The latest research report on the Asia-Pacific Self-driving Car Market provides valuable insights into the market’s growth opportunities and trends until 2032. The report thoroughly analyzes the driving factors and restraints of the market, utilizing both qualitative and quantitative methodologies. It offers a comprehensive overview of the market landscape, enabling businesses to make informed decisions about their growth strategies and potential areas of expansion. The report also provides a detailed analysis of the market by application and type, providing reliable information for readers and users. This report is useful for businesses of all sizes in defining their commerce strategies, presenting statistical data in a simplified manner.
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The Asia-Pacific self-driving car market is expected to expand at a CAGR of 58.7%, leading to global revenue of USD 44.69 Billion by 2024.
The key players in the Asia-Pacific self-driving market are Apple, Microsoft, Toyota, Volvo and General Motors
A self-driving car also known as the driverless car or an autonomous car or robotic car uses a combination of, cameras, radars sensor, GPS system and artificial intelligence (AI) to travel between destinations without the need of any human drivers. To quantify self-driving cars must be able to drive to a predetermined destination without human conduction. It is expected that the self-driving car would reduce car crash by 90%.
Asia-Pacific self-driving market is further segmented based on applications, automation, and technological components. The segment applications are also categorized into personal use and commercial use. Initially, self-driving cars will be owned personally. However, over-ime many auto-manufacturers, automotive technology providers and ride sharing providers are working to offer self-driving taxi. For example, Yandex Taxi has introduced two self-driving cabs in the Russian city of Innopolis which has a population of 300.
Based on automation, the self-driving automation levels are categorized into semi-autonomous, and fully autonomous. Semi-autonomous cars are dominating the automation segment. However, car-manufacturers targets to introduce full autonomous cars by 2020. By 2017, 29 Mn new cars were sold in China and it is expected to reach 37 Mn by 2025. It is forecasted that approximately 25% of new cars manufactured would be level 2 and level 3 by 2025.
The self-driving car Market segment based on various technological components that are used in autonomous cars like radar, lidar, automotive vehicle camera, ultrasonic sensor and GPS navigation system. Since the region is highly prone to traffic crash, radar-based driver assistance system is already deployed in the car for safety purpose. Singapore is the first country in APAC (Asia-Pacific) to adopt 79 GHz band for the short-range radar (2007).
Based on the countries, the self-driving cars market is segmented into China, Japan, India, South Korea and the rest of the APAC (Asia-Pacific) market. Japan and China will lead the deployment of self-driving cars. China is forecasted to be the biggest market of self-market because most of the vehicles owners are very enthusiastic to drive a self-driving car.
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Key growth factors
The region has safety concerns. Approximately, an average of 645,000 road accidents takes place every year. 90% of road accidents are because of human error. Self-driving or autonomous car will act as a driving factor to minimize accidents and improve vehicle safety.
Autonomous cars have gained enough hype in Asia-Pacific. Large tech companies like Alibaba, Baidu, Didi Chuxing and Softbank are investing on the self-driving cars in the hope to capitalize shortly.
Threats and key players
Factor that may restrain the adoption of self-driving cars are regulation and lack of safety standard on autonomous cars.
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys & Opportunity Outlook
Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook
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A report on the “Asia-Pacific Self-driving Car market” would typically encompass various aspects related to this market, providing a comprehensive analysis and insights for stakeholders. Below are some key areas that are likely to be covered in such a report:
- Introduction to the Asia-Pacific Self-driving Car market.
- Definition and classification of Asia-Pacific Self-driving Car.
- Market size and growth potential.
- Historical and forecasted market trends.
- Segmentation by product type
- Segmentation by application
- Geographical segmentation (regional and global markets).
- Drivers and challenges affecting the Asia-Pacific Self-driving Car market.
- Market opportunities and growth factors.
- Regulatory and environmental factors influencing the market.
- Analysis of key market players and their market share.
- Company profiles, including product portfolios and strategies.
- SWOT analysis for major industry players.
Market Trends and Innovations:
- Emerging trends in Asia-Pacific Self-driving Car technology.
- Innovations, such as improved battery efficiency and durability.
- Sustainable and eco-friendly battery solutions.
Market Demand Analysis:
- Factors influencing consumer demand.
- Usage patterns and preferences of outdoor enthusiasts and consumers.
- Consumer demographics and target markets.
- Pricing strategies and trends in the Asia-Pacific Self-driving Car market.
- Price comparison among different product types and brands.
- Analysis of the distribution network and sales channels.
- Retail, e-commerce, and other distribution methods.
- Real-world examples of successful Asia-Pacific Self-driving Car applications.
- Case studies of notable projects or products.
- Short-term and long-term market projections.
- Growth prospects and potential market size.
- Strategies adopted by companies to gain a competitive edge.
- Mergers and acquisitions, partnerships, and collaborations in the market.
- Analysis of the Asia-Pacific Self-driving Car market in different regions.
- Regional market dynamics and trends.
- Potential investment opportunities in the market.
- Risks and returns associated with market investments.
- Obstacles faced by industry players.
- Technological, economic, and regulatory challenges.
- Key insights into the future of the Asia-Pacific Self-driving Car market.
- Predictions and recommendations for market participants.
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