Global Autonomous Luxury Vehicle Market, By Component (Biometric Sensors, Camera Unit, LiDAR Sensors, Radar Sensors, Ultrasonic Sensors), Body Type (Sedan, Hatchback, SUV), Fuel Type (Internal Combustion Engine, Battery Electric Vehicle, Fuel Cell Electric Vehicle, Hybrid Vehicle, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East And Africa)– Industry Trends and Forecast to 2025
Market Analysis: Global Autonomous Luxury Vehicle Market
The Global Autonomous Luxury Vehicle Market is expected to reach 27905.5 units by 2025, from 2477.60 units in 2017 growing at a CAGR of 35.34% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic year is 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
Market Definition: Global Autonomous Luxury Vehicle Market
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. Autonomous luxury vehicle increases safety, mobility and customer satisfaction. According to statista, the automotive supplier's industry is estimated to grow around USD 24.5 billion by 2050. 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 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.
- 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.
- Non-availability of required infrastructure in developing countries.
- High cost of cyber security and safety concerns.
Segmentation: Global Autonomous Luxury Vehicle Market
- Biometric Sensors
- Camera Unit
- LiDAR Sensors
- Radar Sensors
- Ultrasonic Sensors
By Body Type
By Fuel Type
- Internal Combustion Engine (ICE)
- Battery Electric Vehicle (BEV)
- Fuel Cell Electric Vehicle (FCEV)
- Hybrid Vehicle
- North America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- South America
- Rest of South America
- Middle East & Africa
- South Africa
- Rest of MEA
Competitive Analysis: Global Autonomous Luxury Vehicle Market
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.
Key Market Competitors: Global Autonomous Luxury Vehicle Market
The key players operating in the global autonomous luxury vehicle market are –
- AUDI AG
- BMW AG
- Porsche Inc.
The other players in the market are Robert Bosch, Mercedes-Benz, Changan Automobile, Saic Motor Corporation, Baidu, Baic Motor, WaymoPanasonic, Continental AG, Denso Corporation, Visteon Corporation, Nippon Seiki Co.Ltd, Pioneer Corporation, Denso, Delphi Automotive, Infineon Technologies, NXP Semiconductors, Valeo, Texas Instruments, ZF Friedrichshafen, Magna International, Cisco Systems, Harman, Garmin, Microvision, Inc., among other.
Research Methodology: Global Autonomous Luxury Vehicle Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Historical and current market size and projection up to 2025.
- Market trends impacting the growth of the global autonomous luxury vehicle market.
- Analyse and forecast autonomous luxury vehicle market on the basis of component, body type and fuel type.
- Trends of key regional and country-level markets for product component, body type and fuel type.
- Company profiling of key players which includes business operations, product and services, geographic presence, recent developments and key financial analysis