DUBLIN--(BUSINESS WIRE)--May 14, 2018--The "Global Autonomous/Driverless Cars Market - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global autonomous/driverless market is expected to grow at a CAGR of 36.2% during the forecast period.

The study, besides estimating the autonomous cars market potential between 2018 and 2023, analyzes on who can be the market leaders and what partnerships would help them to capture the market share. The report gives an overview of the dynamics of the market, by discussing various aspects such as drivers, restraints, Porter's five forces, value-chain, customer acceptance and investment scenario.

The study in brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized. It approximates the time for innovation, in order for the industry to maintain a stable growth over a sustained period. The report also details the potential for various applications, discussing the recent product innovations and gives an overview on potential regional market shares.

Although Level 4 and Level 5 (as scaled by SAE) autonomous cars are unlikely to reach wide acceptance by 2025, there would be a rapid growth for Level 2 and Level 3 autonomous cars which have advanced driver assistance systems like collision detection, lane departure warning, and adaptive cruise control. Although the technology for manufacturing the autonomous cars is readily available, the concerns about liability and legislation are going to constrain the market. Countermeasures like built-in backup systems and the option to take over the car whenever the driver wishes are the things that need to be considered in order to capture the market.

Key Developments in the Market

January 2018: Waymo strikes deal to buy thousands of self-driving minivans from Fiat Chrysler. January 2018: GM started testing autonomous technology on Cadillac cars in Israel. December 2017: Ford patents autonomous police car to hand out tickets.

Major Players

Microsoft Apple Cisco IBM

Other Players

Uber Mercedes-Benz Google Toyota Nissan Volvo General Motors Volkswagen Tesla BMW

Key Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Overview and Trends

5. Market Dynamics

6. Autonomous Vehicle Market, Segmentation by Type

7. Key Vendor Analysis

8. Future Outlook of the Market

For more information about this report visit https://www.researchandmarkets.com/research/kmzkwq/global?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180514005892/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Automotive,Cars,Internet of Things and M2M

KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE GENERAL AUTOMOTIVE

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 05/14/2018 10:52 AM/DISC: 05/14/2018 10:52 AM

http://www.businesswire.com/news/home/20180514005892/en