North America Self-Driving Cars Market Size and Growth Rate:
As per the recent report published by Research Cosmos, the size of the North America Self-Driving Cars Market was valued at USD XX Billion in 2018 and is predicted to grow at a CAGR 50.80% to reach USD 49.8 Billion by the end of 2024.
Growth Drivers:
- Partially autonomous vehicles are already present in this region, promising a wave of efficiency that will transform the transportation industry
- The contribution of North America region towards autonomous vehicles has been boosted by the presence of different technology hubs along the West Coast of the U.S. Uber and Tesla are companies which have made headlines for both successes and failures. The U.S. has been leading the pack in its bid to get fully autonomous vehicles on the road as soon as possible
- The number of car-sharing customers in North America has increased 30% annually over the last five years. This provides a strong indication of the success of self-driving cars in the region as these cars are planned for use in car-hailing or sharing services
- Arizona and California have recently given permission for fully autonomous vehicles to be tested without any human supervisors behind the wheel
Trends and Recent Developments in the North America Self-Driving Car Market:
- California has been the testing ground for autonomous vehicles in North America. Waymo is testing its autonomous vehicle in the California region and has driven around 2.3 million miles. General Motors and Ford are also testing their vehicles in this region
- IBM autonomous cars are set to self-diagnose repairs and also communicate with other vehicles, while managing their internal environment. This is set for a launch by 2025
- For its self-riding car-sharing service, General Motors plans to bring down the per-mile cost to below USD 1 by 2025
Challenges:
- Unlike the European region, North America lacks consensus on the regulations for autonomous vehicles. This results in a patchwork of different approaches across various states
- It is necessary for the government to pass or formulate laws in favour of autonomous vehicles
- Very few cities in this region are allowed to test autonomous cars on the road, making it difficult for car manufacturers to launch their cars
North America Self-Driving Cars Market Key Players:
- Toyota
- BMW
- Volvo
- Mercedes-Benz
- Audi
- 10 plus More Key Players
Detailed Segmentation study of the North America Self-Driving Cars Market:
North America Self-Driving Cars Market – By Applications:
- Personal use
- Commercial use
North America Self-Driving Cars Market – By Automation:
- Semi-autonomous
- Fully-autonomous
North America Self-Driving Cars Market – By Technological components:
- Radar
- Lidar
- Automotive vehicle camera
- Ultrasonic sensor
- GPS navigation system
North America Self-Driving Cars Market – By Geography:
North American Self-Driving Car Market report is part of Research Cosmos’ ICT Industry Series.
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Table of Content:
- Introduction
- Research Methodology
- Analysis Design
- Research Phases
- Secondary Research
- Primary Research
- Expert Validation
- Study Timeline
- Overview
- Executive Summary
- Key Inferences
- New Developments
- Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
- North America Self-Driving Car Market Drivers
- North America Self-Driving Car Market Restraints
- Key Challenges
- Current Opportunities in the North America Self-Driving Car Market
- North America Self-Driving Car Market Segmentation
- By Product
- Salted Peanut Butter
- Sweet Peanut Butter
- Software North America Self-Driving Car Market Estimates & Forecasts, by Function, 2018-2024
- Year on Year Growth Rates, by Type, 2018-2024
- North America Self-Driving Car Market Attractiveness Index, by Function, 2018-2024
- By Application
- Physical Store
- Online Store
- North America Self-Driving Car Market Estimates & Forecasts, by Function, 2018-2024
- Year on Year Growth Rates, by Type, 2018-2024
- North America Self-Driving Car Market Attractiveness Index, by Function, 2018-2024
- Geographical Analysis
- North America Self-Driving Car Market
- Introduction
- United States
- Canada
- Mexico
- Strategic Analysis
- PESTLE analysis
- Political
- Economic
- Social
- Technological
- Legal
- Environmental
- Porter’s Five analysis
- Bargaining Power of Suppliers
- Bargaining Power of Consumers
- Threat of New Entrants
- Threat of Substitute Products and Services
- Competitive Rivalry within the Industry
- Supply Chain Analysis
- Raw Material Suppliers
- Manufacturers/Producers
- Distributors/Retailers/Wholesalers/E-Commerce
- End Users
- North America Self-Driving Car Market Leaders' Analysis
- Toyota
- Overview
- Product Analysis
- Strategic Evaluation and Operations
- Financial analysis
- Legal issues
- Recent Developments
- SWOT analysis
- Analyst View
- BMW
- Volvo
- Mercedes-Benz
- Audi
- Company A
- Company B
- Company C
- Company D
- Company E
- Competitive Landscape
- North America Self-Driving Car Market share analysis
- Merger and Acquisition Analysis
- Agreements, collaborations and Joint Ventures
- New Product Launches
- Expert Opinions
- North America Self-Driving Car Market Outlook
- Investment Opportunities
- Appendix
- List of Tables
- List of Figures
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