According to a market report by Lucintel, the future of the autonomous car market looks promising with opportunities in the passenger cars, light commercial vehicle, and electric vehicles markets. The autonomous car market is expected to grow with a CAGR of 47% from 2019 to 2024. The major drivers for this market are the significantly growing number of accidents, supportive government initiatives and policies for the self-driving technology, high investment in R&D activities for the development of self-driving technology, and development of road and telecom infrastructure.
In this market, passenger cars, light commercial vehicle, and electric vehicles are the major end use markets. Passenger car is the largest end use segment.
Within the autonomous car market, radar, ultrasonic, Lidar, and image are the major technology segment. Radar is the largest technology segment for autonomous cars.
North America will remain the largest region over the forecast period as the market witnesses a healthy demand for driverless cars.
Audi, BMW, Ford Motor Company, General Motors Company, Nissan Motor Company, Tesla Motors, Volvo Group, Toyota Motor Corporation, and Waymo are among the major manufacturers of autonomous cars.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the autonomous cars market by level of automation, by component, by fuel type, by end use, and by region. Lucintel has prepared a comprehensive research report titled " Autonomous Car Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the autonomous car market by level of automation, by component, by fuel type, by end use, and by region as follows:
By Level of Automation [$M shipment analysis for 2013 – 2024]
• Level 1
• Level 2
• Level 3
• Level 4
• Level 5
By Component [$M shipment analysis for 2013 – 2024]
• Radar
• Ultrasonic
• Lidar
• Image
• Others
By Fuel Type [$M shipment analysis for 2013 – 2024]
• Internal Combustion Engine Vehicles (ICE)
• Hybrid Electric Vehicle (HEV)
• Battery Electric Vehicle (BEV)
By End Use [$M shipment analysis for 2013 – 2024]
• Passenger Car
o Small cars
o Compact cars
o Mid-Sized cars
o Luxury cars
o SUVs & Crossovers
• Light Commercial Vehicle
• Electric Vehicle
By Region [$M shipment analysis for 2013 – 2024]
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o Russia
o France
o United Kingdom
o Italy
• Asia Pacific
o China
o Japan
o India
o South Korea
o Indonesia
• The Rest of the World
o Brazil
o Turkey

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at [email protected].

About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the autonomous cars market by level of automation (Level 1, Level 2, Level 3, Level 4, and Level 5), by component (radar, ultrasonic, Lidar, image, and others), by fuel type (internal combustion engine (ICE), hybrid electric vehicle (HEV), and battery electric vehicle (BEV), by end use (small car, compact car, mid-size car, large car, suvs & crossovers, light commercial vehicles, and electric vehicles), and by region (North America, Europe, Asia Pacific, and Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the autonomous cars market?
Q.5 What are the business risks and threats to the autonomous cars market?
Q.6 What are emerging trends in this autonomous cars market and the reasons behind them?
Q.7 What are some changing demands of customers in the autonomous cars market?
Q.8 What are the new developments in the autonomous cars market? Which companies are leading these developments?
Q.9 Who are the major players in this autonomous cars market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this autonomous cars area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this autonomous cars market?