Europe Autonomous Cars Market Demand, Recent Trends and Developments Analysis 2024
By Market Study Report  Date: 2020-10-13Product ID: 2506055

Europe Autonomous Cars Market Demand, Recent Trends and Developments Analysis 2024

The Europe Autonomous Cars Market report upholds the future market predictions related to Europe Autonomous Cars market size, revenue, production, Consumption, gross margin and other substantial factors. It also examines the role of the prominent Europe Autonomous Cars market players involved in the industry including their corporate overview. While emphasizing the key driving factors for Europe Autonomous Cars market, the report also offers a full study of the future trends and developments of the market.

The autonomous car market in the region is anticipated to increase due to the technological advancement, focus on vehicle automation and growing demand for luxury vehicles. Also, the support for the adoption of ADAS technology towards vehicle automation and self-driven cars will have an impact on the market growth. Additionally, the European Union has made it mandatory that all vehicles should be equipped with autonomous emergency-braking systems and forward-collision warning systems by 2020, supporting the widespread adoption of ADAS technology. Europe Autonomous Cars Market Share estimated to exceed 22 million units by 2024.

The growth in the region is propelled to various R&D activities in collaboration of OEM with technology providers. The prominent players in the region are conducting various R&D activities to develop new autonomous vehicle solution. These players are increasing the R&D spending to deploy new technologies in the self-driving cars.

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The high cost of autonomous vehicles is hindering the growth. The autonomous vehicle requires high-tech infrastructure, hugely expensive LiDAR and radar systems, princely deals with high-definition maps and cloud computing provider. The cost associated with all these high-tech requirement increases the overall price of the autonomous cars. Additionally, poor 4G network connectivity limits the growth of autonomous cars in the region.

The Europe autonomous cars market is characterized by the presence of various players such as Audi, BMW, Mercedes, Volkswagen, Waymo, Volvo Car Corporation, Ford Motor Company, General Motors Company, Volkswagen Group, Uber Technologies Inc., Bosch GMBH, Toyota Motor Corporation, Tesla Inc., Nvidia Corporation, Aptiv PLC, Autoliv Inc and others. The prominent players in the region are leveraging on the strategy of partnership, merger, acquisition and investments to bring technological advancements in the autonomous cars industry and expand its services globally. For instance, In July 2017, Bosch GMBH joined forces with Baidu and Nvidia for its Apollo project. The joined forces aimed at accelerating the development of self-driving car technology.

The level-4 autonomous cars market is forecasted to grow in the future years due to early adoption of autonomous transport in the region. The prominent players in the region are conducting the level-4 test, the early conduction of test is predicated to increases the market in the coming years. Additionally, the authorities in the France have stated that they will allow the testing of Level-5 self-driving cars. The initiatives taken for the early adoption of autonomous transport in the region complimenting the growth of autonomous cars market.

Some of the Highlights about Table of Content of Europe Autonomous Cars Market

1 Europe Autonomous Cars Market overview

  • Market Introduction
  • Research Objectives
  • Years Considered
  • Europe Autonomous Cars Market Research Methodology
  • Economic Indicators
  • Currency Considered

2 Executive Summary

  • World Market Overview
  • Global Europe Autonomous Cars Consumption analysis and forecast
  • Europe Autonomous Cars Consumption CAGR by Region

3 Market Drivers, Challenges and Trends

  • Europe Autonomous Cars Market Drivers and Impact
  • Growing Demand from Key Regions
  • Growing Demand from Key Applications and Potential Industries
  • Market Challenges and Impact
  • Europe Autonomous Cars Market Trends

4 Marketing, Distributors and Customer

  • Sales Channel
  • Direct Channels
  • Indirect Channels

5 Key Players Analysis

  • Company Details
  • Main Business Overview
  • Product Benchmarking
  • Recent Developments and Technological Advancement in Europe Autonomous Cars Market

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