Global Level 3 Autonomous Vehicle Market 2017-2021

Published: Jan 2017 Pages: 86 SKU: IRTNTR11343

Overview of the global level 3 autonomous vehicle market

The global level 3 autonomous vehicle market is anticipated to grow rapidly and post a CAGR of more than 23% in terms of shipment during the forecast period. The rising importance of road safety and greener modes of transportation will drive the growth prospects for the global level 3 autonomous vehicle market until the end of 2021. Factors such as speed, distracted driving, and drunken driving lead to road fatalities. One of the major factors that drive the necessity for automated vehicle technologies and negate the effects of driver distraction is the urgent need for curbing these road fatalities. Also, growing concerns about greenhouse gas emissions have encouraged governments across the globe to focus on alternative sources of fuel that drive the introduction of new technology in vehicles such as level 3 autonomous vehicles.

The increased focus of OEMs toward the development of autonomous vehicles will drive the growth prospects for the global level 3 autonomous vehicle market in the forthcoming years. Due to the rising demand for new car ownership models such as carpooling, cab services, and car rentals due to factors such as traffic congestions in urban cities, OEMs are increasingly focusing on technologies that focus on driverless and autonomous vehicle concept.

Competitive landscape and key vendors

The global level 3 autonomous vehicle market is highly diversified and competitive due to the presence of a large number of autonomous vehicle manufacturers across the globe. These vendors increasingly focus on improvising their product portfolio to expand geographic reach.

Key vendors in this market are -

  • Bosch
  • Continental
  • Delphi
  • Mobileye
  • Velodyne

Other prominent vendors in the market include Apple, Baidu, Google, LeddarTech, Magna International, NVIDIA, Quanergy Systems, and Uber.

Segmentation by vehicle type and analysis of the level 3 autonomous vehicle market

  • LCV
  • HCV
  • PV

The passenger vehicle (PV) segment accounts for the maximum market share in 2016 and will continue to dominate the market for the next few years. One of the major factors responsible for the market segment’s growth is the increasing adoption of auto electronics and advanced driver assistance systems (ADAS) in PVs.

Segmentation by geography and analysis of the level 3 autonomous vehicle market

  • Americas
  • APAC
  • EMEA

In terms of geography, the Americas accounted for the maximum market share in 2016 and will continue to dominate the market in the coming years as well. One of the major factors responsible for the market’s growth in the region is the increased investments towards advanced technologies such as ADAS, electronic braking system, and traction control system.

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global level 3 autonomous vehicle market?
  • What are the key market trends impacting the growth of the global level 3 autonomous vehicle market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global level 3 autonomous vehicle market?
  • What are the market opportunities and threats faced by the vendors in the global level 3 autonomous vehicle market?
  • What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
  • What are the key outcomes of the five forces analysis of the global level 3 autonomous vehicle market?

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Table of Contents

PART 01: Executive summary

PART 02: Scope of  the report

  • Market overview
  • Report coverage
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights
  • Timeline of autonomous vehicles
  • Value chain analysis
  • Product life cycle
  • Regulatory framework

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation  by vehicle type

  • Global level 3 autonomous PV market
  • Global level 3 autonomous LCV market
  • Global level 3 autonomous HCV market

PART 07: Market segmentation by geography

  • Level 3 autonomous vehicle market in EMEA
  • Level 3 autonomous vehicle market in Americas
  • Level 3 autonomous vehicle market in APAC

PART 08: Market drivers

  • Increased demand for driver assistance system
  • Availability of ITS corridors and smart road infrastructure
  • Rising importance of road safety and greener modes of transportation
  • Maturing autonomous vehicles concept
  • Support from auto insurance sector
  • Open platform for mapping: HD maps

PART 09: Market challenges

  • Accidents due to undefined safety parameters
  • System reliability and uncertainty in user acceptance
  • Cybersecurity breach issues

PART 10: Market trends

  • Over the air updates for automotive software
  • Increased focus of OEMs toward development of autonomous vehicles
  • Vehicle platooning to improve fuel efficiency and traffic congestion
  • Driver state monitoring

PART 11: Vendor landscape

  • Competitive benchmarking
  • Other prominent vendors

PART 12: Key vendor analysis

PART 13: Appendix

  • List of abbreviations

PART 14: Explore Technavio

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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