Denmark Autonomous vehicle Market: Industry Analysis and Forecast (2022-2027) Statistics, Dynamics

  • Denmark Autonomous Vehicle Market  is expected to grow at a CAGR of 18% during the forecast period. Denmark Autonomous vehicle Market is expected to reach US$ Mn. in 2027 from US$ Mn in 2021 

  • Format : PDF | Report ID : SMR_653

Denmark Autonomous vehicle Market Overview:

Denmark has one of the region's most promising and fastest-growing automobile markets. The Danish automobile industry benefits from a variety of factors, including labour availability, R&D efforts, geographic advantage, and government support. The autonomous vehicle, also known as self-driving cars, has accelerated automation and connectivity. To assist and automate driving operations, the internet, computers, smartphones, and other advanced technologies are being integrated into vehicles. The Denmark’s highly functional transport infrastructure, a high degree of digitalization, technology preparedness and public acceptance of self-driving vehicles are estimated to propel the Denmark autonomous vehicle market during the forecasted period.

 

With a positive economic outlook and increased household purchasing power, automobile sales in the country are expected to skyrocket during the forecasted period (2022-2027).

 

Denmark Autonomous vehicle Market Dynamics:

  • As per KPMG Infrastructure and Transportation unit in Denmark, Denmark is in the top ten nations which are most ready for the Autonomous vehicles. It will be one of the ten countries which would be soonest able to allow self-driving cars on its roads. This was attributed to the Denmark’s highly functional transport infrastructure, a high degree of digitalization, technology preparedness and public acceptance of self-driving vehicles among other things. This was further demonstrated by the KPMG Autonomous Vehicles Readiness Index (AVRI).
  • Many pilot experiments for autonomous vehicles have already been conducted in Denmark, for example in the form of self-driving minibuses in Aalborg.
  • In May 2018, Denmark’s first Autonomous bus was launched by SNC-Lavalin's Atkins into use inside Zealand University Hospital, Køge. The driverless bus was the first actual test of a driverless bus in Denmark.
  • In January 2021, the traffic act was changed and it made testing of Autonomous vehicles possible in public spaces for Denmark.
  • Government funding, a supportive regulatory framework, and investment in digital infrastructure are expected to drive demand for self-driving cars during the forecast period. Furthermore, the government is investing billions of dollars in developing the first functional driverless cars in order to secure the country's future.
  • Aside from the benefits, the high cost of autonomous vehicles, as well as rising concern for security and safety, may restrain the Denmark Autonomous Vehicle market.

 

Denmark Autonomous vehicle Market Segment Analysis:

By application, the Denmark Autonomous vehicle market is segmented into Device and Software. The software segment is estimated to hold a larger market share owing to the various applications in different vehicle types.

 

Denmark Autonomous vehicle Market

 

 

Based on End-users, the Denmark Autonomous Vehicle is segmented into Commercial and Passenger vehicle. The early adoption of public transport solutions in Denmark is estimated to boost the growth and hold the largest market share for commercial segment of autonomous vehicles in Denmark.

 

The objective of the report is to present a comprehensive analysis of the Denmark Autonomous vehicle market to the stakeholders in the industry and region. The report provides trends that are most dominant in the Denmark Autonomous vehicle market and how these trends will influence new business investments and market development throughout the forecast period (2022-2027). The report also aids in the comprehension of the Denmark Autonomous vehicle Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Denmark Autonomous vehicle market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Denmark Autonomous vehicle market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the Denmark Autonomous vehicle market.

 

The report includes Porter's Five Force Model, which aids in the development of market business strategies. The report assists in determining the number of competitors, who they are, and the quality of their products in the Denmark Autonomous vehicle market. The report also examines whether it is easy for a new player to gain a foothold in the Denmark Autonomous vehicle market, whether they enter or exit the market on a regular basis, whether the market is dominated by a few players, and so on.

 

A PESTEL Analysis is also included in the report, which aids in the development of company strategies. Political factors influence how much a government can influence the Danish autonomous vehicle market. Economic variables aid in the analysis of economic performance drivers influencing the Danish autonomous vehicle market. Legal factors aid in understanding the impact of the surrounding environment and the impact of environmental concerns on the Danish autonomous vehicle market.

 

Denmark Autonomous vehicle Market Scope:

Denmark Autonomous vehicle Market

Market Segmentation

 

Market Indicators:

Details

by Application

  • Software
  • Devices
 

Historical Data:

2016-2020

by End-Users

  • Commercial vehicle
  • Passenger vehicle
 

Forecast Period:  

2022-2027

 

by Type

  • Semi-Autonomous
  • Fully Autonomous
 

Base Year:

2021

 

CAGR:

18 %

 

Market Size in 2021:

USD xx Million

 

Market size in 2027:

USD xx Million

 

 

Denmark Autonomous vehicle Market Key Players

  • SNC-Lavalin
  • Volkswagen Group
  • PSA group
  • Toyota
  • Ford
  • Citroen
  • Nissan
  • BMW
  • Hyundai
  • Kia


Frequently Asked Questions

Segmentation by Application (Devices, Software), by Type (Semi-Autonomous and Fully Autonomous), by End-users (Commercial, Passenger).

  1. Scope of the Report
  2. Research Methodology
    • Research Process
    • Denmark Autonomous vehicle Market: Target Audience
    • Denmark Autonomous vehicle Market: Primary Research (As per Client Requirement)
    • Denmark Autonomous vehicle Market: Secondary Research
  3. Executive Summary
  4. Competitive Landscape
    • Stellar Competition matrix
    • Key Players Benchmarking: by Product, Pricing, Investments, Expansion Plans, Physical Presence, and Presence in the Market.
    • Mergers and Acquisitions in Industry: M&A by Region, Value, and Strategic Intent
    • Market Dynamics
      • Market Drivers
      • Market Restraints
      • Market Opportunities
      • Market Challenges
      • PESTLE Analysis
      • PORTERS Five Force Analysis
      • Value Chain Analysis
  5. Global Denmark Autonomous Vehicle Market Segmentation
    • Global Denmark Autonomous Vehicle Market, by Application (2021-2027)
      • Software
      • Devices
    • Global Denmark Autonomous Vehicle Market, by Type (2021-2027)
      • Semi-Autonomous
      • Fully Autonomous
    • Global Denmark Autonomous Vehicle Market, by End-User (2021-2027)
      • Commercial
      • Passenger
  6. Company Profiles
    • Key Players
      • SNC-Lavalin
        • Company Overview
        • Product Portfolio
        • Financial Overview
        • Business Strategy
        • Key Developments
      • Volkswagen Group
      • PSA group
      • Toyota
      • Ford
      • Citroen
      • Nissan
      • BMW
      • Hyundai
      • Kia
  7. Key Findings
  8. Recommendations

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