The Business Research Company’s latest report Autonomous Cars Global Market Report 2020 covers Autonomous Cars market drivers, Autonomous Cars market trends, Autonomous Cars market segments, Autonomous Cars market growth rate, Autonomous Cars market major players, and Autonomous Cars market size. The report provides in-depth analysis of the impact of COVID-19 on the Autonomous Cars industry, along with revised market numbers due to the effects of the coronavirus.
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Autonomous Cars Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global autonomous cars market reached a value of nearly $818.6 billion in 2019, having increased at a compound annual growth rate (CAGR) of 12.7% since 2015. The market is expected to decline from $818.6 billion in 2019 to $772.8 billion in 2020 at a rate of -5.6%. The decline is mainly due to lockdown and social distancing norms imposed by various countries and economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 12.7% from 2021 ad reach $1,191.8 billion in 2023. The market is expected to reach $1,642.9 billion in 2025 growing at a CAGR of 17.4%, and $3,195.0 billion in 2030 growing at a CAGR of 14.2%.
The report covers the Autonomous Cars market’s segments-
1) By Product Type: Semi-Autonomous Cars, Fully-Autonomous Cars.
2) By Application: Civil, Offline Taxes, Robo-Taxes, Ride Hailing And Ride Sharing Taxes, Others.
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