Autonomous Cars or Driverless Cars Market

Autonomous Cars or Driverless Cars Market by Type (Semi-autonomous Vehicles, Fully-autonomous Vehicles) by Application (Passenger Car, Commercial Vehicle) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Autonomous Cars or Driverless Cars in terms of revenue?

    The global Autonomous Cars or Driverless Cars valued at 22.31 Billion in 2020 and is expected to reach 65.20 Billion in 2028 growing at a CAGR of 19.32%%

  • Which are the prominent players in the market?

    The prominent players in the market are Baidu Inc., Nissan Motor Company Ltd., Tesla Motors Inc., The Volvo Group, Apple Inc., Alphabet Inc..

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 19.32%% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Autonomous Cars or Driverless Cars include

    • The increasing adoption of ADAS owing to the advancement in technologies such as software algorithms, sensors, cameras, processors, and mapping has improved the applicability of ADAS in vehicles and is expected to fuel the growth of the autonomous car market in the years to come. ADAS assist drivers with the use of artificial intelligence and other technologies, thereby avoiding distractions occurred for the driver. In addition, rising concerns of the safety and security of vehicles and consumers to reduce the percentage of road fatalities, automotive manufacturers are incorporating ADAS in vehicles, thus fuelling the autonomous cars market growth.
    • The rising car sale across the globe is anticipated to augment the growth of the autonomous cars market during the forecast period. This is owing to the rapid urbanization, industrialization, rising disposable income of the consumers, and advancement of technologies. Furthermore, the constant upgradation and updates of various features associated to the system are anticipated to offer new avenues for the growth of the autonomous cars market in the upcoming years.

  • Which region accounted for the largest share in the market?

    North America was the leading regional segment of the Autonomous Cars or Driverless Cars in 2020.

Request Sample Buy Now