Press Release
Global Self-Driving Car Market is Expected to Reach $20 billion, by 2024, says Variant Market Research
 Published Date:  Feb 2017  Publish By: Variant Market Research

Global Self-Driving Car Market Report, published by Variant Market Research, forecast that the global market is expected to reach $20 billion by 2024; growing at a CAGR of 25.7% from 2016 to 2024. By geography, North America is expected to hold the largest position in the global self-driving car market.

"Self-Driving Car Market (By Component: Hardware, Software, Optical cameras, LiDAR, Radar and Others; By Geography: North America, Europe, Asia Pacific, RoW) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015 – 2024"

To browse the complete report, visit at https://www.variantmarketresearch.com/report-categories/automotive/self-driving-car-market

The self-driving car is also known as a driverless, robotic, or fully automated car. About 1.25 million people are dying per year due to road traffic crashes according to ‘World Health Organization’, said in May 2016.  The growing concern about reducing the number of accidents caused by human errors is the key driving factor of the market. Moreover, the significantly increasing investments in industrial automation in the automotive industry, as well as rising demand for smart and luxury cars worldwide, are also boosting the growth of self-driving car market. The unavailability of the compatible infrastructure of these driverless cars would act as a restraint for the market. Privacy and safety issues of the self-driving cars are major challenges for self-driving car manufacturers. Increasing R&D investment for commercialization of autonomous cars holds the opportunity for the lucrative growth of driverless car market during the forecast period.

Based on components, the self-driving car market is bifurcated as. hardware, software, optical cameras, Lidar, radar, and others. The software component of the market is estimated to hold largest market share during the forecast period, characterized by increasing technological advancement in software segment such as advanced driver assistance systems to enhance safety and driving process.

Based on the geographical analysis, the market is segmented into North America, Europe, Asia-Pacific, and RoW (South America, Middle East & Africa). North America is expected to grab the major chunk of the market holding about 40% of the market share; growing at the highest CAGR during the forecast period, owing to the early adoption and the presence of key market players in this region such as Tesla, Ford and General Motors. However, Asia Pacific is expected to witness substantial growth rate during the forecast period; growth being driven by China, Japan, South Korea and India.

The key players of the market are Google Inc., Daimler AG, Tesla Motors, Inc., Audi AG, Ford Motor Company, Toyota Motor Corporation, Dutch Automated Vehicle Initiative (DAVI), BMW AG, Volvo Group, Nissan Motor Company, Baidu Inc., Apple Inc. and Volkswagen among others. These major players present in the market are adopting new product launches as the key strategy to offer new and innovative products to customers to enhance their customer base. Moreover, agreements, collaboration, partnership, acquisition, and expansion are the market strategies adopted by the major companies in the self-driving car market. For instance, in 2009, Alphabet Inc. has started the development of fully automated vehicles. In December 2016, the Google’s parent Alphabet Inc. has formed a new driverless car company known as Waymo LLC. The Waymo has tested its autonomous cars across Texas, Washington D.C., California, and Arizona.  

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Chapter 1 Prefix
    1.1 Market Scope
    1.2 Report Description
    1.3 Research Methodology
          1.3.1 Primary Research
          1.3.2 Secondary Research
          1.3.3 In-house Data Modeling
Chapter 2 Executive Summary
Chapter 3 Market Outline
    3.1 Market Inclination, Trend, Outlook and Viewpoint
    3.2 Market Share Analysis: Company’s Competitive Scenario
    3.3 Market Dynamics
          3.3.1 Drivers
                   3.3.1.1 Impact Analysis
          3.3.2 Restraints
                   3.3.2.1 Impact Analysis
          3.3.3 Opportunities
Chapter 4 Self-Driving Car Market by Components: Market Size and Forecast, 2015 – 2024
    4.1 Overview
    4.2 Hardware
          4.2.1 Current Trend and Analysis
          4.2.2 Market Size and Forecast
    4.3 Software
          4.3.1 Current Trend and Analysis
          4.3.2 Market Size and Forecast
    4.4 Optical cameras
          4.4.1 Current Trend and Analysis
          4.4.2 Market Size and Forecast
    4.5 Lidar
          4.5.1 Current Trend and Analysis
          4.5.2 Market Size and Forecast
    4.6 Radar
          4.6.1 Current Trend and Analysis
          4.6.2 Market Size and Forecast
    4.7 Others
          4.7.1 Current Trend and Analysis
          4.7.2 Market Size and Forecast
Chapter 5 Self-Driving Car Market by Geography: Market Size and Forecast, 2015 – 2024
    5.1 Overview
    5.2 North America
          5.2.1 Current Trend and Analysis
          5.2.2 Market Size and Forecast
          5.2.3 US
                   5.2.3.1 Market Size and Forecast
          5.2.4 Canada
                   5.2.4.1 Market Size and Forecast
          5.2.5 Mexico
                   5.2.5.1 Market Size and Forecast
    5.3 Europe
          5.3.1 Current Trend and Analysis
          5.3.2 Market Size and Forecast
          5.3.3 Germany
                   5.3.3.1 Market Size and Forecast
          5.3.4 France
                   5.3.4.1 Market Size and Forecast
          5.3.5 United Kingdom
                   5.3.5.1 Market Size and Forecast
          5.3.6 Spain
                   5.3.6.1 Market Size and Forecast
          5.3.7 Others
                   5.3.7.1 Market Size and Forecast
    5.4 Asia-Pacific
          5.4.1 Current Trend and Analysis
          5.4.2 Market Size and Forecast
          5.4.3 China
                   5.4.3.1 Market Size and Forecast
          5.4.4 India
                   5.4.4.1 Market Size and Forecast
          5.4.5 Japan
                   5.4.5.1 Market Size and Forecast
          5.4.6 South Korea
                   5.4.6.1 Market Size and Forecast
          5.4.7 Others
                   5.4.7.1 Market Size and Forecast
    5.5 RoW
          5.5.1 Current Trend and Analysis
          5.5.2 Market Size and Forecast
          5.5.3 Middle East
                   5.5.3.1 Market Size and Forecast
          5.5.4 South America
                   5.5.4.1 Market Size and Forecast
          5.5.5 Africa
                   5.5.5.1 Market Size and Forecast
Chapter 6 Company Profiles
    6.1 Google Inc.
    6.2 Daimler AG
    6.3 Tesla Motors, Inc.,
    6.4 Audi AG
    6.5 Ford Motor Company
    6.6 Toyota Motor Corporation
    6.7 Dutch Automated Vehicle Initiative (DAVI)
    6.8 BMW AG
    6.9 Volvo Group
    6.10 Nissan Motor Company
    6.11 Baidu Inc.
    6.12 Apple Inc.
    6.13 Volkswagen
List of Figures
FIG. 1 MARKET SEGMENTATION: SELF-DRIVING CAR MARKET
FIG. 2 MARKET SHARE ANALYSIS, 2016 (%)
FIG. 3 SELF-DRIVING CAR MARKET SHARE AND FORECAST, BY COMPONENT 2015 Vs 2024 (VALUE %)
FIG. 4 SOFTWARE MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 5 HARDWARE MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 6 LIDAR MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 7 OPTICAL CAMERAS MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 8 RADAR MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 9 OTHERS MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 10 SELF-DRIVING CAR MARKET SIZE AND FORECAST BY GEOGRAPHY, 2015 Vs 2024 (REVENUE, CAGR %)
FIG. 11 NORTH AMERICA SELF-DRIVING MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 12 NORTH AMERICA SELF-DRIVING MARKET SIZE AND FORECAST BY COUNTRY, 2015 – 2024 ($ BILLION)
FIG. 13 U.S. SELF-DRIVING MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 14 CANADA SELF-DRIVING MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 15 MEXICO SELF-DRIVING MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 16 EUROPE SELF-DRIVING MARKET SIZE AND FORECAST, 2015 – 2024 BY COUNTRY, ($ BILLION)
FIG. 17 U.K. SELF-DRIVING MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 18 FRANCE SELF-DRIVING MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 19 GERMANY SELF-DRIVING MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 20 SPAIN SELF-DRIVING MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 21 OTHERS SELF-DRIVING MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 22 ASIA-PACIFIC SELF-DRIVING MARKET SIZE AND FORECAST, 2015 – 2024 BY COUNTRY ($ BILLION)
FIG. 23 CHINA SELF-DRIVING MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 24 INDIA SELF-DRIVING MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 25 JAPAN SELF-DRIVING MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 26 OTHERS SELF-DRIVING MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 27 REST OF THE WORLD SELF-DRIVING MARKET SIZE AND FORECAST, 2015 – 2024 BY COUNTRY ($ BILLION)
FIG. 27 REST OF THE WORLD SELF-DRIVING MARKET SIZE AND FORECAST, 2015 – 2024 BY COUNTRY ($ BILLION)
FIG. 29 MIDDLE EAST SELF-DRIVING MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
FIG. 30 AFRICA SELF-DRIVING MARKET SIZE AND FORECAST, 2015 – 2024 ($ BILLION)
List of Tables
TABLE 1 SELF-DRIVING CAR MARKET SNAPSHOT
TABLE 2 SELF-DRIVING CAR MARKET SIZE AND FORECAST, BY REGION, 2015 – 2024 ($ BILLION)
TABLE 3 DRIVER OF THE SELF-DRIVING CAR MARKET : IMPACT ANALYSIS
TABLE 4 RESTRAINTS OF THE SELF-DRIVING CAR MARKET : IMPACT ANALYSIS
TABLE 5 SOFTWARE MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ BILLION)
TABLE 6 HARDWARE MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ BILLION)
TABLE 7 LIDAR MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ BILLION)
TABLE 8 OPTICAL CAMERAS MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ BILLION)
TABLE 9 RADAR MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ BILLION)
TABLE 10 OTHERS MARKET SIZE AND FORECAST, BY REGIONS, 2015 – 2024 ($ BILLION)
TABLE 11 NORTH AMERICA SELF-DRIVING MARKET SIZE AND FORECAST, BY COMPONENT, 2015 – 2024 ($ BILLION)
TABLE 12 EUROPE SELF-DRIVING MARKET SIZE AND FORECAST, BY COMPONENT, 2015 – 2024 ($ BILLION)
TABLE 13 ASIA-PACIFIC SELF-DRIVING MARKET SIZE AND FORECAST, BY COMPONENT, 2015 – 2024 ($ BILLION)
TABLE 14 REST OF THE WORLD SELF-DRIVING MARKET SIZE AND FORECAST, BY COMPONENT, 2015 – 2024 ($ BILLION)
TABLE 15 GOOGLE INC.: COMPANY SNAPSHOT
TABLE 16 DAIMLER AG:COMPANY SNAPSHOT
TABLE 17 DAIMLER AG: OPERATING SEGMENTS
TABLE 18 TESLA MOTORS, INC.: COMPANY SNAPSHOT
TABLE 19 TESLA MOTORS, INC.: OPERATING SEGMENTS
TABLE 20 AUDI AG: COMPANY SNAPSHOT
TABLE 21 AUDI AG: OPERATING SEGMENTS
TABLE 22 FORD MOTOR COMPANY: COMPANY SNAPSHOT
TABLE 23 FORD MOTOR COMPANY: OPERATING SEGMENTS
TABLE 24 TOYOTA MOTOR CORPORATION: COMPANY SNAPSHOT
TABLE 25 TOYOTA MOTOR CORPORATION: OPERATING SEGMENTS
TABLE 26 DUTCH AUTOMATED VEHICLE INITIATIVE (DAVI): COMPANY SNAPSHOT
TABLE 27 DUTCH AUTOMATED VEHICLE INITIATIVE (DAVI): OPERATING SEGMENTS
TABLE 28 BMW AG: COMPANY SNAPSHOT
TABLE 29 BMW AG: OPERATING SEGMENTS
TABLE 30 VOLVO GROUP: COMPANY SNAPSHOT
TABLE 31 VOLVO GROUP: OPERATING SEGMENTS
TABLE 32 NISSAN MOTOR COMPANY: COMPANY SNAPSHOT
TABLE 33 NISSAN MOTOR COMPANY: OPERATING SEGMENTS
TABLE 34 BAIDU INC.: COMPANY SNAPSHOT
TABLE 35 BAIDU INC.: OPERATING SEGMENTS
TABLE 36 APPLE INC.: COMPANY SNAPSHOT
TABLE 37 APPLE INC.: OPERATING SEGMENTS
TABLE 38 VOLKSWAGEN: COMPANY SNAPSHOT
TABLE 39 VOLKSWAGEN: OPERATING SEGMENTS

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