Global Self-Driving Car Market Report, published by Variant Market Research, forecast that the global market is expected to reach $20 billion by 2024; growing at a CAGR of 25.7% from 2016 to 2024. By geography, North America is expected to hold the largest position holding the major share in the global self-driving car market.

Get Full Access to This Report @ https://www.variantmarketresearch.com/report-categories/automotive/self-driving-car-market

The key factor driving the global self-driving car market is rising concern about dropping the number of accidents mainly caused by human errors. Moreover, the other factors supporting the growth of market are rising demand for smart and luxury cars worldwide, as well as increasing investments in industrial automation of the automotive industry. The absence of the compatible infrastructure for the self-driving cars would hamper the market growth. Additionally, privacy and safety issues are other major challenges for the manufacturers of self-driving car. Moreover, substantial opportunities can be forecasted due to increasing R&D investment for commercialization of autonomous cars in the self-driving car market.

Get Table of Content (TOC) @ https://www.variantmarketresearch.com/report-categories/automotive/self-driving-car-market/toc

The global self-driving car market is segmented into components and geography. Based on components, the self-driving car market comprises of software, hardware, radar, Lidar, optical cameras, and others. The software component of the market is projected to hold largest market share during the forecast period i.e. 2016-2024, owing to increasing technological advancement in software segment such as advanced-driver assistance systems to augment safety and driving process.

Based on the geographical analysis, the market is segmented into North America, Europe, Asia-Pacific, & Rest of the World. North America is anticipated to hold the largest share of the market holding about 40% of the total market share, growing at the fastest CAGR during the forecast period, due to, initial adoption and the presence of key market players in this region such as Tesla, Ford, and General Motors. However, Asia Pacific is anticipated to observe significant growth rate during the estimated period; growth is being driven by Japan, China, South Korea, and India.

Click Here to Request a Free Sample PDF of This Report @ https://www.variantmarketresearch.com/report-categories/automotive/self-driving-car-market/sample-request

The key players of the market are Audi AG, Google Inc., BMW AG, Volkswagen, Ford Motor Company, Toyota Motor Corporation, Daimler AG, Tesla Motors, Inc., Dutch Automated Vehicle Initiative (DAVI), Apple Inc., Nissan Motor Company, Baidu Inc., Volvo Group and among others

Scope of Self Driving Cars Market
Component Segments
• Hardware
• Software
• optical cameras
• Lidar
• Radar
• Other

Geographical Segments
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o France
o United Kingdom
o Spain
o Others
• Asia-Pacific
o China
o India
o Japan
o South Korea
o Others
• RoW
o South America
o Middle East
o Africa

About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
For further information, visit https://www.variantmarketresearch.com

Contact Us:
Variant Market Research
Web: https://www.variantmarketresearch.com
Tel: +1-415-680-2785
Tel: +91 20 65337795
Fax: +1-415-680-2786
Email: [email protected]
Email: [email protected]