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North America Autonomous Cars Market Size to Surpass 12 million units by 2024

Author : Ronak Bora | Published Date : 2020-10-14 

The market analysis on North America Autonomous Cars Market offers a holistic view on the overall industry with all required details regarding its overall foothold in the global ecosystem along with its applications in vivid end-user sectors.

According to the given report, North America autonomous cars industry in 2017 was assessed to be over 4 million units and is projected to grow at a CAGR of 12% over the forecast period 2019-2024. It includes important information on the current market situation, evolving technologies, robust competitive landscape, industry strategies, future growth opportunities, and market segmentations.

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Moreover, the report also delivers a summary of vivid factors that are expected to drive the overall industry along with including information of the ongoing trends touted to propel the market in the upcoming years. As per the report, the North America autonomous cars market has been fragmented into various segments spanning Level of Autonomy, type, regional, and competitive landscape.

The level 1 autonomous cars market is forecasted to grow due to the integration of the advanced driving assistance and safety systems into passenger cars. Also, the increasing vehicle safety concerns and governmental regulations for vehicle safety across the globe supports the market growth. On the other hand, advancement in autonomous technology is expected to grow the level 2 autonomous cars market. The advancement includes integration of artificial intelligence, GPS, and advanced electronic sensors such as radar, LiDAR, and ultrasonic sensors. These advancements in autonomous technology promote the market growth.

The overall North American autonomous cars market has been diversified into different regions and geographies and its foolproof analysis has been drafted in the given research report. More so, it also consists of elaborative details on the factors promoting the growth of these regional market over the mentioned time frame, along with addressing the growth opportunities for myriad market players, technologies being massively used across these regions, stringent and favorable governmental reforms, and others.

The North America autonomous cars market is forecasted to increase by rising investment in the auto technology. The self-driving vehicle industry is promising the parties involved in the manufacturing and distribution to get huge profits and lucrative returns on investment. This is encouraging the VC investors and corporations to invest in autonomous technology to secure their future. The investment in the technology brings new opportunity in the development of self-driving car.

The autonomous cars market in North America boasts of the presence of top-notch companies that are operating this terrain and their individual market shares, company profiles, individual positions, accomplishments, and stance in the global ecosystem have been briefly cited in the study.

Some of the vendors operating in North America autonomous cars market are 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. 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.

[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)

Browse key industry insights along with Full TOC @ https://www.graphicalresearch.com/table-of-content/1198/north-america-autonomous-cars-market

About Graphical Research:

Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle.

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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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