A self-driving car refers to a vehicle that makes use of a combination of artificial intelligence (AI), radars, cameras, and sensors to travel between various destinations sans any human effort. Such cars are also known as autonomous cars or driverless cars. It is essential for a vehicle to be able to navigate without any human involvement to be considered as a fully autonomous vehicle. It needs to steer through roads to reach an already determined destination. The industry of self-driving car is expanding rapidly. Investment in this type of cars is growing, thanks to the growing interest of car companies and individuals. Request Sample- https://www.transparencymarketresearch.com/sample/sample.php? flag=S&rep_id=70608 Continental AG, Ford Motor Company, Robert Bosch GmbH, Honda Motor Co., Ltd, Volkswagen AG., and Toyota Motor Corporation are some of the companies profiled in the global self-driving car market. Transparency Market Research has come up with an all-inclusive study on the global self-driving car market, for the period 2019 to 2030. The report estimates that the global self-driving car market is likely to expand at staggering 89% CAGR. The market is estimated to reach US$ 40 Bn through 2030 Presence of Leading Market Players Drives Growth in the U.S. Market Considering geographical segmentations of the global self-driving car market, the US is regarded as one of the major hubs of companies operating in the autonomous vehicles market. The major manufacturers of such cars are diverting all their attention of the establishment of ride-hailing services and automatic vehicle fleet. Enquiry Before Buying- https://www.transparencymarketresearch.com/sample/sample.php? flag=EB&rep_id=70608 The country is home to the numerous numbers of companies in this type of car industry with nearly 163 headquarters. Germany is next to the US, when it comes to the presence of autonomous vehicle companies. Many leading automotive manufacturers together with ride sharing companies like Uber and Lyft are stressing on research and development activities to the development of new-age autonomous vehicles. However, the US has comparatively fewer stations for charging such vehicles Recently, the UK has initiated changing their standards and regulations pertaining to the plying of autonomous cars on road. The country has also made an offer of financial support for the introduction of automatic cars by 2021. The transport department is aiming to legalize the operation of such cars on public roads. Get COVID-19 Analysis- https://www.transparencymarketresearch.com/sample/sample.php? flag=covid19&rep_id=70608 Increased Adoption of Advanced Technologies for Vehicle Safety Spells Growth The global self-driving car market is estimated to be driven by the technological advancement made in the automotive industry together with the rising adoption of advanced driver-assistance systems (ADAS) sensors to better safety of vehicles. Safety of vehicles plays an extremely important role in the vehicle automation industry. Growing adoption of technologies ensuring safety of vehicles is likely to play an important role in the growth of global self-driving car market.
In addition, growth of the global self-driving car market is also influenced by the expansion of the automotive industry. Rapid adoption of newer technologies has helped in the saving of countless lives on road, which are lost due to lost owing to traffic accidents every year. These accidents mainly take place due to human error. Request Brochure- https://www.transparencymarketresearch.com/sample/sample.php? flag=B&rep_id=70608 The information shared in this review is based on a TMR report, bearing the title, “Self-driving Car market (Fuel - ICE, Hybrid, and Electric; Level of Autonomy - Level 4 and Level 5; Hardware - Ultrasonic Sensors, LiDAR, RADAR, Cameras, Vision Detectors, and GPS Receivers; Usage – Personal and OnDemand Service)- Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2019 to 2030” More Trending Reports by Transparency Market Research – Marine Turbocharger Market : The growing economic prosperity is leading to increasing participation in water-based adventure sports among individuals of various age groups. Individuals and families travel to far-off coastal locations that are developed for marine recreation. Large section of populations in emerging economies with disposable income is leading to increasing ownership of yachts and powerboats for recreation. This explains significant share of Asia Pacific of the marine turbocharger market. Automotive Engine Air Filter Market: Surge in shipping and transportation activities, owing to the expansion of the e-Commerce industry is leading to a rise in the demand for light as well as heavy commercial vehicles globally. This factor, in turn, is bolstering the global automotive engine air filter market. About Us Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information. Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. Contact Rohit Bhisey Transparency Market Research 90 Sate Street, Suite 700, Albany, NY 12207 USA – Canada Toll Free: 866-552-3453
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