The semi-autonomous passenger car system market is dominated by the key players such as Continental (Germany), Robert Bosch (Germany), Denso (Japan), Magna (Canada), and Valeo (France)
(PRWEB) November 02, 2014
The report “Semi Autonomous Market for Passenger Car by Type (Adaptive Cruise Control, Lane Keep Assist, Autonomous Park Assist & Adaptive Lights), by Technology, by Geography & Autonomous Car (Qualitative Trends & Technologies) - Global Trends & Forecast to 2018”, defines and segments the global Near-Autonomous Passenger Car Market with analyses and estimation of the volume and revenue.
The semi-autonomous passenger car market is projected to be $10.6 billion in 2013 and is estimated to reach $21.4 billion by 2018, growing at CAGR of 15.08% over the same period.
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Browse 17 market data tables and 81 figures spread through 260 slides and in-depth TOC on “Semi Autonomous Market for Passenger Car - Global Trends & Forecast to 2018”.
The Semi Autonomous Passenger Car Market (SAPC) is witnessing lot of technological advancements and developments in the recent years. On-going studies on the feasibility of the introduction of some of the semi-autonomous features (such as Adaptive Cruise Control, Adaptive Front Lights, Lane Keep Assist etc.) has triggered an intense competition amongst the semi-autonomous passenger car and system manufacturers. This competition would lead to the development & manufacturing of the innovative, as well as advance car safety and driving systems. Government agencies, such as NTSB and NHTSA, in U.S. are studying the prospects of mandating Adaptive Cruise Control, LKA/LDWS. Other reasons such as concerns regarding safety, changing buyers’ preferences, enhanced driver experience, increasing demand for premium passenger cars will also benefit the semi-autonomous passenger car industry to grow in the next five years.
The Semi Autonomous Passenger Car Market is projected to be $10.6 Billion in 2013 and is estimated to reach $21.4 Billion by 2018, growing at CAGR of 15.08% over the same period. The flourishing demand for premium cars across the globe, along with existing as well as upcoming stringent safety regulations, will drive the market for SAPC. The market in 2013 is projected to be dominated by Adaptive Cruise Control and Adaptive Front Lights, in terms of revenue.
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The major automobile manufacturers such as Audi (Germany), BMW (Germany), Mercedes-Benz (Germany), Volvo (Sweden), and others are manufacturing passenger cars installed with semi autonomous features to provide better vehicle, driver & passenger safety& comfort, better handling, high performance, and environment friendly cars. The semi-autonomous passenger car system market is dominated by the key players such as Continental (Germany), Robert Bosch (Germany), Denso (Japan), Magna (Canada) and Valeo (France). These five significant companies, together, held about 70% of the total market in 2011.
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