Self-driving cars are capable of sensing the environment around the vehicle with the usage of various innovative sensors such as sound navigation & ranging (Sonar), global positioning system (GPS), light detection & ranging (LiDAR), artificial intelligence (AI), radio detection & ranging (Radar) and odometry sensing technology. Thereby, autonomous sensors help in analysing & creating a virtual map of the surroundings around the vehicle and driving safely with a slight or even no human inference. The rotation torque provided to the self-driving cars is usually ensured by the internal combustion engine coupled with the battery pack installed in the hybrid electric vehicle. Additionally, major developments in technology used in self-driving vehicles such as braking & accelerations to avoid possible collisions and facial expression detection makes the vehicle powerful, effectual, & attractive. Therefore, the innovative autonomous technology provided by the self-driving car manufacturers is expected to drive the market growth for the hybrid electric self-driving car market.
COVID-19 scenario Analysis:
- Europe is a major manufacturing hub for the hybrid electric self-driving car industry in the world which has been significantly affected by the pandemic owing to a complete operation shut down for the hybrid electric self-driving car manufacturers.
- Hybrid electric self-driving car which use internal combustion engine coupled with the battery pack is an evolving sector which is majorly hampered due to the coronavirus as all type of production and installation process had been shut down across the affected countries & all operations were disrupted due to the pandemic.
- Majority of hybrid electric self-driving car manufacturers are facing issues such as security risks and workforce unavailability majorly due to the government declared lockdown in the affected countries owing to the coronavirus pandemic.
- The vendors in autonomous industry across the globe are severely affected due to the restrictions on producers as well as the declared lockdowns which in turn is affecting the hybrid electric self-driving cars manufacturers worldwide.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Growth in technology & dynamic mobility application such as connected vehicle, need for safe, productive & efficient driving option and reduction of the carbon discharge from autonomous vehicles are driving the growth of the market. However, cyber security & safety concerns and non-availability of required infrastructure in developing countries is expected to hamper the growth of the market. Contrarily, autonomous cars as a mobility service and robotic assistance helps in the growth of self-driving car can be seen as an opportunity for the market investments.
The hybrid electric self-driving car market trends are as follows:
Reduction of the carbon discharge from autonomous vehicles
Hybrid electric self-driving cars can help reduce the carbon pollution emitted when compared with the diesel or petrol vehicles. Owing to the strict government policies major automotive manufacturers are investing a huge amount of money in the production of electric self-driving vehicles. For instance, Apple Inc. has invested $1 billion in the project Titan for the development of an electronic autonomous car by collaborating with BMW, the car launch is expected in the . Furthermore, autonomous technologies such as braking & accelerations to avoid possible collisions, consistent driving speeds and keeping a measured distance between the vehicles can avoid unnecessary breaking & re-acceleration. Moreover, electronic models of self-driving cars with a hybrid electric engine can further reduce pollution by reducing the use of crude oil. Therefore, the reduction of the carbon discharge from autonomous vehicles is anticipated to boost the market growth for the hybrid electric self-driving car during the forecast period.
Key benefits of the report:
- This study presents the analytical depiction of the hybrid electric self-driving cars industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with challenges of the hybrid electric self-driving car market.
- The current market is quantitatively analyzed to highlight the hybrid electric self-driving car market growth scenario.
- We can also determine autonomous will remain a significant revenue shareholder in the hybrid electric self-driving car market through the predictable future.
Questions answered in the hybrid electric self-driving car market research report:
- Which are the leading market players active in the hybrid electric self-driving car market?
- What are the current trends that will influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the market?
- What are the projections for the future that would help in taking further strategic steps?
Hybrid Electric Self-Driving Car Market Report Highlights
| Aspects | Details |
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 Key Market Players | Volkswagen group, Ford motors, Google Inc, Mercedes Benz, Tesla Inc, Apple Inc., Toyota Motors., Volvo cars, BMW, General motors |
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