Japan autonomous vehicle market is
expected to grow at a rate of significant CAGR for the forecast period,
FY2023-FY2027. Autonomous vehicles enhance the passenger's experience as they
reduce the occurrence of accidents, traffic congestion, and carbon dioxide
emissions. The use of autonomous vehicles also lowers transportation costs and
travel time while maintaining fuel efficiency therefore, are highly preferred
for transportation purposes. The surge in the efforts made by the government
officials to promote the use of autonomous driving vehicles in the country in
the form of supportive policies and schemes is contributing to the market growth.
The growing old age population in the country gives up driving after a certain
age to prevent the occurrence of accidents which may happen due to weak senses.
Leading authorities are planning to demonstrate the use of technology in
autonomous vehicles to provide a better understanding and profits of availing
services of autonomous vehicles. The government is aiming to introduce
autonomous bus services so that older people can go for outings or any other
social or personal purpose, which also increases accessibility and also to
provide transportation in rural areas. The presence of market players and the
use of advanced technology in the manufacturing process as Japan is already a
high-tech country is expected to influence the demand of the Japan autonomous
vehicle market. High-end investments by the leading authorities to fuel the
production and distribution of autonomous vehicles in the country are expected
to bolster the Japan autonomous vehicle market growth for the next five years.
Japan autonomous vehicle market is
segmented into vehicle type, automation type, automation level, propulsion,
regional distribution, and company. Based on the automation level, the market
is divided into level 1, level 2, level 3, level 4, and level 5. Level 4 is
expected to witness the fastest incremental growth for the forecast period,
FY2023-FY2027. The Ministry of Economy, Trade and Industry are launching plans
to promote Level 4 autonomous driving, which is driverless driving.
The major players operating in the
Japan autonomous vehicle market are Toyota Motor
Corporation, Honda Motor Company, Ltd., Nissan Motor Co., Ltd., Isuzu Motors
Limited, UD Trucks Corporation, among others. Major companies are
developing advanced technologies and launching new services to stay competitive
in the market. Other competitive strategies include mergers & acquisitions
and new service developments.
Years considered for this report:
Historical Years: FY2017-FY2020
Base Year: FY2021
Estimated Year: FY2022
Forecast Period: FY2023–FY2027
Objective of the
Study:
- To analyze the historical growth of the market
size of Japan autonomous vehicle market from FY2017 to FY2020.
- To estimate and forecast the market size of Japan
autonomous vehicle market from FY2021 to FY2027 and growth rate until FY2027.
- To classify and forecast Japan autonomous
vehicle market based on vehicle type, automation type, automation level,
propulsion, regional distribution, and company.
- To identify dominant region or segment in the Japan
autonomous vehicle market.
- To identify drivers and challenges for Japan autonomous
vehicle market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in Japan
autonomous vehicle market.
- To identify and analyze the profile of leading
players operating in Japan autonomous vehicle market.
- To identify key sustainable strategies adopted
by market players in Japan autonomous vehicle market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of manufacturers across the country. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the manufacturers who
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufacturers, distribution channels and presence of all
major players across the country.
TechSci Research calculated the market size of Japan autonomous vehicle market using a bottom-up approach, wherein data for various end-user
segments was recorded and forecast for the future years. TechSci Research
sourced these values from the industry experts and company representatives and
externally validated through analyzing historical data of these product types
and applications for getting an appropriate, overall market size. Various
secondary sources such as company websites, news articles, press releases,
company annual reports, investor presentations and financial reports were also studied
by TechSci Research.
Key Target Audience:
- Autonomous vehicle manufacturing
companies
- Market research and
consulting firms
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums, and
alliances related to autonomous vehicle market.
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, suppliers and partners, end users, etc., besides
allowing them in strategizing investments and capitalizing on market
opportunities.
Report Scope:
In this report, Japan autonomous
vehicle market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
·
Japan Autonomous Vehicle Market, By
Vehicle Type:
- Passenger Car
- Commercial Vehicle
- Japan Autonomous Vehicle Market, By Automation
Type:
- Semi-Autonomous
- Fully Autonomous
- Japan Autonomous Vehicle Market, By Automation
Level:
- Level 1
- Level 2
- Level 3
- Level 4
- Level 5
- Japan Autonomous Vehicle Market, By Propulsion:
- Japan Autonomous Vehicle Market, By Region:
- Hokkaido & Tohoku
- Kanto
- Chubu
- Kansai
- Chugoku
- Shikoku
- Kyushu
Competitive
Landscape
Company Profiles: Detailed analysis of the major
companies present in Japan autonomous vehicle market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
Japan autonomous vehicle
market is an upcoming report to be released soon. If you wish an early delivery
of this report or want to confirm the date of release, please contact us at [email protected]