Europe Autonomous Vehicle Market Growth Scenario, Trends, Competitive Analysis and Forecasts to 2029


Posted January 27, 2023 by pranit10

Europe Autonomous Vehicle Market is expected to reach US$ 150.80 Bn by 2027, at a CAGR of 20.9% during the forecast period.

 
Europe Autonomous Vehicle Market Overview:

Governments all over the world are figuring out how to bring about the anticipated public benefits of AVs. These include the potential for increased traffic safety, effective public transportation, and cleaner, greener cities. Our analysis reflects the report's analysis of the revenue impact of the COVID-19 pandemic on the sales revenue of market leaders, market followers, and disruptors.

Human error is to blame for at least nine out of ten accidents, which resulted in 1.35 million fatalities on the roads in 2019. By switching to AVs, we can significantly lower the number of fatalities caused by vehicles.

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Market Scope:

The study includes a PESTLE analysis to assess the market's leading competitors' strengths and weaknesses. To predict the market and give investors professional insights to keep them up to speed on market developments, the research thoroughly investigates the Europe Autonomous Vehicle Market size, share, trends, total earnings, gross revenue, and profit margin.

The report also provides company biographies, product photos and specifications, capacity, production, price, cost, revenue, and contact information for the Europe Autonomous Vehicle market's major industry players. This study investigates market trends, volume, and value on a global, regional, and company level. This report analyses the whole Europe Autonomous Vehicle Market Size from a global perspective, analysing historical data and creating estimates.

Segmentation:

The UK government ranks first on the new data sharing sub-pillar and second on the policy & legislation pillar due to its innovative use of AV deployment. The Automated and Electric Vehicles Act, which adapts the current motor insurance framework by extending mandatory insurance to AVs as well as the driver, was passed by the UK Parliament in August 2018. The government supported three public trials in 2021, including autonomous vehicles (AV) crossing the Forth Bridge in Scotland and self-driving taxis in London, which were announced in November. Additionally, the UK Parliament published a thorough report in December 2018 outlining their proactive strategy for pursuing MaaS benefits.

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Key Players:

Primary and secondary research identifies important market participants, whereas primary and secondary research calculates market revenues. In-depth interviews with important thought leaders and industry professionals, such as experienced front-line staff, CEOs, and marketing executives, were conducted as part of the core research. Primary research comprised in-depth interviews with key thought leaders and industry professionals, such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers' annual and financial reports. Secondary data is used to compute percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then compared to original data. The following are a few companies working in the Europe Autonomous Vehicle industry.

Ford Motor
Tesla
Alphabet
Intel
Daimler Group
Google
Volkswagen
Baidu
Jaguar
General Motors
BMW
Toyota
Fiat-Chrysler Automobiles N.V.
Aptiv PLC
Continental AG
Regional Analysis:

The Europe Autonomous Vehicle research focuses on geographical analysis, which is further separated by sub-regions and nations. Profit projections and market share statistics for each country are included in this section of the research. This portion of the research examines the share and growth rate of each area and nation throughout the anticipated time period.

The report provides a precise PESTEL analysis for all five regions, including North America, Europe, Asia Pacific, the Middle East, Africa, and South America, after considering political, economic, social, and technical issues affecting the Europe Autonomous Vehicle market in various sectors.

COVID-19 Impact Analysis on Europe Autonomous Vehicle Market:

As a result of the COVID-19 outbreak, customer behaviour has changed in many spheres of society. In contrast, industries will need to adjust their strategy to account for shifting market supply. This study will assist you in expanding your business in compliance with the new industry standards by providing an overview of the COVID-19's impact on the Europe Autonomous Vehicle market.

The Europe Autonomous Vehicle Market Report presents 360-degree study under the COVID-19 Influence area, spanning from the flexible supply chain and import constraints to provincial government regulations and the firm's future impact. Primary market research (2021-2027), examples of venture rivalry, advantages and disadvantages of major firm streams, and industry growth trends (2021-2027) have all been provided.

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Last Updated January 27, 2023