Global Autonomous Vehicle Market for Luxury Segment

Posted by pallavi on April 19th, 2021

Global Autonomous Vehicle Market for Luxury Segment is expected to reach 125,150 Units by 2019 from 27806 Units in 2027 at CAGR of 28.49%.

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Global Autonomous Vehicle Market for Luxury Segment is segmented by body type, fuel type, component, end user, and geography. Body type is classified as sedan/hatchback and SUV. Fuel is divided into Battery Electric Vehicle (BEV), Hybrid (HEV & PHEV), Internal Combustion Engine (ICE) Vehicle, Fuel Cell Electric Vehicle (FCEV). The component type is classified into Biometric Sensors, Radar Sensors, LiDAR Sensors, Ultrasonic Sensors, and Camera Unit. End users are splits into Car Sharing and Personal Mobility.

Based on the body type, SUV is projected to be the fastest growing segment of the autonomous luxury vehicle market, by body type. Continuously growing sales of luxury SUVs will drive the market growth of this segment. And, the continuous increase in the preference for SUVs and off-road driving practices are expected to contribute to the growth of the autonomous SUV vehicle market.

On the basis of fuel type, BEV is dominating autonomous luxury vehicle market, by fuel type. Research and development for an innovative battery source, OEM initiatives, favorable government regulations, and zero emission advantage would drive the growth of BEV autonomous luxury vehicles.

Increasing awareness of safe, productive and efficient driving experience is trending the overall Autonomous Vehicle Market. Automakers are aggressively focusing on autonomous vehicles to satisfy customer demand, to remain competitive & to improve their product portfolio. The autonomous vehicles or driverless vehicles are those which can drive themselves without any human intervention, employing inbuilt software, sensors, and communication systems. The driving capability of the autonomous vehicles differs on the basis of automation levels.

In terms of region, Autonomous Vehicle Market for Luxury is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is projected to dominate the autonomous luxury vehicle market, by volume, in 2025. The biggest customer base and high disposable income of end-users in the region have fuelled the demand for high-end vehicles, which in turn has resulted in increasing R&D innovations by local and international automotive OEMs. Sustainable government regulations, increasing demand for luxury vehicles, rising purchasing power, and concerns of the rising number of road accidents are the key factors that will drive the autonomous luxury vehicle market in this region.

Key players operating on the market are, Audi , BMW, Daimler, Porsche, NIO, Tesla, Changan Automobile, BYD, Baidu, Saic Motor Corporation, Waymo, Baic Motor, Continental, Robert Bosch, Delphi Automotive, Denso, NXP Semiconductors, Infineon Technologies, Texas Instruments, Valeo, Magna International, ZF Friedrichshafen, Renesas Electronics, Cisco Systems.

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The Scope of the Global Autonomous Vehicle Market for Luxury Segment: Inquire before buying

Global Autonomous Vehicle Market for Luxury Segment, by Body Type:

• Sedan/Hatchback
• SUV
Global Autonomous Vehicle Market for Luxury Segment, by Fuel Type:

• Battery Electric Vehicle (BEV)
• Hybrid (HEV & PHEV)
• Internal Combustion Engine (ICE) Vehicle
• Fuel Cell Electric Vehicle (FCEV)
Global Autonomous Vehicle Market for Luxury Segment, by Component Type:

• Biometric Sensors
• Radar Sensors
• LiDAR Sensors
• Ultrasonic Sensors
• Camera Unit
Global Autonomous Vehicle Market for Luxury Segment, by End User:

• Car Sharing
• Personal Mobility
Global Autonomous Vehicle Market for Luxury Segment, by Geography:

• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key Players in the Global Autonomous Vehicle Market for Luxury Segment Are:

• Audi
• BMW
• Daimler
• Porsche
• NIO
• Tesla
• Changan Automobile
• BYD
• Baidu
• Saic Motor Corporation
• Waymo
• Baic Motor
• Continental
• Robert Bosch
• Delphi Automotive
• Denso
• NXP Semiconductors
• Infineon Technologies
• Texas Instruments
• Valeo
• Magna International
• ZF Friedrichshafen
• Renesas Electronics
• Cisco Systems

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