Impact Of The Covid-19 Outbreak On Autonomous Vehicle Data Platform Market

-

 

Autonomous Vehicle Data Platform Market: Introduction

  • Autonomous vehicle data platform is a cloud-based and/or premise-based collection of data maintained and used by OEMs & service providers. Autonomous vehicle data platform is critical to maintain safety and legal requirements. Vehicle data is collected from various sensors, cameras, radar, and LiDAR stored and interpreted to identify surroundings and road paths to be able to drive independently. It is convenient to maintain a data pool that is accessible by multiple end-users since a massive amount of data is to be collected and maintained and used by OEMs, car service providers, and insurance companies.

Key Drivers of Global Autonomous Vehicle Data Platform Market

  • Compliance toward emission standards and increased demand for comfortable ride among consumers are driving the demand for autonomous vehicles and subsequently, boosting the autonomous vehicle data platform market. Automakers and technology companies worldwide are investing heavily in autonomous vehicles. The advent of digital and connected mobility services and changing consumer preferences to ride rather than drive are projected to boost the demand for autonomous vehicles and in turn propel the autonomous vehicle data platform market.
  • Increased participation of players across the value chain, such as connected service provider, insurance companies, maintenance & diagnostic service, is driving the demand to maintain and establish a vehicle data platform that can be exclusively used to provide various services and also help in autonomous driving.

Are you a start-up willing to make it big in the business? Grab an exclusive PDF Brochure of this report

OEM segment to hold dominating market share in Autonomous Vehicle Data Platform market

  • OEMs/Automakers have exclusive access & control over car data as they manufacture and design vehicles. Moreover, retrofitting the software is expensive and compromise the working of a car. Entry of service providers such as insurance and ride-sharing companies has prompted OEMs to develop a Central Data Server Platform (CDSP) that helps to share data with a third-party under a contract; however, it is a highly secured network.

Europe & North America to lead the global Autonomous Vehicle Data Platform market

  • North America and Europe are expected to hold a leading share of the global autonomous vehicle data platform market during the forecast period owing to high investments of leading automakers in these regions. Ride-sharing companies and technology startups are making significant efforts to develop the autonomous vehicle data platform to effectively roll out autonomous vehicles.
  • The market in Asia Pacific is anticipated to expand significantly due to rapid development of autonomous and shared mobility in China. Number of trial projects such as of Didi Chuxing are underway. Such similar pilot projects by automaker and ride sharing companies are being rapidly undertaken in China which is anticipated to boost the autonomous vehicle data platform market in China

Comments

Post a Comment

Popular posts from this blog

Oil and Gas Terminal Automation Market: To Reflect Impressive Growth Rate By 2019 - 2027

-
  Global  Oil and Gas Terminal Automation Market : Overview A sturdy growth rate, compounded annually, will be recorded in the global oil and gas terminal market, states Transparency market Research (TMR), for the period of 2019 to 2027. It will be driven forward on to a high growth trajectory at the back of a number of growth factors. Some of these are low oil prices and growing demand for natural gas across a number of varied industry verticals. Demand for oil and gas will also be pushed up by growing population for its energy and fuel needs. This in turn will require more exploration, extraction, better storage and robust distribution. And, this again would lead to demand for oil and gas terminal automation. Therefore, the market will be rife with new opportunities of growth in this period. And, as per TMR, the players would do their best to make the most of these. Global Oil and Gas Terminal Automation Market: Competitive Landscape Global oil and gas terminal automation ma...
Read more

Impact Sensing Door Unlock System Market will Generate New Growth Opportunities By 2019 - 2027

-
  Impact Sensing Door Unlock System : Introduction The impact sensing door unlock system unlocks the door automatically without a key, it can be operated through a mobile application. The impact sensing door unlock system consists of sensors and an electronic control unit, wherein the sensors receive a signal from the wireless system and transmits that signal to the electronic control unit. The electronic control unit is wired to the central lock, which in turn unlocks or locks all the doors of the vehicle. Key Drivers of Impact Sensing Door Unlock System Market Rise in demand for safety and security features in a vehicle is estimated to boost the impact sensing door unlock system market. Every vehicle manufacturer is trying to boost the integration of advanced safety features, including center locking system with impact sensing door unlock system that is activated through a mobile application. This in turn is projected to fuel the demand for the impact sensing door unlock system. ...
Read more

Architectural LED Products Market: Size, Analytical Overview, Growth Factors, Demand, Trends And Forecast To 2018 - 2026

-
  Global Architectural LED Products Market: Overview  Safety is one of the key concern in architectural spaces, which is important to recognize the need for acceptable architectural lighting. Proper architectural lighting has a vital role for people occupying the architectural space. Additionally, architectural lighting attracts the person’s attention and enables the architectures for serving its true purpose with enhanced features.  The  architectural LED products market  report involves some of the insightful predictions over the scope of the market and some prospects over growth. The new report from Transparency Market Research (TMR) on the architectural LED products market offers the thorough analysis of market segmentation and involves the past revenue and future forecasts. The report offers numerous key strategies adopted by key players coupled with some prominent trends, which are impacting on the growth. Along with this, it explains important information...
Read more