Autonomous Vehicles Market to Reach 5.64 Million Units by 2024, Alphabet Inc. and BMW AG Emerge as Key Contributors to Growth | Technavio

The autonomous vehicles market is expected to grow by 5.64 million units during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the autonomous vehicles market in optimistic, probable, and pessimistic forecast scenarios.

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Technavio has announced its latest market research report titled Global Autonomous Vehicles Market 2020-2024 (Graphic: Business Wire)

Enterprises will go through Response, Recovery and Renew phases. Download a Free Sample Report on COVID-19

The autonomous vehicles market will witness Negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to Decrease as compared to 2019.

With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery and renew phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 and crisis towards the Next Normal.

This post-pandemic business planning research will aid clients to:

• Adjust their strategic planning to move ahead once business stability kicks in.
• Build Resilience by making effective resource and investment choices for individual business units, products and service lines.
• Conceptualize scenario-based planning to mitigate future crisis situations.

Download the Post-Pandemic Business Planning Structure. Click here

Key Considerations for Market Forecast:

• Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
• Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
• Pre- as well as post-COVID-19 market estimates
• Quarterly impact analysis and updates on market estimates

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Major Three Autonomous Vehicles Market Participants:

Alphabet Inc.

Alphabet Inc. operates its business under Google and other bets segments. The company offers Waymo One, a self-driving ride hailing service.

BMW AG

BMW AG operates its business under four segments, which include automotive, motorcycles, financial services, and other entities. The company offers the BMW Personal CoPilot Technology for autonomous driving.

Daimler AG

Daimler AG operates its business under various segments such as Mercedes-Benz cars, Daimler trucks, Mercedes-Benz vans, Daimler buses, and Daimler mobility. The company offers a line of technologies such as Software-Defined computing architecture, DRIVE PILOT, and SaFAD among others to implement automated driving.

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technvaio.com/report/autonomous-vehicles-market-industry-analysis

Autonomous Vehicles Market 2020-2024: Segmentation

Autonomous vehicles market is segmented as below:

• Type
  • Passenger Cars
  • Commercial Vehicles
• Geography
  • North America
  • Europe
  • APAC
  • South America
  • MEA

The autonomous vehicles market is driven by the increasing demand for autonomy of vehicles. In addition, other factors such as the development of autonomous vehicles for cab and parcel delivery services are expected to trigger the autonomous vehicles market toward witnessing a CAGR of over 21% during the forecast period.

Get more insights about the global trends impacting the future of autonomous vehicles market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR45175

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

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View source version on businesswire.com: https://www.businesswire.com/news/home/20201028005161/en/