Report Code: A07143 | Pages: NA | Jul 2023 | 3749 Views | ||
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Request Now !Self-driving cars are the vehicles that are capable of sensing the environment around and manoeuvring safely with a little or even no human support. These vehicles are installed with various sensors such as artificial intelligence (AI), light detection & ranging (LiDAR), radio detection and ranging (Radar), sound navigation and ranging (Sonar), global positioning system (GPS), and odometry sensing technology to analyses their surroundings. Â In addition, developments in technology used in self-driving vehicles such as facial expression detection and activities such as braking and accelerations to avoid possible accidents makes them more powerful, effectual, and attractive. Leading self-driving technology innovators have also stepped into the market because of a higher profit margin from self-driving car market.
Growth in technology & dynamic mobility application such as connected vehicle, need for safe, productive & efficient driving option and integrity of technology are driving the growth of the market. However, cybersecurity & safety concerns, and non-availability of required infrastructure in developing countries is expected to hamper the growth of the market. On the contrary, autonomous cars as a mobility service and robotic assistance helps in the growth of self-driving car can be seen as an opportunity for the market investments.
The self-driving car market trends are as follows:
Autonomous cars could reduce the number of accidents as it uses various sensors such as RADAR, LIDAR, cameras, and others which to avoid collision. Furthermore, self-driving cars are installed with numerous artificial intelligence codes, which have possibilities to be manipulated by the hackers. For example, if 40% of all cars on the road are connected, randomly stalling them during rush hour would mean total traffic freeze. Therefore, concerns regarding cybersecurity & safety of the vehicle will hamper the growth of the self-driving car market.
Key benefits of the report:
Questions answered in the self-driving car market research report:
Self-Driving Car Market Report Highlights
Aspects | Details |
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By Level of Automation |
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By Region |
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By Vehicle Type |
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Key Market Players | Mercedes Benz, Volkswagen group, Volvo cars, Toyota Motors, BMW, Google Inc, General motors, Tesla Inc, Ford motors, Apple Inc |
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