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North America is Witnessing Huge Growth in Autonomous Vehicle Market

January 9, 2019 by Steve blade  

According to Goldstein Research, global autonomous vehicles market is expected to grow at a CAGR of more than 39% during the forecast period 2016-2024. The autonomous vehicles are still in the testing phase but once there is the deployment of autonomous cars (expected by the year 2020), the world autonomous vehicle industry is expecting a sales of more than 600,000 units. Global autonomous vehicles market segmentation has been carried out on the basis of technology, vehicle type, components, and geography. Based on technology, semi-automation and driver assistance technology segment is expected to boost the market. Semi-automation technology is expected to be deployed in near future by the top market players such as Bosh and Volkswagen.

Browse Full Report@ https://www.goldsteinresearch.com/report/global-autonomous-vehicles-market-outlook-2016-2024

According to the report, major driver in global autonomous vehicles market is growing investments by automotive companies and favorable government policies for faster development and deployment of autonomous vehicles. For instance, the new legislation in Germany allows the German car manufacturers to test their prototype autonomous vehicles on roads which has triggered German Self-driving car market.

Global autonomous vehicles market is majorly driven by North America owing to the fact that adoption of semi-autonomous vehicles and the required infrastructure is apt as compared to other regions of the world. North America is anticipated to be closely followed by Western Europe with nearly 3 million autonomous vehicles to be sold by 2024


Market Segmentation

On the basis of our in-depth analysis, Global Autonomous VehiclesMarket can be segmented as follows:

By Technology

  • Driver Assistance
  • Semi-Automation
  • High Automation
  • Full Automation

By Vehicle Type

  • Passenger Cars
  • Commercial Vehicles

By Components

  • Software
    • Applications
    • Operating systems
  • Hardware
    • Cameras
    • GPS systems
    • Communication Systems
    • Sensors
      • Radars
      • LIDARs
      • Wheel Speed Sensors
      • Ultrasonic
      • Others

By Region


    • North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
    • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

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Based on autonomous vehicle type, autonomous trucks market is expected to dominate global autonomous vehicle market due to the research and development activities by the major automotive manufacturers such as Volvo and Daimler AG to deploy the self-driving trucks by next few years.


 Autonomous Vehicle Market Report contains detailed overview of the global autonomous vehicles market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by technology, vehicle type and components.

Further, for the in-depth analysis, this report encompasses the Market size, growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as Volkswagen Group, Tesla Motors, Daimler Group, Google Inc., Uber, BMW AG, Audi AG, General Motors, Volvo Group, Nissan Motor Company, Baidu Inc., Apple Inc., Ford Motor Company, Toyota Motor Corporation and Dutch Automated Vehicle Initiative (DAVI),etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global autonomous vehicles market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

Key questions answered in this Global Autonomous VehiclesReport

  • What is the Global Autonomous VehiclesMarket Size by 2024 and what would be the expected growth rate of the industry?
  • What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
  • What are the autonomous vehicles market trends?
  • What are the factors which are driving this industry?
  • What are the major barriers to autonomous vehicles industry growth?
  • Who are the key vendors in this industry space?
  • What are the industry opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts.

Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on automotive industry analysis report to help various tech-giants, tech start-ups and entry players to assess the current and upcoming business scenario. We believe in the rigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable for our clients’ needs and business agenda.

Contact for more info:

Steve Blade

(Global Sales Head)

USA : +1-646-568-7747

Canada : +1-437-886-1181

UK : +44-203-318-6627