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The global Autonomous Vehicles market expected to reach $65.3 billion by 2027

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Market research future published a research report on Autonomous Vehicles market. The global market for Autonomous Vehicles market is expected to grow over the CAGR of 26.2% during the period 2016 to 2027 from USD 3.6 billion in 2015.

Market Highlights

The global autonomous vehicles market has been evaluated as growing market and expected that the market will touch high growth figures. Since the technology has arrived in the automotive industry, many players are concentrating on developing a car which can be self-driven without any human command. Heavy investment in R&D and strategic collaboration is driving the market of autonomous vehicle with CAGR of 26.2%

Key Players for Autonomous Vehicles Market

Some of the key players in this market are:

• Google (U.S.),

• General Motors (U.S.),

• Volkswagen (Germany),

• BMW (Germany),

• Ford Motor Company (U.S.),

• Baidu (China),

• Toyota (Japan),

• Tesla (U.S.),

• Audi (Germany),

• Jaguar (U.K.).

Intended Audience

• Car Manufacturers

• Technology Providers

• Car Component Manufactures

• Sensor Manufactures

• Software Developers

• OEMs in automotive Industry

“Analysis also includes consumption. Import and export data for Regions North America, Europe, China, Japan, Southeast Asia, India.”

Key Finding

• The global Autonomous Vehicles market and is expected to reach $65.3 billion by 2027.

• Radar Sensors are expected to be the fastest growing market with high CAGR of 29.2% between 2016 and 2027.

• Regionally, North America holds the largest market share 39.08% of global Autonomous Vehicles market and is expected to reach $24.40 billion by 2027 from $1.42 billion in 2015.

• Asia Pacific market is expected to be the fastest growing market, and expected to grow at a CAGR of 29.02% from 2016 to 2027

Autonomous Vehicles Market

There are various changes which are taking place in the automotive industry and companies are trying hard in order to gain high market share as well as increase in profit by deployment of advance technologies in the automotive sector. Autonomous vehicle is one of the concept which has emerged decades ago but now coming into picture. These vehicles are equipped with high class technology and sense the environment for safe and secure ride. Driverless cars are capable of taking you from one place to another without any input of yours. They can find the best route, give the ride information, can pick up you at time and can park itself. As the technology is growing and companies are making several attempts to make this reality, it is expected that these cars will hit the road by the end year 2020.

Market Research Analysis

Autonomous vehicles or driverless cars could be a revolutionary product for the automotive industry. Need of change is what makes the industry sustain and run and with the advancement of technology, people do expect some revolutionary product. Autonomous vehicles could change the whole automotive industry and can make the life of a person easier. Aging population, increase accident rate around the world and increasing consumption of passenger and commercial vehicles are some key drivers for the market of autonomous vehicles. Market Research Future has estimated that the market size of autonomous vehicle market will reach to US $65.3 billion by the end of forecasted period from US $3.6 billion in 2015 with CAGR of 26.2%.

Info: Full Report with In-depth TOC

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China to Improve Inland Waterway Transport with World Bank Support

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The World Bank’s Board of Executive Directors approved a US$150 million loan today to improve the capacity and reliability of inland waterway transport along the Han River in China’s Hubei Province. The project will increase connectivity between the less developed central and western regions and the more prosperous eastern provinces, and yield local and global environmental benefits by promoting a green mode of transport and producing renewable energy.

As part of the Yangtze River Economic Belt, China is relocating industries in the less developed inland regions of the middle and upper reaches of the Yangtze River. This requires an efficient multimodal transport that can move freight over long distances in a sustainable manner.

“Inland waterway transport is a cost effective and environmentally friendly mode of transport that is underexploited in China. The new project will increase inland waterway transport along the Han River and promote a shift from roads to waterways, which reduces carbon emissions from transport,” said Zhai Xiaoke, World Bank’s Senior Transport Specialist and leader of the project.

The Hubei Inland Waterway Improvement Project will construct the Yakou Navigation-Hydropower Complex in the middle reaches of the Han River. It will upgrade about 53 kilometers of waterway between the Yakou and the Cuijiaying Complex to Class III navigation standards and help enable the completed investments at other cascades to realize their full navigation capacity and economic benefits. The hydropower station will supply renewable energy to Yicheng City, which is located 16 kilometers from Yakou.

The project will also provide gravity flow irrigation to over 5,300 hectares of existing farmland. Other anticipated benefits of the project include the significant reduction of lifting costs, the improvement of flood resilience, and the creation of a better landscape for recreational tourism.

The total investment of the project is US$515.13 million; the IBRD loan will finance US$150 million and the Hubei Provincial Government will invest US$365.13 million. About 5.61 million residents along the Han River are expected to benefit from the economic development and ecological improvement brought about by the greener transport mode.

Starting with the First Inland Waterways Project in 1995, the World Bank has supported seven inland waterway projects in China, with each successive phase introducing important additionality, ranging from technical innovation to integrated development and management of multi-purpose inland waterway transport, as well as improved institutional capacity and environmental aspects.

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EU investment in gas interconnection between Bulgaria and Serbia to enhance energy security in the region

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To boost the diversification of energy sources in the Western Balkan region, reduce dependency on one dominant supplier and increase energy security, a joint commitment to implement the gas interconnector between Bulgaria and Serbia has been signed today 17 May by the Energy Minister of Bulgaria, Ms. Temenuzhka Petkova, and the Energy Minister of Serbia, Mr. Aleksandar Antić, on the occasion of the Western Balkans summit of Leaders in Sofia, Bulgaria. This interconnection will for the first time link the gas systems of Bulgaria and Serbia.

This new political impetus to the project showcases the political will of all parties. Once completed, the interconnector will constitute a major contribution to the solidarity in the Energy Union. The interconnector will allow for the transfer of between 1 and 1.8 billion cubic metres of natural gas annually from Bulgaria to Serbia and 0.15 billion cubic metres from Serbia to Bulgaria. The project forms part of the EU’s Projects of Common Interest and is a priority in the context of the Central and South Eastern Europe Energy Connectivity High Level Group (CESEC).

The European Commission is contributing notably to the Serbian side of the Bulgaria-Serbia Interconnector with a Pre-Accession grant of EUR 49.6 million. The Commission is actively facilitating progress on this priority project in close contact with both the Bulgarian and the Serbian authorities.

The new gas pipeline will provide a new supply route from Bulgaria not only to Serbia, but also to other parts of the South-East European region. This will enable access to liquefied natural gas from Greece, Azeri gas from the Southern Gas Corridor, as well as gas from Black Sea offshore production, and ensure improved integration of these sources into the EU’s internal energy market.

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ASEAN youth promotes “green” entrepreneurship at ASEAN Youth Expo 2018

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ASEAN youth leaders and youth entrepreneurs showcased their efforts and creativity in promoting environment-friendly enterprises at ASEAN Youth Expo 2018 held on 3-4 May at the Grand Sahid Jaya Hotel, Jakarta.

The expo, themed “Proliferating Youth Entrepreneurship: Tacking Environmental Issue by Being Greenpreneurs”, was hosted by the Ministry of Youth and Sports of Indonesia. It was held in conjunction with the Ninth ASEAN Senior Officials Meeting on Youth (SOMY IX) and the Eighth ASEAN Plus Three Senior Officials Meeting on Youth (8th SOMY+3)

The ASEAN Youth Expo is a recurring activity under the ASEAN Work Plan on Youth 2016-2020 led by Indonesia. This year’s event aimed to strengthen collaboration among the youth in ASEAN and the Plus Three Countries in addressing environmental problems through entrepreneurship.

Each country sent four best youth representatives to join the youth-organised and youth-led event which comprised workshop, seminars, discussions, and an exhibit of the products of the youth entrepreneurs. A total of 450 youth leaders and youth entrepreneurs participated in the two-day event.

Nineteen display booths were installed featuring their “green” or environment-friendly products such as biodegradable plastic bags, fresh and processed fruits from organic and integrated farming, and other environmental friendly and recycled products.

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