Autonomous Electric Vehicle Market Top Key Players - General Motors, Tesla, Chery, Roewe(SAIC), BMW, VW Group, Renault- Nissan- Mitsubishi Alliance, Hyundai-KIA Motors, Cruise automation

Autonomous Electric Vehicle Market are usually referred to as driverless vehicles that operate themselves and perform all essential functions without a human intervention using AI control units required to receive inputs from different sensors. Such vehicles use a fully automatic driving system with which the vehicle can react to external irritation and react to external charms, just like a human driver by following a large area around the car, which form a 3D card. The signals form inputs and facilitate the electric drive train to react.

Is substriving combined over the sensors of sensors for the tens of tips such as Lidar, Radar, Sonar, Odometry and inertia meetings. The advanced operating systems built into the vehicles interpret the information of sensors to properly navigate and identify obstacles. The automation is achieved on the basis of various automation levels, as the automation level increases, increases the driverless size of the vehicle in terms of operation and control. Most of these cars make a map of their environment to work efficiently.

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AUTONOMOUS ELECTRIC VEHICLE MARKET DYNAMICS

• The autonomous electric vehicle market will grow on the CAGR of XX% to be 2026 $ xx billion value. Growth is mainly due to the companies that have started to resume their activities after the relaxation of the pandemic.

• The increasing development of initiatives of intelligent city initiatives around the world has the automotive market. Electrical autonomous vehicles facilitate the reduction in pollution and greenhouse emissions in smart cities and help reduce global warming. By using an autonomous technology, traffic accidents can be reduced by a less than 90%, which significantly increases the safety of the streets.

• Some countries in the North American region now develop digital infrastructure to promote communication between affiliated vehicles to reduce traffic and improve traffic safety. The AI-Core processor companies are developing in a quick pace to record the requirements of people and solve the security issues of autonomous technology.

AUTONOMOUS ELECTRIC VEHICLE MARKET SEGMENTATION

The global autonomous electric vehicle market is segmented based on different categories and levels of automation which are given below:

Based On The Type Of Electric Vehicle
• Fully electric.
• Hybrid

Based On The Levels Of Automation
• Level 0
• Level 1
• Level 2
• Level 3
• Level 4
• Level 5

Based On The Region
• US
• Europe
• Japan
• China
• ROW

CHALLENGES FACED BY THE AUTONOMOUS ELECTRIC VEHICLE INDUSTRY

• Security issues through this technology and Cyber security are the leading factors that are subject to the growth of autonomous vehicles. Hackers can break the firewalls established by companies, and steal data by using the routes of self-employed vehicles that are a great threat to the safety of passengers.

• For example, Arizona reported the first case in 2018 to kill a pedestrian area through an autonomous car due to a cyber security hack. In July 2020, some of the Cyber Security Research Associates chopped in the electric drive system of a Jeep Cherokee, you have access to the vehicle infotainment system via wireless operation, so you have the performance via the controller, gearbox and vize commands system.

COMPETITIVE LANDSCAPE

Tesla has announced the development of its reliable full-self-string system (FDS) with version 9, will soon be initiated in the company's future models. The company recently discarded the use of radar sensors to open the full camera, which is known as Tesla vision. The company exceeded in the quarterly profit of the April June district of 2021 in the amount of $ 1 billion, to leverage a milestone for the first time. Sales doubles almost about 12 billion US dollars from last year, which deserves 1.02 USD per share. It now has a market value of around $ 630 billion, which is greater than any automaker. The YLR model is sold out for new autonomous registrations for the third quarter 2021.

COMPANY PROFILES
• General Motors
• Tesla
• Chery
• Roewe(SAIC)
• BMW
• VW Group
• Renault- Nissan- Mitsubishi Alliance
• Hyundai-KIA Motors
• Cruise automation

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