The Impact Of Latest Technological Developments On Autonomous Cars Market

Autonomous cars are also called as driverless cars, self-driving cars, robot car or autonomous vehicles (AVs) and are able to navigate a predetermined destination without the help of human guidance. These cars rely on a combination of advanced vehicle systems such as advanced driver-assistance systems (ADAS), advanced emergency braking system (AEBS), comprehensive vehicle tracking systems, remote controlled systems, and advanced vehicle to everything connectivity.

Moreover, these technologies help to enhance vehicle performance and fuel efficiency, which is projected to increase consumer preference towards these cars. Growing smart city and connected infrastructure initiatives by government of various countries has led to increase in internet connectivity, road infrastructures, and highways, which will make the infrastructure suitable for autonomous cars, thereby boosting growth of the global autonomous cars market.

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Growth Factor:
Automated embedded system play an important role in improving vehicle performance, driver and pedestrian safety, and offer effective emission control. Advanced safety and comfort systems include sensors and micro controllers, which help to drive and navigate the car. Convenience system include features such as infotainment, electronic steering, automatic braking, collision avoidance, brake assist, driver warning, external airbags, and other embedded systems, which help to avoid crashing of car. These features of autonomous cars aid in growth of the global autonomous cars market.

Furthermore, increasing government investment on research and development activities to enhance infrastructure that is suitable for driving autonomous cars is expected to drive the market growth. For instance, Government of India allocated US$ 92.22 billion for infrastructure, according to the union budged 2018-2019. Growing internet availability and smart city concept is also expected to aid in the market growth.

Major players operating in the global autonomous cars market include: General Motors Company, Alphabet, Inc., Volkswagen Group, BMW AG, Renault SA, Tesla, Inc., Aptiv, Plc., Audi AG, Hyundai Motor Company, Honda Motor Company, Ltd, Toyota Motor Corporation, Daimler AG (Mercedes Benz), Kia Motor Corporation, and others.

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This release was published on openPR.