Europe Semi & Fully Autonomous Vehicle Market to Surpass $ 16 Billion by 2030
Growing focus of governments
to boost autonomous vehicle industry coupled with increasing R&D in
self-driving concept to drive Europe semi & fully autonomous vehicle market
through 2030
According
to TechSci Research report, “Europe
Semi & Fully Autonomous Vehicle Market By Automation Level, By
Component, By Vehicle Type, By Country, Competition Forecast &
Opportunities, 2016-2030”, Europe
semi & fully autonomous vehicles market is projected to cross $ 16 billion by
2030 on account of growing consumer acceptance towards autonomous vehicles and
rising inclination towards safe & secure driving. Moreover, increasing
government support to the concept of autonomous vehicles is further fueling
growth in Europe semi & fully autonomous vehicles market. Additionally, several
car manufacturers as well as technology giants are expanding their research and
development activities to develop more efficient and safer autonomous vehicles,
which is further expected to buoy the autonomous vehicles market across Europe over
the next five years.
Browse 32
market data Tables and 36 Figures spread through 91 Pages and an
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On the
basis of automation level Europe semi & fully autonomous vehicles market is
segmented into L0, L1, L2, L3 and L4/L5. Vehicles enabled with Level-1 or
function specific automation dominated the market with a majority volume share in
2016, followed by the L0 and L2 segments. Among component types, embedded systems
segment dominates Europe semi & fully autonomous vehicle market owing to high
level of security in semi-autonomous cars. A large demand for autonomous
vehicles emanates from Germany as the country is one of the leading automobile
manufacturers and is well versed in automotive technological innovations.
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“Europe
is witnessing an increase in research and development projects in autonomous
vehicles by several automobile and technology giants. Moreover, with favorable
government policies and growing preferences among people towards autonomous
vehicles, the market is expected to continue growing in the coming years. Autonomous vehicles are much safer than the conventional
automobiles and help curb the rising cases of road accidents across the region.”
said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“Europe Semi
& Fully Autonomous Vehicle Market By Automation Level, By Component, By
Vehicle Type, By Country, Competition Forecast & Opportunities, 2016-2030” has analyzed the potential of autonomous vehicle market
across the region, and provides statistics and information on market sizes,
shares and trends. The report will suffice in providing the intending clients
with cutting-edge market intelligence and help them in taking sound investment
decisions. Besides, the report also identifies and analyzes emerging trends
along with essential drivers and key challenges faced by Europe
semi & fully autonomous vehicle market.
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