Semi-Autonomous
Vehicle Market Size Overview
Recent
research shows that the Global Semi-Autonomous
Vehicle Market Size has undergone a steep
growth in past few years. Also, the market is expected to find more
opportunities to grow further in the projected period of 2022 to 2030.
The
Global Semi Autonomous Vehicle Market is anticipated to reach the valuation of
USD 61 Million with the CAGR rate of 48.3% within the forecasted period of 2030.
Fast
improvement of sensor processing technology, adaptive algorithm, HD mapping,
deployment of infrastructure-to-vehicle etc have boosted the market growth in
past years. Also, these aspects will be the major market drivers in future
time.
During
Covid-19 pandemic, the Global Semi Autonomous Vehicle Market has faced a
negative impact overall. The market was highly affected due to lockdown and
restrictions. But on the other hand the restrictions increases the demand for
Autonomous vehicles in the post pandemic time and created a positive response
in the market.
Semi-Autonomous
Vehicle Market Size Key Players
·
Continental AG (Germany)
·
Daimler AG (Germany)
·
NXP Semiconductor (the
Netherland)
·
Valeo (France)
·
ZF Friedrichshafen AG
(Germany)
·
Magna International
(Canada)
·
Tesla (US)
·
BMW (Germany)
·
Waymo LLC (US)
·
Texas Instruments (US)
·
General Motors (US)
·
Mercedes-Benz (Germany)
·
Audi AG (Germany)
Semi-Autonomous
Vehicle Market Size Segmentation
The
Global Semi Autonomous Vehicles Market is segmented by type, vehicle
type and region.
Depending
upon the type, the market is segmented into semi autonomous and fully
autonomous. In the type segment the semi autonomous section has the largest
share due to the rise in technological advancement. Technical development makes
a huge opportunity to grow more semi autonomous vehicles.
Depending
on the vehicle type, the market is segmented into passenger vehicles and commercial
vehicles. The passenger vehicle segment holds the largest share due to the
rapid modernization which increases the demand for passenger vehicle.
Semi-Autonomous
Vehicle Market Size Regional Classification
According
to regional segmentation, the Global Semi Autonomous Vehicles Market is
further divided into North America, Europe, Asia Pacific, Middle East Asia and
other regions.
North
America holds the largest Global Semi Autonomous Vehicles Market revenue
due to the increasing demand for driverless vehicles, technological advances
and government initiative in this region.
Also,
the Asia Pacific will be the fastest growing market. Due to the rapid growth in
technological advancement and adaptability to these kind of vehicles in this
regions.
Europe
holds the second largest position in the Global Semi autonomous Vehicles
Market Size and have a stable growth in the future.
Semi-Autonomous
Vehicle Industry News
Some
of the major key players in the Global Semi-Autonomous Vehicles Market Share are
Autoliv Inc., Honda motor corp., Apitiv, Waymo LLC., Robert Bosch GmbH, Baidu,
AutoX Inc., Daimler AG, Volvo, Hyundai Motor Group, Ford Motor Group, pony.ai
etc. These key players are looking forward to innovate and offer new
technologies in the market, increase their production capacity, improve
technologies aspects etc to maintain a stronghold in this market and withstand
the high competition. Also the constant R&D efforts by the key companies
makes the market competition more high.
·
In January 2021, Honda announced
their collaborations with the General Motors and Cruise to expand their Autonomous Vehicle Mobility services to a
greater area.
·
In July 2020, an Intel
company Mobileye announces their collaboration with Willer a transportation
company to launch a self-driven robot taxi.
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