Global Autonomous Car Technology Market Poised to Grow over 10% through 2035
Expected increase in the regulations coupled with anticipated fall in
prices to drive global autonomous car technology market through 2035
According to recently released
TechSci Research report, “Global Autonomous Car Technology Market Forecast and
Opportunities, 2035 – ADAS, Semi-Autonomous and Fully-Autonomous”,
global autonomous car technology market is forecast to witness a CAGR of over
10% through 2035. Growth in the market is anticipated on account of expected
increase in regulations mandating integration of autonomous technology in cars,
and the anticipated fall in prices due to mass production over the next twenty
years. In addition, use of autonomous car technology will result in reduction
of collisions and RTAs over time, which would be another factor encouraging
adoption of autonomous car technology across the world.
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Despite its miniscule share in global
autonomous car technology market in 2015, the semi-autonomous car technology
segment is forecast to witness fastest growth during 2015-25. Rapid growth in
this segment is expected on account of anticipated increase in adoption of the
technology, coupled with expected decline in price which will drive volume
sales of semi-autonomous cars during the next ten years. On the contrary,
during 2025-35, fully-autonomous car technology is anticipated to witness
fastest growth on account of increase in volume production and consumption,
globally.
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“Backed by increasing number of laws
and regulations pertaining to autonomous technologies of various levels,
regions like North America and Europe have emerged as the most prominent
markets for autonomous car technologies. North America is anticipated to be the
largest market for autonomous technologies in 2015, followed by Europe.
However, during 2025-35, Asia-Pacific and MENA are anticipated to exhibit
robust growth and are expected to collectively account for the largest share in
the market in 2035.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
“Global Autonomous Car Technology Market Forecast and
Opportunities, 2035 – ADAS, Semi-Autonomous and Fully–Autonomous” has
evaluated the future growth potential of autonomous car technology market and
provides statistics and information on market structure, region-wise
segmentation and industry behavior. The report includes autonomous car
technology market projections and demand forecasting. The report is intended to
provide cutting-edge market intelligence and help decision makers to take sound
investment evaluation. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges and opportunities
existing and expected in global autonomous car technology market.
About TechSci Research :
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