Global Semi-Autonomous Vehicle Market by Product

 


The semi-autonomous vehicle market was valued at USD 19.13 million in 2021 and is expected to reach USD 205.49 million by 2029, registering a CAGR of 34.55% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario

Semi-Autonomous Vehicle Market Dynamics

Drivers

  • Rising demand for safety and security purposes
  • Reduced fuel consumption

 Opportunities

  • Technological advancement

Restraints/ Challenges

  • Lack of knowledge
  • High cost of vehicle

 

COVID-19 Impact on Semi-Autonomous Vehicle Market

The global economy has slowed as a result of the covid-19 outbreak. Even though new versions of this vehicle impose a major risk to the human health, semi-autonomous vehicles market is anticipated to upsurge again as trade borders are opened and regulations are eased. This pandemic has mainly hit the automobile sector. Market participants and manufacturers rely on contingency planning to tackle operations, supply chain and inventory management issues. International and domestic businesses are taking benefit of government stimulus measures to increase E.V. sales. As a result of these trends, the infrastructure for semi-autonomous vehicles anticipated to grow.

Recent Development

  • In 2020, Qualcomm Technologies, Inc. and Denso Corporation has announced their collaboration work. Here, the Qualcomm Technologies, Inc., is a subsidiary of Qualcomm Incorporated. And its goal to improve the next-generation cockpit systems.

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Global Semi-Autonomous Vehicle Market Scope

The semi-autonomous vehicle market is segmented on the basis of component, ADAS features, automation level, propulsion and application.

Component

  • Camera
  • LiDAR
  • Radar
  • Ultrasonic
  • Sensor
  • Others

ADAS Features

  • Lane Assist
  • Crash Warning System
  • Adaptive Cruise Control
  • Smart Park Assist
  • Cross Traffic Alert
  • Automatic Emergency Braking
  • Others

Automation Level

  • Level 1
  • Level 2
  • Level 3

 Propulsion

  • ICE
  • Electric

Application

  • Transportation
  • Logistics Military and Defence

Semi-Autonomous Vehicle Market Regional Analysis/Insights

The countries covered in the semi-autonomous vehicle market report are U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Switzerland, Netherlands, Russia, Turkey, Belgium, Rest of Europe, Japan, China, South Korea, India, Australia & New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, South Africa, Israel, U.A.E., Saudi Arabia, Egypt, Rest of Middle East and Africa, Brazil, Argentina and Rest of South America.

Competitive Landscape and Semi-Autonomous Vehicle Market Share Analysis

  • Mercedes-Benz Group AG (Germany)
  • Continental AG (Germany)
  • Valeo (France)
  • ZF Friedrichshafen AG (Germany)
  • Tesla (U.S.)
  • Magna International Inc (Canada)
  • Waymo LLC (U.S.)
  • BMW (Germany)
  • Texas Instruments Incorporated. (U.S.)
  • General Motors (U.S.)
  • Audi AG (Germany)
  • NXP Semiconductor (Netherlands)
  • Ford Motor Company (U.S.)
  • Volkswagen (Germany)
  • Toyota Kirloskar Motor (India)

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Research Methodology: Semi-Autonomous Vehicle Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The stage includes the obtainment of market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analyzed and estimated using market statistical and coherent models.

MAJOR TOC OF THE REPORT

Ø  Chapter One: Introduction

Ø  Chapter Two: Market Dynamics

Ø  Chapter Three: Covid 19 Impact

Ø  Chapter Four: Market Scope

Ø  Chapter Five: Regional Analysis/Insights

 

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