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Software market for autonomous cars growing at 76.10% CAGR by 2021 illuminated by new report

Transport Market Research

The global software market for autonomous cars industry to grow at a CAGR of 76.10% during the period 2017-2021.

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The key players in the global software market for autonomous cars: Alphabet, Delphi Automotive, Intel, NVIDIA, QNX Software Systems, and Tesla. Other Prominent Vendors in the market are: Apple, Autotalks, Cisco, Cohda Wireless, Covisint, DeepMap, and Nauto.

Complete report on the software market for autonomous cars Research Report spread across 69 pages, profiling 13 companies with table of content is now available at…aspx?name=1134873 .

Software Market for Autonomous Cars 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts.

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The report covers the market landscape and its growth prospects over the coming years.

The report also includes a discussion of the key vendors operating in this market.

The latest trend gaining momentum in the market is Increasing mergers and acquisitions. The global software market for autonomous cars is witnessing a trend of increasing mergers and acquisitions.

Many small companies, especially startups, are focused on developing autonomous technology for vehicles. Big automotive companies are acquiring these companies to speed up their goal of reaching Level 4 and Level 5 autonomy

According to the report, one of the major drivers for this market is High investment by companies in autonomous vehicles technology. One of the major drivers in the global software market for autonomous cars is the increase in the investment in the technology of autonomous cars.

Since 2016, most of the investments have been made for a period of two or more years. These investments will drive the market in a positive direction during the forecast period.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Further, the report states that one of the major factors hindering the growth of this market is Huge price of autonomous cars. One of the major challenges faced by the global autonomous cars market is the high cost associated with these cars.

The cost of Level 4 and Level 5 autonomous cars is estimated to be very high, which will not fit the budget of a middle-income family. Sensors, software, engineering, power and computing requirements and R&D investments will increase the price of autonomous cars.

The Tesla Model X equipped with a Level 2 autonomous system costs around $82,500 in the US. The price is expected to increase after Tesla releases Level 4 or Level 5 autonomous cars.

This report covers the present scenario and the growth prospects of the global software market for autonomous cars for 2017-2021. To calculate the market size, the report considers the new installations of software for newly manufactured autonomous vehicles.

An autonomous car operates without human intervention or with very little human intervention. In this report, autonomous cars include only those cars with autonomous levels of 3 or above.

The software for autonomous car is the software that makes the car autonomous.

Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?           

What are the key market trends?                       

What is driving this industry?                                  

What are the challenges to market growth?

Who are the key vendors in this industry space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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