Press Release

North America Semi & Fully Autonomous Vehicle Market to Surpass $ 26 Billion by 2030

Increasing focus of government on development of autonomous vehicle industry coupled with rising need for vehicle safety to drive North America Semi & fully autonomous vehicle market through 2023

According to TechSci Research report, North America Semi & Fully Autonomous Vehicle Market By Automation Level, By Component, By Vehicle Type, By Country, Competition Forecast & Opportunities, 2016-2030, North America semi & fully autonomous vehicle market is projected to cross $ 26 billion by 2030 on account of growing government support towards the concept of autonomous vehicles coupled with rising need for safer vehicles across the region. Changing consumer preference towards autonomous vehicles and their growing acceptance is further aiding the growth of the autonomous vehicles market across the region. Furthermore, North America semi & fully autonomous vehicles market is anticipated to grow at a robust pace over the next five years backed by consistently growing demand for technologically advanced and safer autonomous vehicles.

Browse 24 market data Tables and 31 Figures spread through 81 Pages and an in-depth TOC on "North America Semi & Fully Autonomous Vehicle Market"

https://www.techsciresearch.com/report/north-america-semi-and-fully-autonomous-vehicle-market/3588.html

 

Level-1 or function specific automation vehicles held the majority share in North semi & fully autonomous vehicle market in 2016, followed by L2 and L0 segments. The L1 segment is anticipated to maintain its dominance during forecast period as well. Among components, embedded systems dominate semi & fully autonomous market across North America, due to advanced security provided by these systems. On the basis of vehicle type, North semi & fully autonomous vehicle market is categorized into passenger cars and commercial vehicles, of which, the former accounts for major chunk of the market and is expected to lead during forecast period as well on the back of growing demand for transportation across North America.

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“Several automobile manufacturers as well as technology giants are continuously expanding their research and developments to develop more efficient and safer autonomous vehicles, which is anticipated to push demand for semi & fully autonomous vehicles across North America through 2023. Moreover, rising use of autonomous vehicles in agriculture along with increasing penetration of commercial autonomous vehicles is further likely to positively influence North America semi & fully autonomous vehicle market in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

North America Semi & Fully Autonomous Vehicle Market By Automation Level, By Component, By Vehicle Type, By Country, Competition Forecast & Opportunities, 2016-2030 has analyzed the potential of autonomous vehicle market across the region, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by North America semi & fully autonomous vehicle market.


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TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

 

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North America Semi & Fully Autonomous Vehicle Market By Automation Level (L0, L1, L2, L3, L4, L5), By Component (Embedded System, Camera, others), By Vehicle Type (Passenger Car, Commercial Vehicle), Competition, Forecast & Opportunities

Automotive | Nov, 2023

The major drivers for the North America Semi & Fully Autonomous Vehicle Market include technological advancements, safety improvements, consumer demand for enhanced mobility options, and a competitive landscape with active involvement from automotive and tech giants. These factors are propelling the growth of autonomous vehicles in the North American market.

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