Market Analysis Report Global Self-driving Car Market (2018-2023).docx | Page 2

key factors driving the growth of the market. The rise of the mobility as a service (MaaS) sector is
anticipated to provide an impetus to the market for autonomous cars. Automation in the
automotive industry will boost the growth of the global self-driving car market.
A self-driving car, also known as an autonomous car or driverless car, is a vehicle that uses a
combination of sensors, cameras, radars and artificial intelligence (AI), to travel between
destinations without the need of any human effort. To qualify as fully autonomous, a vehicle must
be able to navigate without human intervention, to a predetermined destination, over roads that
have not been adapted for its use. The global self-driving car market is expected to expand at a
CAGR of 36.2%, leading to global revenue of USD 173.15 Bn by 2023.
The global Self-driving Car Market is segmented on the basis of Type of Vehicle, Product Type,
Application of the Car, Technology Components (Hardware and Software), and Geography. The
global market for Autonomous cars can be categorized on the basis of its use and Application, that
is, into personal use and commercial use. In the self-driving car market, products are segregated
based on type such as Level 1, Level 2, Level 3, Level 4 and Level 5 automation. The components
market comprises radar, video cameras, lidar, ultrasound, central computing and GPS navigation.
Market segment by Regions/Countries, this report covers: the self-driving car market is segmented
into North America, Europe, Asia-Pacific, Latin America and the Middle East and Africa. this report
investigates and analyzes the production, value, price, market share and growth rate for the top
manufacturers, Self-driving Car data from 2019 to 2023.
Although the self-driving car market is expected to experience positive growth globally,
apprehension regarding privacy and security risk and lack of proper infrastructure that is needed to
support autonomous cars may pose several challenges for manufacturers. There can be security
threats to the wide-ranging networks that will connect with autonomous vehicles.Major self-driving
car providers operating in the market are divided based on technology providers (Microsoft, Apple,
IBM, Cisco) and automobile industry players (Google, Toyota, General Motors, Tesla, Volvo)
Self-driving Car Questions Answered in this Report:
1. What will the Self-driving Car Market size be in 2023?
2. What are the Key factors driving the Global Self-driving Car Market?
3. What are the challenges to market growth?
4. Who are the Key players in the Global Self-driving Car Market?
5. What are the market opportunities and threats faced by the Self-driving Car players?
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The report is a compilation of first-hand information, qualitative and quantitative assessment by
industry analysts, inputs from industry experts and industry participants across the value chain. The
report provides in-depth analysis of parent market trends, macro-economic indicators and governing