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
in-depth TOC on "Europe Semi & Fully
Autonomous Vehicle Market"
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Based
on 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.
“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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