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Near autonomous passenger car market to grow at a CAGR of 38.23% from 2022 to 2027: Evolving opportunities with Amazon.com Inc., Bayerische Motoren Werke AG among others - Technavio
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NEW YORK, March 1, 2023 /PRNewswire/ -- According to the latest report on the near autonomous passenger car market, the market size is expected to grow by USD 294.81 billion from 2022 to 2027. The growth momentum of the market will accelerate at a CAGR of 38.23% during the forecast period. COVID-19 had the most negative impact on the global automotive industry in recent years, resulting in a steep fall in demand and a large-scale disruption of the supply chain. It has exerted intense pressure on an already-stressed global automotive market. Yet, there are high predictions that few countries are bringing manufacturing facilities and production back on track, indicating that the supply side is on a restoration line. For more insights on the historic (2017 to 2021) and forecast market size (2023 to 2027) - Request a sample report.
Near autonomous passenger car market 2023-2027: Vendor analysis
Amazon.com Inc., Bayerische Motoren Werke AG, Chery Automobile Co. Ltd., Chongqing Changan Automobile Co. Ltd., Ford Motor Co., Geely Auto Group, Honda Motor Co. Ltd., Hyundai Motor Co., Mazda Motor Corp., Mercedes Benz Group AG, NIO Ltd., Nissan Motor Co. Ltd., Tata Motors Ltd., Tesla Inc., Toyota Motor Corp., Volkswagen AG, and General Motors Co are among some of the major market participants.
Key vendor offerings
Amazon.com Inc. - The company offers HD maps for autonomous vehicles, such as Google HD mapping solution.
Bayerische Motoren Werke AG - The company offers near autonomous passenger cars such as the 7 Series.
Chery Automobile Co. Ltd. - The company offers near autonomous passenger cars such as Omoda 5.
Chongqing Changan Automobile Co. Ltd. - The company offers near autonomous passenger cars such as Changan Uni-T.
Ford Motor Co. - The company offers near autonomous passenger cars through Ford Autonomous Vehicles and Mobility.
Technavio's reports provide key strategic initiatives used by vendors, along with key news and the latest developments -Download a sample report
Near autonomous passenger car market 2023-2027: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The near autonomous passenger car market report covers the following areas:
What`s New for 2023?
Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession
Global competitiveness and key competitor positions
Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial
Near autonomous passenger car market 2023-2027: Segmentation
Technology
Geography
Near autonomous passenger car market 2023-2027: Key highlights
CAGR of the market during the forecast period 2023-2027
Detailed information on factors that will assist near autonomous passenger car market growth during the next five years
Estimation of the near autonomous passenger car market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the near autonomous passenger car market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of near autonomous passenger car market vendors
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Related reports
The HD map for autonomous vehicles market is estimated to grow at a CAGR of 31.48% between 2022 and 2027. The size of the market is forecasted to increase by USD 5,384.84 million. The rising adoption of cloud-based HD maps is notably driving the market growth, although factors such as high cost associated with technology may impede the market growth.
The autonomous vehicles market is estimated to grow at a CAGR of 38.45% between 2022 and 2027. The size of the market is forecasted to increase by USD 319.41 billion. The increasing focus on achieving autonomous vehicles by automotive OEMs is notably driving the market growth, although factors such as high driver distraction with an increase in vehicle automation may hinder the market growth.
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Near Autonomous Passenger Car Market Scope | |
Report Coverage | Details |
Base year | 2022 |
Historic period | 2017-2021 |
Forecast period | 2023-2027 |
Growth momentum & CAGR | Accelerate at a CAGR of 38.23% |
Market growth 2023-2027 | USD 294.81 billion |
Market structure | Fragmented |
YoY growth 2022-2023 (%) | 37.8 |
Regional analysis | North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution | North America at 38% |
Key countries | US, China, Japan, Germany, France. Canada, Mexico, Italy,Spain, Australia, and South Korea |
Competitive landscape | Leading vendors, market positioning of vendors, competitive strategies, and industry risks |
Key companies profiled | Amazon.com Inc., Bayerische Motoren Werke AG, Chery Automobile Co. Ltd., Chongqing Changan Automobile Co. Ltd., Ford Motor Co., Geely Auto Group, Honda Motor Co. Ltd., Hyundai Motor Co., Mazda Motor Corp., Mercedes Benz Group AG, NIO Ltd., Nissan Motor Co. Ltd., Tata Motors Ltd., Tesla Inc., Toyota Motor Corp., Volkswagen AG, and General Motors Co |
Market dynamics | Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview | If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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Table of Contents:
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2022
3.4 Market outlook: Forecast for 2022-2027
4 Historic Market Size
4.1 Global near autonomous passenger car market 2017 - 2021
4.2 Technology Segment Analysis 2017 - 2021
4.3 Geography Segment Analysis 2017 - 2021
4.4 Country Segment Analysis 2017 - 2021
5 Five Forces Analysis
5.1 Five forces summary
5.2 Bargaining power of buyers
5.3 Bargaining power of suppliers
5.4 Threat of new entrants
5.5 Threat of substitutes
5.6 Threat of rivalry
5.7 Market condition
6 Market Segmentation by Technology
6.1 Market segments
6.2 Comparison by Technology
6.3 ADAS level 1 - Market size and forecast 2022-2027
6.4 ADAS level 2 - Market size and forecast 2022-2027
6.5 Market opportunity by Technology
7 Customer Landscape
7.1 Customer landscape overview
8 Geographic Landscape
8.1 Geographic segmentation
8.2 Geographic comparison
8.3 North America - Market size and forecast 2022-2027
8.4 Europe - Market size and forecast 2022-2027
8.5 APAC - Market size and forecast 2022-2027
8.6 South America - Market size and forecast 2022-2027
8.7 Middle East and Africa - Market size and forecast 2022-2027
8.8 US - Market size and forecast 2022-2027
8.9 Germany - Market size and forecast 2022-2027
8.10 China - Market size and forecast 2022-2027
8.11 Japan - Market size and forecast 2022-2027
8.12 France - Market size and forecast 2022-2027
8.13 Market opportunity by geography
9 Drivers, Challenges, and Trends
9.1 Market drivers
9.2 Market challenges
9.3 Impact of drivers and challenges
9.4 Market trends
10 Vendor Landscape
10.1 Overview
10.2 Vendor landscape
10.3 Landscape disruption
10.4 Industry risks
11 Vendor Analysis
11.1 Vendors covered
11.2 Market positioning of vendors
11.3 Bayerische Motoren Werke AG
11.4 Chery Automobile Co. Ltd.
11.5 Chongqing Changan Automobile Co. Ltd.
11.6 Ford Motor Co.
11.7 Geely Auto Group
11.8 General Motors Co
11.9 Honda Motor Co. Ltd.
11.10 Hyundai Motor Co.
11.11 Mazda Motor Corp.
11.12 Mercedes Benz Group AG
11.13 Nissan Motor Co. Ltd.
11.14 Tata Motors Ltd.
11.15 Tesla Inc.
11.16 Toyota Motor Corp.
11.17 Volkswagen AG
12 Appendix
12.1 Scope of the report
12.2 Inclusions and exclusions checklist
12.3 Currency conversion rates for US$
12.4 Research methodology
12.5 List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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