An autonomous vehicle (AV) is a self-driven automobile that can perform necessary functions by sensing and responding to external conditions and surroundings without any human intervention. It consists of advanced sensor technology, smart control systems, advanced driver assistance system (ADAS), complex algorithm processors and actuators to gain information and perform tasks, such as steering, braking, and acceleration. Compared to human-driven vehicles, AVs offer increased safety on the road, minimize human errors and can be driven by individuals with physical disabilities.
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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Autonomous Vehicle Market 2021-2026 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
AB Volvo, AUDI Aktiengesellschaft (Volkswagen Group), Bayerische Motoren Werke AG, Daimler AG, Ford Motor Company, General Motors, Tesla Inc., Toyota Motor Corporation, Uber Technologies Inc. and Waymo LLC (Alphabet Inc.).
The report has segmented the market on the basis of Component, Type, Level of Automation, Application and Region.
Breakup by Component:
- Hardware
- Software and Services
Market Breakup by Level of Automation:
- Level 3
- Level 4
- Level 5
Market Breakup by Application:
- Transportation and Logistics
- Military and Defense
Market Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
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