HD Map for Autonomous Vehicles Market worth $16 9 Billion by 2030 - Exclusive Report by MarketsandMarkets™ prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
New Autonomous Luxury Vehicle Market Developments:
Ford Motor Company and Volkswagen announced their collaboration with Argo AI, LLC an autonomous vehicle technology platform company which will help in the introduction of automotive vehicles in U.S. and Europe. With this collaboration they will increase efficiency by serving their customer
General Motors Company announced the launch of 20 refreshed model cars in China which will increase the growth momentum of the company as china is the largest retail sector since 2012.
Scope of the Autonomous Luxury Vehicle Market:
All country based analysis of the
autonomous luxury vehicle market is further analyzed based on maximum granularity into further segmentation. On the basis of component the market is segmented into biometric sensors, camera unit, LiDAR sensors, radar sensors and ultrasonic sensors. Based on body type, the market is segmented into sedan, hatchback and SUV. Based on fuel type, the market is segmented into internal co
Autonomous Luxury Vehicle Market Expected to Growth 35 86% globenewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globenewswire.com Daily Mail and Mail on Sunday newspapers.
Europe is expected to be the largest Automotive Engineering Services Market in the forecast
Europe is estimated to account for a share of 43.0% of the global Automotive Engineering Services Market in 2021, and the market in this region is projected to register a CAGR of 8.9% during the forecast period.
For the market analysis, Europe includes Germany, France, Spain, the UK, Italy, Russia, and the Rest of Europe. The presence of OEMs such as VDL Groep (Netherlands) and AB Volvo (Sweden) offers growth opportunities for the Automotive Engineering Services Market in the region. European automotive enterprises dominate the global landscape, accounting for almost 50% of the R&D spending led by firms such as BMW, Continental, and Daimler. The increasingly stringent regulations related to environmental issues are encouraging market players to test and develop advanced vehicles, further boosting the market for automotive engineering services. For example, in March 2017, L&T Technology S
Automotive Engineering Services Market worth $253.9 billion by 2027 - Exclusive Report by MarketsandMarkets Automotive Engineering Services Market by Application (ADAS & Safety, Body Electrical & Electronics, Chassis, Connectivity, Interior/Exterior, Powertrain & Exhaust, Battery, Motor, Charger Test, Simulation), Service, Location & Vehicle - Forecast to 2027 , published by MarketsandMarkets, the market is projected to grow at a CAGR of 8.8% from USD 153.3 billion in 2021 to USD 253.9 billion by 2027.
The growth of the Automotive Engineering Services Market is driven by the rising sales of electric vehicles, increasing R&D investments in the automotive industry, the advent of autonomous vehicles, and the high implementation of connectivity services.
Browse in-depth TOC on