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.
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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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