Global Autonomous Vehicles Market to witness a disruption driven by covid 19
In terms of volume, the Autonomous Vehicles Market is expected to reach USD 125.67 Billion at CAGR 22.3% by the end of the assessment period (2020-2030).
The Autonomous Vehicles market report focuses on the economic developments and consumer spending trends across different countries for the forecast period 2027. The research further reveals which countries and regions will have a better standing in the years to come. Apart from this, the study talks about the growth rate, market share as well as the recent developments in the Autonomous Vehicles industry worldwide. Besides, the special mention of major market players adds importance to the overall market study.
Benefits such as driver assistance features like blind-spot identification will support the market growth from 2016 to 2027. As per the market research report, the global autonomous vehicles market is anticipated to grow at a healthy rate across all the hardware and software, type, and sensors segments. However, the presence of active threats such as hardest technical challenges could hamper the market growth. Business activities across self-driving cars have also been examined and studied by self-driving cars industry’s experienced analysts. The autonomous vehicles market research report covers findings with predictions and forecasts till 2027.
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Autonomous Vehicles Market Key Players:
Hitachi, Ltd. (Japan), Continental AG (Germany), Intel Corporation (U.S.), Renesas Electronics Corporation (Japan), Nvidia Corporation (U.S.), ZF Friedrichshafen AG (Germany), Infineon Technologies AG (Germany), NXP Semiconductors N.V. (Netherlands), Autoliv Inc. (Sweden) and Bosch (Germany)
Autonomous Vehicles Market Regional Assessment
The global business regional analysis was conducted in four major regions including Asia Pacific , North America, Europe and the rest of the world. The European region will dominate the market for Autonomous Vehicles due to Growing demand for natural gas for generating power and heating spaces. The region needs better transport facilities for gas as the current physical pipelines have become outdated and require high maintenance and upgrade costs. Asia-Pacific is the fastest growing region, since the region’s developing nations are the net importers of natural gas. China itself was the largest consumer of natural gas in 2017, with industrialization and urbanization projects expected to increase consumption. The region’s emerging markets, such as Indonesia and Pakistan, are also experiencing high demand for natural gas, which brings opportunities for Autonomous Vehicles in Asia Pacific.
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Autonomous Vehicles Market Segmentation
The global Autonomous Vehicles Market is segmented into type, component, voltage, application and region. By type the segment is further classified into skid mounted and mobile Autonomous Vehicles. By component, the segment is further classified into switchgear, bus bar, HVAC systems, transformer, frequency drives, monitoring and control systems and others. By voltage, the segment, is further classified into low voltage and medium voltage Autonomous Vehicles. Autonomous Vehicless are used in various industries such as oil and gas, mining, transportation, and power utilities.
Key Findings
In October 2018, ABB, technology leader and manufactures robotics, power and heavy electrical equipment, won a contract of worth USD 45 million to construct a substation in Dubai which helps in boosting distribution capacity.
In April 2018, Zest WEG Group, is expanded their Autonomous Vehicless business in Africa to meet the increase in demand from industries.
Covid 19 Analysis
Due to a rise in phishing activities, COVID-19 has substantially increased the adoption of cloud infrastructure and services. In addition, COVID-19 has significantly increased the security budget, which has resulted in a large increase in cloud infrastructure and services. According to the findings of a study conducted by Microsoft and published in August 2020, 36% of the total 800 respondents said that the budget for cybersecurity had risen as a consequence of the pandemic outbreak. Additionally, 42 percent of those who answered the survey said that the company altered its personnel by adding more security experts.
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Autonomous Vehicles Market Drivers and Restraints
The Autonomous Vehicles market is driven by numerous factors such as increasing construction FDI in the Asia Pacific region, and policy reforms and policies that support them. Governments across all regions are observed, their construction sector supported, and created. The emerging economies are the ones that put in various reforms and regulations in particular to fuel their infrastructure growth and the real estate market. Such expansion is slated to increase scaffolding’s Autonomous Vehicles market growth. The Autonomous Vehicles market has constraints such as fluctuating prices of raw materials and slower economic growth, which hinder market development.
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Table of contents:
1 EXECUTIVE SUMMARY
1.1 GLOBAL AUTONOMOUS VEHICLES MARKET, BY COMPONENT
1.2 GLOBAL AUTONOMOUS VEHICLES MARKET, BY ORGANIZATION SIZE
1.3 GLOBAL AUTONOMOUS VEHICLES MARKET, BY DEPLOYMENT
1.4 GLOBAL AUTONOMOUS VEHICLES MARKET, BY END-USERS
1.5 GLOBAL AUTONOMOUS VEHICLES MARKET, BY REGION
2 MARKET INTRODUCTIONS
2.1 DEFINITION
2.2 SCOPE OF THE STUDY
2.3 RESEARCH OBJECTIVE
2.4 MARKET STRUCTURE
3 RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 PRIMARY RESEARCH
3.3 SECONDARY RESEARCH
3.4 MARKET SIZE ESTIMATION
3.5 FORECAST MODEL
3.6 LIST OF ASSUMPTIONS
4 MARKET DYNAMICS
Continued…
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