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North America Autonomous Cars Market share to gain substantial revenues by 2024

Author : Ronak Bora | Published Date : 2021-01-11 

The market analysis on North America Autonomous Cars Market provides a holistic view on the overall industry along with laying significant focus on crucial details pertaining to its foothold in the global economy and its applications across multiple end-user industries and sectors.

According to the given report, the North America autonomous cars market size was 4 million units in 2017 and is further anticipated to surpass a mammoth of 12 million units by 2024, while depicting a CAGR of 12% through 2024. Besides, the study also includes information on the current market scenario, developing technologies, widely spread competitive landscape, future growth prospects, tactics undertaken by market rivals, and vivid market segmentations.

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The research report also lays emphasis on the fundamental factors that are propelling the market growth over the foreseeable period, along with offering elaborative details of the trends that the industry is characterized by.

The overall North American autonomous cars market is divided on the basis of various Level of Autonomy, type, regions, and competitive landscape spectrums.

The rising concern of customer for vehicles safety, green environment and more connected has given rise to the widespread adoption of ADAS technology. The ADAS technology provide features such as blind spot monitoring, lane departure warning systems and parking assistance features. Additionally, advancements in the automotive LiDAR technology is driving the market.

The autonomous cars market in North America is diversified into U.S., Canada and its analysis has also been addressed in the document. The report incorporates analysis on various factors supporting the growth of regional markets, along with the trending growth opportunities prevalent in every region, their growth rates over the projected timeframe, technologies used, regulatory reforms, and individual market share.

Mergers, acquisitions and investments have been the commonly used strategy by various major players to enhance service offering in various regions. For instance, in October 2018 General Motors has teamed up with Honda to acquired USD 2.75 billion funds. This collaboration aims at building autonomous vehicle to serve variety of use cases.

The overall industry is highly consolidated and claims presence of companies like Toyota Motor Corporation, Volvo Car Corporation, General Motors Company, Uber Technologies Inc., Tesla Inc., Volkswagen Group, Subaru of America, Inc, Ford Motor Company, Waymo, Aptiv PLC, Nvidia Corporation, Autoliv Inc and others whose individual market shares and company profiles have been enlisted in the report. Moreover, the analysis also includes the firms’ strategies and their stance in the global landscape.

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[TOC Chapters]

 

Chapter 4. North America Autonomous Cars Market Size, by Level of Autonomy, 2013 – 2024

 

  • Level-1
  • Level-2
  • Level-3
  • Level-4

 

Chapter 5. North America Autonomous Cars Market Size, by Type, 2013 – 2024

 

  • Internal Combustion Engine (ICE)
  • Hybrid Electric Vehicle (HEV)
  • Battery Electric Vehicle (BEV)

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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