Tower Mounted Amplifier Market is Expected to Reach at a Value of US$ 2.60 Bn in 2027

 The overall tower mounted amplifier market worldwide is expected to reach at a value of US$ 2.60 Bn in 2027 and is set to grow with a CAGR of 9.4 % during the forecast period.

Market Insights

The global market for tower-mounted amplifiers is driven by increasing global urbanisation and digitalisation. The use of the Internet has increased the digitalisation, which is considered to be one of the main factors driving the TMA market globally. Using mobile data creates a large data traffic that raises various issues in the network and therefore reduces these problems by using tower mounted amplifiers.

The ability of these amplifiers to reduce noise and amplify signals improves network efficiency, strength and connectivity. Various companies are investing heavily in the development of new technologies based on TMA, which are expected to drive the market in the future.

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On the basis of the application, the market for tower mounted amplifiers was segmented as telecommunications, industrial and retail. The telecommunications segment dominated the market by holding more than 45 percent of the market share in 2018. The segment is driven by the increasing demand for smart phones and the increasing use of the Internet. Similarly, the demand for a high-strength network from users is also driving the segment. The telecommunications segment is expected to be the fastest growing segment due to the increasing development of 5G networks.

Asia-Pacific is expected to be the fastest growing region due to an increasing number of Internet users in the region and ongoing 5G deployment projects. Governments in the region spend a great deal on improving and strengthening their communication networks. In addition, increasing digitization and urbanisation have also increased the adoption and use of IoT devices, which are expected to drive the market in the future. The Asia-Pacific region is expected to grow by more than 10.0 per cent during the forecast period.

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Tower Mounted Amplifier with Direct Sales in its Channel Segment Continue Dominating the Market

In 2018, the total market for tower mounted amplifiers was driven by the direct sales segment in its channel segment, which contributed to a high market share of total revenues generated globally in 2018 and is expected to grow by more than 7.9 per cent during the forecast period. Advances in technology and the increasing use of mobile phones have led to TMA's demand, as these amplifiers reduce noise and improve network functionality, while mobile tower companies purchase these amplifiers directly from manufacturers at a lower cost. However the distribution channel is expected to be the fastest growing segment in the forecast period.

North America Dominates the Market by Region

The global market for tower-mounted amplifiers was led by North America with a market share of more than 30.0 per cent in 2018. This is due to increased use of IoT devices by IoT devices and increased use of smartphones and tablets. In addition, the market for TMA in North America is expected to grow with a CAGR of 9.2% over the forecast period due to network advancement and the introduction of 5G in the region.

Key questions answered in this report

• What was the market size of tower mounted amplifier in 2018 and forecast up to 2027?
• Which is the largest regional market of direct sales in channel segment?
• What are the major trends followed in tower mounted amplifier market across different regions?
• Who is the key tower mounted amplifier companies leading the market?
• What are the key strategies adopted by the leading tower mounted amplifier companies in market? 

Unique data points of this report

• Statistics on tower mounted amplifier  penetration and spending worldwide
• Recent trends across different regions in terms of adoption of tower mounted amplifier.
• Notable developments going on in tower mounted amplifier  market
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

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Virtual Fitting Room Market: Eyewear is Estimated to Grow Significantly During the Forecast Period

 The virtual fitting room market is set to grow with a CAGR of 20.5% during the forecast period.

Market Insights

The virtual fitting room market is driven by the increasing adoption of the augmented reality and virtual reality in the retail sector. The integration of the AR and VR solutions is enabling businesses to grow and increase financial prospects. Moreover, the technology also enables retailers to provide enhanced experience to their customers, while keeping the cost of operations low. Additionally, the technology also enables the development of marketing methods for customer engagement. This is acting as a major driver for the growth of the market. Consistently growing online retail sector worldwide is another major factor supporting the market growth. With online sales of apparels and other accessories gaining momentum, the market is set to register robust growth in the near future. 

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The market for virtual fitting rooms is categorised on the basis of hardware, software and service components. Software accounted for more than 45 percent of revenue in 2018. The growth of the market is attributed to the large-scale adoption of analytical tools and solutions between online and offline retailers to optimise the business process. Furthermore the adoption of new intelligent algorithms, such as machine learning and deep learning, among retailers to gain consumer insights is also driving market growth.

North America dominates the market with a revenue share of more than 40%. The market here is backed by a vast and sophisticated e-commerce industry in the U.S. and Canada. It is estimated that Asia Pacific is experiencing a rapid growth of over 23 per cent over the forecast period. The growth of the market is driven by the increasing adoption of smartphones and internet services across the region. In addition, the growing e-commerce market in the region is also a major driver of market growth. In addition, increasing venture capital investment in retail technology also accelerates market growth.

Eyewear is Estimated to Grow Significantly During the Forecast Period  

The market for virtual fitting rooms is characterised by its application to apparel, accessories, eyewear, jewellery and watches, cosmetics and others. Apparels accounted for more than 30% of the total revenue generated in 2018. The growth of the market is driven by large-scale shopping of apparel in online stores. On the other hand, eye wear is estimated to increase significantly during the forecast period due to the increased integration of virtual fitting rooms across the domain.

North America is Leading the Virtual fitting room Market                             

North America held more than 42% of its share in the market for virtual fitting rooms in 2018. The growth of the market is driven by the growing e-commerce market in the region. The U.S. is one of the world's largest e-commerce markets with a high number of online shoppers. In addition, a high number of smartphone users and Internet users in the region are also stimulating the growth of the market. In addition, increasing venture capital investment in technology start-ups in the region also supports market growth.

The key players in the virtual fitting room market are 3D-A-PORTER, AstraFit, Coitor IT Tech, ELSE Corp, Fision Technologies, Fit Analytics, FXGear, Magic Mirror, MemoMi, Metail, SenseMi, Sizebay, Total Immersion, triMirror, True Fit, Visualook, and Zugara.

Unique data points of this report

• Statistics on virtual fitting room and spending worldwide
• Recent trends across different regions in terms of adoption of virtual fitting room across applications
• Notable developments going on in the industry
• Attractive investment proposition for segments as well as geography
• Comparative scenario for all the segments for years 2018 (actual) and 2027 (forecast)

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Quantum Computing Market is expected to reach US$ 7,635.38 Mn by 2027

 The global quantum computing market is expected to reach US$ 7,635.38 Mn by 2027, expanding at a CAGR of 34.3% during the forecast from 2019 to 2027.

Market Insights

Quantum computing has introduced new paradigm of computing with potential to solve complex problems much faster than the traditional computing methodologies. With the inbuilt property of superposition and entanglement, quantum computers can provide results exponentially faster than the traditional computers. Besides this, the new technology can spur the development rate of new breakthrough technologies in the field of medication, science, material analysis, machine learning, planning financial strategies, and many other applications. Some researchers are actively collaborating with the industry leaders to discover new best-suited applications of the quantum computing.

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The global quantum computing market is bifurcated on the basis of type, application, industry verticals, and regions. Optimization and material simulation are the most lucrative application areas and expected to spur the market growth significantly in the coming years. Increasing demand for the development of new materials and molecules in the chemical, healthcare, and agriculture sector to discover new horizons of advancement is the prime factor behind the prominent growth of the segment. Similarly, exponential growth in the logistics and traffic has forced software vendors to implement advanced computing methodology for route optimization. For instance, in March 2017, Volkswagen in partnership with D-Wave Systems Inc. has successfully experimented the quantum computing for traffic reduction in Beijing, China.

The global quantum computing market for North America, Europe, Asia Pacific and the rest of the world is analysed by geography. North America has dominated the global quantum computing market with an impressive outlook in the near future. Technology advancement in the region is a major driver of growth. In addition, a significant investment portfolio of both public and private investors in the R&D sector has a positive impact on the regional market. As of July 2019, some of the top-funded companies in North America include D-Wave Systems Inc. with a total funding of US$ 210 million, Rigetti Computing with US$ 119 million, and Silicon Quantum Computing with US$ 66 million.

The global quantum computing market is highly competitive. The quantum pioneers are developing new business strategies to sustain their position as leaders in the market. Apart from the significant strategic alliance in the market technology leaders are investing prominently in the startup players. For instance, some of the mainstream investors such as Google Ventures, Amazon Inc., Sequoia Capital, A16z, Goldman Sachs and other venture capitalists have invested in nearly 16 startups for the year 2018 and the number is expected to increase in the coming years.

Aerospace & Defense Segment dominated the Global Quantum Computing Market in the year 2018

Aerospace & defense dominated the global quantum computing market in the year 2018 owing to higher requirement of secure data transfer and communication. Additionally, the demand for fast data operation is expected to boost the demand for quantum computing solutions in the industry. In recent past, the National Aeronautics and Space Administration (NASA) announced to achieve quantum supremacy in partnership with Google Inc. The company has developed the fastest quantum computer with capability to solve problems in just 200 seconds. On the other hand, automotive and healthcare industry finds lucrative applications of quantum computing methods for route optimization and material synthesis. Quantum computing can reveal new horizon of development in the field of medical science for treatment of various rare diseases.

Asia Pacific witnesses Highest Growth over the Forecast Period

North America held a large share of revenue in the global quantum computing market in 2018. Impressive investments and technological advances are the main factors that increase regional growth. On the contrary, Asia Pacific is set to grow exponentially over the forecast period due to the strategic governance plans of the various Asian countries. Recently, the Chinese government announced the construction of a US$10 billion National Laboratory for Quantum Information Sciences, which is expected to begin in 2020. Other than China, Japan and South Korea, there are other major regions that exploit quantum computing features for different industry verticals. In addition, the region has a promising industrial growth that favours market growth during the forecast period. BFSI significantly implements the quantum benefits of advanced computing.

Some of the prominent players profiled in the global quantum computing market report include D-Wave Systems Inc., International Business Machines Corporation, Google Inc., 1QB Information Technologies, Microsoft Corporation, QX Branch, Cambridge Quantum Computing Limited, QC Ware Corp., Rigetti Computing, and River Lane Research among others.

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HR Analytics Market- North America garnered the largest market share

 The global HR analytics market is expected to witness a growth of 12.8% CAGR during the forecast period from 2019 to 2027.

Product Insights

The global HR analytics market accounted for US$ 2.33 Bn in 2018 and is likely to witness a notable growth, growing at a CAGR of 12.8% during the forecast period from 2019 to 2027. HR departments in various organizations are increasing their proficiencies from outdated reporting to the usage of analytics for real-time information on employee opportunities, issues and provision of enhanced solutions. Over time, the role of human resource has developed from an administrative function towards more planned partnership. A major driving force behind this evolution has been the continuous advancement in the technology. Rising demand for scaling up the efforts of HR personnel coupled with growing to requirement for automating the HR processes and facilitate the workforce engagement is boosting the market for HR analytics worldwide.  

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The HR analytics market is segmented on the basis of component, deployment mode, application, end-use vertical and geography. Based on component, the solution segment led the market in 2018 and is likely to dominate the market during the forecast period from 2019 to 2027. Growing adoption of HR analytics solutions across several end-use verticals is boosting the segment growth worldwide. Various organizations across the globe are implementing HR analytics solutions for refining and uplifting the overall experience and performance of the employee. These solutions also involve the employees in various activities, helping them nurture in an improved and healthier manner. Furthermore, based on geography, North America ruled the HR analytics market in 2018. The region is expected to continue with its reign during the forecast period. Growing investments in HR analytics is increasing at a greater extent as the use of data has become more evident in all functions.

Competitive Insights:

Major players in the HR analytics market include Oracle Corporation, SAP SE, Workday, Inc., The Sage Group plc, Kronos Incorporated, MicroStrategy Incorporated, International Business Machines Corporation, Tableau Software, Zoho, Crunchr, Visier Inc., GainInsights, Sisense Inc., and Talensoft among others. The major players are focusing on taking up strategies such as partnerships, product innovation, etc. to endure and stand out in the competitive market environment. For instance, in February 2019, Crunchr, one of the specialized HR Tech Company entered into a partnership with Mercer, which is one of the world’s largest human resource consulting firm. The two companies joined forces in order to bring HR to another level. The workforce or HR analytics solution from Crunchr will enable Mercer to set clear workforce priorities and develop a strategy for addressing them.

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HR Analytics Solution Garnered the Largest Market Share in 2018

In 2018, based on component, the solution segment led the market and is expected to retain its dominance in the years to come. The use of HR analytics is significantly transforming the human resource strategy. With time, HR analytics solutions are seen as one of the critical tools that are shaping the future business strategy. The globalization of businesses, changing demographics and patterns of mobility alter continuously, changing the nature of work and the worker. Due to this change, the HR is required to become the provider of human capital analytics, which helps them in planning, developing, hiring, retaining and engaging key talents and also make strategic business decision-making. As a result, various organizations across the globe are implementing HR analytics solutions which help their HR department in improving the employee’s overall experience and involves them in various activities that help them grow in a better manner. Consequently, a significant increase in the adoption of HR analytics solutions is expected to lift the overall growth of the market during the forecast period.

Adoption rate of HR analytics in North America has been strong

In 2018, North America garnered the largest market share in the HR analytics market and will continue with its supremacy during the forecast period from 2019 to 2027. In the recent years, the adoption HR analytics in North America has become stronger and higher in comparison to other regions. In the overall regional market, 22% of companies have espoused HR analytics and 11% have adopted the role itself. The industries with the most prevalent adoption of HR analytics are tech-software and finance. Also, as the region is an early adopter of new technologies and a major hub for technological innovations, various organizations in the region are incessantly focusing on improving their workforce efficiency and are employing the best practices for HR set-ups. Moreover, the presence of some leading players in the region including Oracle Corporation, International Business Machines Corporation, Workday, Inc., etc. is altogether supporting the adoption of HR analytics.

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Connected Agriculture Market- North America held Largest Share

 The global connected agriculture market is expected to witness a growth of 16% CAGR during the forecast period from 2019 to 2027.

Product Insights

The global connected agriculture market accounted for US$ 1.7 Bn in 2018 and is expected to witness a considerable growth, mounting at a CAGR of 16 % during the forecast period from 2019 to 2027. With the increase in population the demand for food is also increasing at a greater extent. Population of this scale has brought and will bring lot of challenges, and food production is amongst the important. Connected agriculture have the capability to offer farmers with skills and knowledge to increase the productivity of the farms by providing systems and solutions like smart irrigation, yield monitoring, etc.  Connected agriculture integrates advanced technologies with existing agricultural practices to increase production efficacy and quality of agricultural products. These advanced digital technologies are now making it possible to collect and leverage huge amounts of critical data at minimal costs, thereby making farming operations more insight-driven, and potentially more efficient and productive.

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The farmers across the globe are gradually adopting these state-of-the-art technologies. Greater use of digital technologies in agriculture is important for improving a farm’s financial performance as it also offers various financial services to the farmers like insurance service, micro-lending service, and various mobile payment methods. It provides farmers with the regular updates about weather which thereby minimizes the risk of loss. As a result, increasing demand of advanced technology and dependency on IoT for various farming practices is expected to boost the connected agriculture market during the forecast period from 2019 – 2027.

The global connected agriculture market is segmented on the basis of component, application, Offerings and geography. Based on component, solution segment led the market in 2018 and is likely to dominate the market during the forecast period. The growth of this segment is mainly attributed to increasing adoption of several solutions across various end-use applications. The solution segment further comprises of network management solutions, smart water management solution, agriculture asset management solutions, etc. These are technology based solutions which monitors the yield of the crops, health of livestock, monitor the water levels of crops etc. Furthermore, based on geography, the connected agriculture market was dominated by North America in 2018 due to the widespread acceptance of various state-of-the-art farming practices.  On the other hand, Asia Pacific is expected to grow as the fastest growing region and provide more opportunities for the vendors as well as farmers through connected agriculture in the coming years.

Competitive Insights:                                        

Major players in the connected agriculture market John Deere & Company, Raven Industries Inc., Hexagon Agriculture, Decisive Farming, Trimble Inc., The Climate Corporation, DICKEY-john, GEA Group, Precision Planting, LLC and Teejet Technologies. among others. The major players of connected agriculture are implementing strategies like partnership, development of product etc.

For instance, in August 2019, Raven Industries Inc. has launched a new spraying tool for increasing efficiency and profits of agriculture retailers. The VNS system allows spraying at the speed of more than 20 mph and uses non-contact stereo vision camera to navigate rows, which allows cover more acres in a day and causes  crops damage.

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Solution Segment is expected to hold the Largest Market Share in 2018

In 2018, the solution segment held for the largest share in the global connected agriculture market and is expected to continue with its dominance during the forecast period as well. Crop yield depends upon various factors like rainfall, humidity, temperature, condition of soil and variety of seeds. As a result of this, it becomes very difficult for farmers to interrelate those factors which will hamper the productivity of the farms. Connected agriculture permits in associating the available data which thus help farmers to increase the yield of crops. Also, there is a huge demand for collecting data through sensors for minimizing losses due to uncertain weather conditions. Solution segment also consist of technologies such as water management system, which by detecting heat and moisture from soil ensures adequate supply of water to the crops.

North America held Largest Share of Connected Agriculture Market

In 2018, North America represented the largest market for connected agriculture across the globe and is likely to dominate during the forecast period from 2019 to 2027. The growth of this region is mainly accredited to the countries including U.S. government bodies in North American region provide great support for several advanced agriculture and farming technologies for increasing the production and to fulfill growing demand of food grains. Also, people in the U.S. and other countries are readily adopting and accepting advanced technologies that can be further implemented in the several farming practices. Dependency of people on various hand-held devices[S1]   like mobiles, computers etc. that uses IOT and early adoption of these technologies is boosting the market growth in the region. Furthermore, Asia Pacific is expected to witness a significant growth in connected agriculture market in the years to come as farmers in the region are gradually adopting modern methods of connected agriculture. Countries including india and China are expected to have largest market for connected agriculture in Asia Pacific region. Owing to large number of farming lands, there will be an increased demand of advanced farming methods in order to meet rising demand of food.

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Public Safety Wireless Communication Systems Market Expected to Reach US$ 25.60 BN

 The global public safety wireless communication systems market is valued at US$ 12.75 Bn in 2018 and is expected to reach US$ 25.60 Bn expanding at a CAGR of 8.1% during the forecast period from 2019 to 2027.

Market Insights

The combination of factors including data & analytics, artificial intelligence (AI) and crowdsourcing among others are propelling the growth of the public safety wireless communication systems market. Cyber security threat poses as a major challenge and to overcome this challenge measures are taken by the technology companies to ensure data security. This may hinder the growth of the public safety wireless communication systems market. Public safety communication systems is a wireless communication technology used for emergency services, by police department, fire department, medical services to prevent incidents which endangers public safety. It is an interdepartmental collaboration between multiple organizations involving police force, criminal justice and emergency response services. Through the help of this network information sharing and functional interoperability needs for public safety are addressed.

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Based on type, Digital segment is leading the public safety wireless communication market as data can be exchanged seamlessly using digital platforms as compared to analog systems. The effectiveness and efficiency of response in emergency situations can be greatly improved as information flow gets enhanced through digital signals. For instance, fire department, police department and defense & military can use data analytical tools to detect and capture data important to public and national security. The rapid adoption and application of digital technology is expected to propel the growth of the public safety wireless communication systems market.

Based on geography, public safety wireless communication systems market is dominated by North America region in terms of revenue, owing its dominance to the implementation of digital age products such as AI. Asia Pacific region to witness fastest growth throughout the forecast period, owing to an upsurge in its smart city projects and increasing adoption of security solutions to counter terrorism and natural disasters. The emerging countries such as China and India of the APAC region provide enormous opportunities of growth, due to ever-growing incidents of terrorist activities and natural disasters among others. Thus bolstering the growth of the public safety wireless communication systems market.

Digital Signals to Dominate and Register Maximum Growth throughout the Forecast Period

Based on type, the global public safety wireless communication systems market is categorized into Analog Signals and Digital Signals. The widespread use of digital signals technology has overshadowed the market for analog signals technology which was a dominant technology over the past few decades. The adoption of digital products worldwide has led to the dominant position of digital signal technology. Digital signal is followed by Analog signal, which is gradually losing its popularity due to the replacement of this technology by digital technology. Digital signal is expected to register faster growth during the forecast period of 2019-2027. The demand for digital signals is fuelled by the advances made in this technology, which in turn propels the growth of global public safety wireless communication systems market.

North America Dominates; Asia Pacific Touted to Register Fastest Growth during the Forecast Period

North America region dominates and is the leader of the market, contributing largest revenue share to the global public safety wireless communication systems market followed by Europe and Asia Pacific respectively. This is due to emergence of advanced technologies and its implementation by various organizations in this region. North America being the early adopter of digital technology, which drives the growth of the public safety wireless communication systems market in this region. In contrast, Asia Pacific is set to register the fastest and largest growth during the forecast period. This growth is associated with the emergence of smart cities, increased terrorist activities and rising natural disasters among others, which creates the demand for effective and efficient public safety systems. Thus bolstering the growth of the public safety wireless communication systems market in this region.

Some of the leading manufacturers/developers profiled in the study include Nokia Corporation, AT&T, Inc., Motorola Solutions, Inc., Huawei Technologies Co., Ltd, Telefonaktiebolaget LM Ericsson, Hariss Corporation, ZTE Corporation, Cobham Wireless Plc, Inmarsat Plc, Hytera Communication Corporation Ltd., JVCKENWOOD Corporation, Mentura Group, Tait Communications, Telestra Corporation Ltd., Ascom Holding AG among others.

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Autonomous Vehicle Market expanding at a CAGR of 35.6%

 The global autonomous vehicle market is expected to expand at a CAGR of 35.6% during the forecast period from 2019 to 2027.

Market Insights

An Autonomous vehicle, sometimes also referred as a self-driving vehicle (SDV) uses technologies such as Artificial Intelligence (AI), LiDAR and Radar sensing for creating a 3D map in order to sense the environment and travel from one destination to another without human interference. Since it eliminates the need for a driver, it reduces operating costs for car rental service providers such as Uber, and Lyft among others. In addition, an autonomous vehicle helps customers to lower mobility cost by offering greater flexibility in terms of transportation to desired location, thereby providing a market for transport as a service (TaaS) and gradually lowering individual vehicle ownership rate. On the flip side, it raises the concerns on unemployment as humans will be replaced by robots.

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Autonomous vehicles such as robo-taxis operate on Autonomous Mobility on Demand (AMoD) service, touted to be one of the most rapidly adopted applications of autonomous vehicles, especially in developed economies such as the U.S., the UK among others. Automotive industry is going to see huge transformation due to growing R&D in autonomous vehicles, strict government regulations & inclination of automotive manufacturers towards the technology. Rising emissions have created a huge demand for fuel efficient and emission free vehicles. Robotic assistance is expected to be the solution for emission free and fuel efficient environment.

However, as mentioned earlier, unemployment will become a major issue as soon as this technology becomes fully commercial since humans will be replaced by robots. Cyber security threats will be higher as terrorists and hackers can exploit it by hacking into multiple models at the same time. Furthermore, huge capital investment and consequent need to increase R&D expense may pose challenge to new entrants in the market.

Autonomous vehicles is segmented by level of autonomy into two categories, namely semi-autonomous and fully autonomous. Autonomous vehicles with semi- autonomous technology represents those vehicles in which computer can handle two or more tasks simultaneously, while fully autonomous technologies are those which allow drivers to safely turn their attention away while driving. Fully autonomous is further categorized in two types namely: L4 autonomy and L5 autonomy. In L5 autonomous vehicle, the vehicle doesn’t require human interference as it is fully automated. Currently, the L4 vehicles are being monitored by human backup drivers and are geo-fenced whereas L5 vehicles are still being envisioned.

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Europe represents the largest autonomous vehicle market followed by North America. Europe is anticipated to witness strong growth as countries such as Germany, France, and the U.K. etc. are aggressively focusing on developing related infrastructure to test and deploy autonomous vehicles on large scale. Developing economies such as China, India, Japan and South Korea among others are also not lagging behind and are slated to become attractive markets in the years to come. The combination of factors including developing transport infrastructure, rapid urbanization and increased focus on environment & vehicle safety in countries such as China, Japan, and India is contributing towards growing demand in Asia-Pacific region.

Europe Dominates; Asia Pacific Touted to Register Fastest Growth during the Forecast Period

In 2018, Europe was the largest region which contributes a large part of value to the global autonomous vehicle market followed by North America and Asia Pacific respectively. Europe accounts for around 30% of the market share of global autonomous vehicle market. This is attributable to the significant growth in development of infrastructure observed across countries such as Germany, France, and the UK among others. Currently, new players from technology sector and mobility startups are leading and huge investments made by manufacturing organizations in research & development is projected to encourage the Europe autonomous vehicle market growth in the upcoming years. In contrast, North America is anticipated to register robust growth, during the initial years due to presence of state of the art infrastructure and rapid adoption of advanced technology in the region.

Some of the major autonomous vehicle manufacturers operating in the market include Tesla, Inc., Daimler AG, Lyft, Inc., Uber Technologies Inc., Volkswagen AG, Volvo Car Corporation, Waymo LLC, Ford Motor Company, General Motors Company, BMW AG, and Aptiv PLC among others. In addition, large number of collaboration between technology providers and manufacturers in the market is expected to further strengthen the competitive landscape of autonomous vehicle market worldwide.

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