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Autonomous Driving Component: Introduction

  • Rise in incorporation of advanced features in vehicles for comfort and safety of passengers is prompting vehicle manufacturers to increase the installation of autonomous driving components in their vehicles. These driving components, such as sensors, cameras, and display, help to drive the vehicle through connectivity and without any human interference.

Key Drivers of Autonomous Driving Component Market

  • Rise in vehicle production integrated with growing safety standards across the globe is likely to propel the autonomous driving component market. Growing trend of autonomous driving is likely to boost the autonomous driving component market. Rise in adoption of artificial intelligence and Internet of things (IoT) in vehicles is prompting vehicle manufacturers to develop autonomous vehicles. Enactment of stringent rules and regulations regarding safety standards in the vehicle is likely to boost the autonomous driving component market across the globe. Increase in mergers and acquisitions between leading players across the globe for the development of autonomous driving components is likely to fuel the autonomous driving component market across the globe.
  • Rise in demand for connected vehicles across the globe is likely to propel the global autonomous driving component market. Rise in integration of infotainment systems in vehicles is likely to further boost the autonomous driving component market across the globe. Growing investments for the development of streamlined traffic infrastructure by various governments across the globe is anticipated to boost the autonomous driving component market across the globe.

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Europe & Asia Pacific to hold significant share of global autonomous driving component market

  • Europe is projected to account for a major share of the global autonomous driving component market due to a rise in the demand for autonomous vehicles across the region. Europe has presence of major original equipment manufacturers as well as tier-1 suppliers, including Robert Bosch GmbH, Valeo, Denso Corporation, Aptiv and Delphi Automotive who have major facilities that undertake research & development on the autonomous driving component, which is likely to propel the autonomous driving component market across the globe.
  • Followed by Europe, Asia Pacific is projected to hold a significant share of the global autonomous driving component market due to enactment of stringent norms regarding safety features in vehicles. Presence of major automotive industries across China, India, and Japan is anticipated to propel the autonomous driving component market across Asia Pacific.

Key Players Operating in Autonomous Driving Component Market

The autonomous driving component market is expanding consistently, as a large number of players operate in the market. A few of the key players operating in the autonomous driving component market are:

  • Advics Co.Ltd.
  • Altera Corporation
  • Intel Corporation
  • Autoliv Inc.
  • Siemens AG
  • Delphi Automotive
  • Omron Corporation
  • ZF Friedrichshafen
  • Robert Bosch GmbH
  • Denso Corporation
  • Continental AG
  • Valeo
  • Panasonic Corporation
  • Texas Instrument
  • Pioneer Corporation
  • Lear Corporation
  • Infineon Technologies
  • Hyundai Mobis
  • Calsonic Kansei Corporation

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Global Autonomous Driving Component Market: Research Scope

Global Autonomous Driving Component Market, by Propulsion

  • Internal Combustion Engine (ICE)
  • Battery Electric Vehicle(BEV)
  • Hybrid Electric Vehicle (HEV)

Global Autonomous Driving Component Market, by Vehicle Type

  • Passenger Vehicle
  • Commercial Vehicle

Global Autonomous Driving Component Market, by Component

  • Sensor
  • Display
  • Night Vision Camera
  • Microphone
  • Lidar
  • ECU
  • Others

Global Autonomous Driving Component Market, by Level of Autonomy

  • Level-1
  • Level-2
  • Level-3
  • Level-4
  • Level-5

Global Autonomous Driving Component Market, by Application

  • Lane Departure Warning System
  • Automatic Parking System
  • Anti-Lock Braking System
  • Pedestrian Protection System
  • Blind Spot Detection System
  • Others

Global Autonomous Driving Component Market, by Sales Channel

  • OEM
  • Aftermarket

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Autonomous Driving Component Market

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