The L4 Self-driving Vehicle Market report provides the overall structure and business outlook of the global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and regional growth of the leading competitors operating in the market on a global and local scale. This study provides information about the growth and revenue during the historic and forecasted period of 2021 to 2027. The structured analysis contains graphical as well as a diagrammatic representation of the global L4 Self-driving Vehicle Market with its specific geographical regions.
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“L4 Self-driving Vehicle Market was valued at USD 20.97 billion in 2020, and it is expected to reach USD 61.93 billion projecting a CAGR of 22.75%, during the forecast period”
Top leading Companies Profiled in L4 Self-driving Vehicle Market Report are GM, Waymo, Ford, Daimler(Mercedes-Benz), Geely(Volvo), Toyota, BMW, Geely(Volvo), Volkswagen Group(Audi), Honda, SAIC, Nissan, BAIC, Lifan,
Industry Recent Developments and Updates
05 Mar 2021 Honda launches self-drive car in this country, is the world’s most advanced– Honda Legend gets Level 3 autonomous driving technology.Honda Legend is claimed to be more advanced at negotiating real-world conditions than even Tesla EVs.
JUL 21 2021 Ford and Argo AI to launch self-driving cars with Lyft by the end of the year– Ford will launch an autonomous vehicle fleet with Lyft and Argo AI by the end of the year, the companies announced Wednesday. Self-driving rides with safety drivers will begin this year in Miami. The companies said they plan to expand to Austin, Texas, in 2022 and roll out about 1,000 self-driving cars in multiple markets within five years.
Apr. 08, 2021 Toyota Launches LS and Mirai Equipped with “Advanced Drive” that Enables Drivers and Cars to Drive Together in Japan– Toyota Motor Corporation (Toyota) seeks, as a mobility company, to enrich people’s lives through mobility. As a part of this effort, Toyota has positioned safety as a top-priority issue in accordance with its ultimate goal of reducing fatalities from traffic accidents to zero and is developing safety and automated driving technologies to offer unrestricted mobility to all. Toyota will review once again what true safety is for customers and what customers believe is true convenience and will link the results of its inquiries to people’s happiness
Hyundai and Aurora will develop level 4 autonomous vehicles by 2021– Today, Hyundai Motor Company and Aurora, a leader in autonomous vehicle technology, announced a strategic partnership to bring self-driving Hyundai vehicles to market by 2021.
Market Overview
North America is expected to dominate the market in the forecast period. Owing to factors like strong and established automotive company clusters and also being the home for the world’s biggest technology companies like Google, Microsoft, Apple, etc the region has been a pioneer regard to autonomous vehicles. Particularly in the United States, self-driving cars have already been tested and used in California, Texas, Arizona, Washington, Michigan, and other states of the United States. However, their mobility is currently restricted to specific test areas and driving conditions.
Various technology companies in the country are reaching new milestones in terms of total miles tested. For instance, Cruise LLC completed 2020 by doubling its figure of how far its cars can go before a safety driver needs to take over. The company reported 27 disengagements during the 770,000 miles testing in California. During testing in 2020, the human driver had to take over every 28,520 miles compared to every 12,221 miles last year.
The growth of the automotive vehicles market is attributed to the rising number of benefits offered by unmanned vehicle as compared to traditional vehicles such as reduced road-crash risk, enhanced safety and security, elimination in driver wages, secured mobility for disabled individuals and non-drivers, and increased comfort and flexibility offered by seamless operative systems.
Market Research Study Focus on these Types:
Passenger Vehicle
Commercial Vehicle
Market Research Study Focus on these Applications:
Home Use
Commercial Use
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Regional Analysis:
Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)
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Key Takeaways from L4 Self-driving Vehicle Report
─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals
─Understand the different dynamics influencing the L4 Self-driving Vehicle market – key driving factors, challenges and hidden opportunities.
─Get in-depth insights on your competitor performance – L4 Self-driving Vehicle market shares, strategies, financial benchmarking, product benchmarking, SWOT and more
─Analyze the sales and distribution channels across key geographies to improve top-line revenues.
─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.
─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the L4 Self-driving Vehicle
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In conclusion, the L4 Self-driving Vehicle market report presents the descriptive analysis of the parent market supported elite players, present, past and artistic movement information which is able to function as a profitable guide for all the L4 Self-driving Vehicle Industry business competitors. Our expert research analyst’s team has been trained to provide in-depth market research reports from every individual sector which will be helpful to understand the industry data in the most precise way.
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