Autonomous Luxury Vehicle Market

Autonomous Luxury Vehicle Market Online Research, Business Opportunities With Mercedes-Benz USA, Tesla, BMW Group, Continental, AUDI AG, Porsche, Cisco, Valeo, Bosch, DENSO, BAIC International, Waymo, Changan Automobile

Autonomous Luxury Vehicle Market report pin point analysis for changing competitive dynamics and provides forward looking perspective on different factors driving or restraining market growth. This Autonomous Luxury Vehicle Market report helps in making informed business decision by insights of market and by making in depth analysis of the market segments.

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Global autonomous luxury vehicle market is expected to reach 27905.5 units by 2025, from more than 2477.60 units in 2018 growing at a CAGR of more than 35.34% during forecast period (Current Year Statistic Will Be Provided in Report). Autonomous luxury vehicle increases safety, mobility and customer satisfaction.

Market Drivers:

Growing connected vehicle technology and dynamic mobility application.

Raising demand for need for safe, productive and efficient driving experience.

High demand for luxury autonomous vehicles in the automotive industry.

Segments:

By Component

Biometric Sensors

Camera Unit

LiDAR Sensors

Radar Sensors

Ultrasonic Sensors

By Body Type

Sedan

Hatchback

SUV

By Fuel Type

Internal Combustion Engine (ICE)

Battery Electric Vehicle (BEV)

Fuel Cell Electric Vehicle (FCEV)

Hybrid Vehicle

Others

By Geography

North America (U.S., Canada, Mexico)

South America (Brazil, Argentina, Rest of South America)

Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Rest of Europe)

Asia-Pacific ( Japan, China, South Korea, India, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia Pacific)

Middle East & Africa (South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel, Rest of Middle East & Africa)

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Autonomous vehicle are also known as automatic or self-governing car. The car is able to drive itself with the help of sensors. It senses the environment and navigates without human input. Autonomous car consist of various technology including laser light, GPS, radar and other. The key players operating in the global autonomous luxury vehicle market are –

Tesla

AUDI AG

BMW AG

NIO

Porsche Inc

Robert Bosch

Mercedes-Benz

Changan Automobile

Saic Motor Corporation

Baidu

Baic Motor

Waymo

Panasonic

Continental AG

Denso Corporation

Visteon Corporation

Nippon Seiki Co.Ltd

The other players in the market are Pioneer Corporation, Denso, Delphi Automotive, Infineon Technologies, NXP Semiconductors, Valeo, Texas Instruments, ZF Friedrichshafen, Magna International, Cisco Systems, Harman, Garmin, Microvision, Inc., among other. The global autonomous luxury vehicle market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions and others to increase their footprints in this market. The report includes market shares of autonomous luxury vehicle market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.

In 2018, Tesla introduces Model 3 and model S vehicle which is equipped with autopilot version 8.1 and version 701 respectively and one camera.

For instance, In 2016 The International Council on Clean Transportation (ICCT), stated that the Europe hybrid-electric vehicles market share grew by 1.8% of all new cars.

In Spain, the hybrid car market share increased by 2.7% in 2016 from 1.8% in 2015.

According to statista, the automotive supplier’s industry is estimated to grow around USD 24.5 billion by 2050. According to an article published recently by trading economics, the sales of vehicles in China will rise by 9.6 % in the year 2018 and around 2.29 million units has  been sold by the end of the May in 2018. This shows that the automotive sector is growing, which in turn is driving the demand of autonomous luxury vehicles.

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Hi, I am Ravi Kumar, a Blogger, Freelancer, SEO Consultant, an Internet Marketer, I am a research analyst who loves to evaluate data relating to Manufacturing industry, Management of companies and enterprises, Finance and insurance, Wholesale trade, Management, scientific, and technical consulting services

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