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.
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.
By Body Type
By Fuel Type
Internal Combustion Engine (ICE)
Battery Electric Vehicle (BEV)
Fuel Cell Electric Vehicle (FCEV)
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 –
Saic Motor 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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