DUBLIN, December 01, 2021--(BUSINESS WIRE)--The "Autonomous Technology Market Size By Product, By Application, By Geographic Scope And Forecast" report has been added to ResearchAndMarkets.com's offering.
The global autonomous technology market was valued at USD 19.70 Billion in 2020 and is projected to reach USD 50.13 Billion by 2028, growing at a CAGR of 12.77% from 2021 to 2028.
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The Autonomous Technology Market report provides a holistic evaluation of the market for the forecast period. The report comprises of various segments as well an analysis of the trends and factors that are playing a substantial role in the market. These factors; the market dynamics, involves the drivers, restraints, opportunities and challenges through which the impact of these factors in the market are outlined. The drivers and restraints are intrinsic factors whereas opportunities and challenges are extrinsic factors of the market. The Autonomous Technology Market study provides an outlook on the development of market in terms of revenue throughout the prognosis period.
The remarkable growth of electric vehicles (EV) is creating a significant increase in demand for autonomous technologies. Over the past few decades, pollution concerns have been increased drastically across the globe. The use of fuel-based engine vehicles and other machinery is one of the major factors leading to increased air pollutions. Thus, the adoption of electronic vehicles with minimal air pollution probability has been drastically increased across the globe especially in developing and developed nations. Vehicles are witnessing the increased adoption of wireless connectivity which allows users to stay connected with the external world while driving. The connectivity not only enhances driving pleasure through navigation capabilities and other features but also improves the safety quotient of the driver and passengers compared to traditional vehicles. Embedded cellular connectivity is the most reliable method to provide connectivity to the car.
This report provides an all-inclusive environment of the analysis for the Autonomous Technology Market. The market estimates provided in the report are the result of in-depth secondary research, primary interviews and in-house expert reviews. These market estimates have been considered by studying the impact of various social, political and economic factors along with the current market dynamics affecting the Autonomous Technology Market growth.
Along with the market overview, which comprises of the market dynamics the chapter includes a Porter's Five Forces analysis which explains the five forces: namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in the Autonomous Technology Market. It explains the various participants, such as system integrators, intermediaries and end-users within the ecosystem of the market. The report also focuses on the competitive landscape of the Autonomous Technology Market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Market Outlook
4.1 Global Autonomous Technology Market Outlook
4.2 Market Drivers
4.2.1 the Rising Demand for Hybrid and Electric Vehicles Around the World
4.2.2 Increasing Adoption of Embedded Cellular Connectivity in Vehicles
4.3 Market Restraints
4.3.1 Privacy Concerns Along With Declining Automotive Production
4.4 Market Opportunities
4.4.1 the Proliferation of Automotive Electronics
4.4.2 the Growing Fleet of Luxury and High End-Vehicles
4.5 Impact of Covid - 19 on Autonomous Technology Market
4.6 Porter's Five Forces Analysis
4.7 Value Chain Analysis
5 Market, by Product
5.2 Semi-Autonomous Car Technology
5.3 Fully-Autonomous Car Technology
6 Market, by Application
6.2 Adaptive Cruise Control (Acc)
6.3 Adaptive Front Lights (Afl)
6.4 Parking Assistance (Pa)
6.5 Blind Spot Monitoring (Bsm)
6.6 Lane Departure Warning (Ldw)
6.7 Pedestrian Detection System (Pds) and Lidar
6.8 Intelligent Speed Adaptation (Isa)
6.9 Night Vision System (Nvs)
6.1 Forward Collision Warning (Fcw)
7 Market, by Geography
8 Competitive Landscape
8.2 Competitive Scenario
8.3 Company Market Ranking Analysis
9 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/753lcm
View source version on businesswire.com: https://www.businesswire.com/news/home/20211201005465/en/
Laura Wood, Senior Press Manager
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