Press release
Autonomous Car Technology Market Analysis, Growth Factors and Dynamic Demand by 2032
Autonomous Car Technology Market
With incredibly sophisticated machinery connected to smartphones, autonomous cars are being produced, providing potential for market businesses to draw in clients. Government regulations are getting stricter in an effort to improve road safety. Recent technological advancements in the fields of artificial intelligence, machine learning, and other sensors including RADAR, LIDAR, GPS, and computer vision have enabled manufacturers to improve self-driving capabilities in automobiles. These developments are driving market growth over the forecast period.
Growth Factors
During the forecast period, it is assumed that government funding, a supportive regulatory environment, and investments in digital infrastructure will positively influence demand for autonomous vehicles. Additionally, it enables independent mobility for both non-drivers and people with disabilities. They provide a high level of comfort and flexibility for people to work, read, or rest while travelling, which boosts productivity. Additionally, the automotive sector has seen a rise in technical diversity and autonomous vehicles. After the introduction of electric and hybrid automobiles, autonomous vehicles represent a technological advance in the automotive sector. Accidents caused by human mistake are occurring more frequently, which has made it necessary for autonomous technology to enter the automotive industry.
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Market Dynamics:
High demand for luxury cars is making future
Desire for self-driving cars is anticipated to rise during the predicted period due to demand for luxury vehicles. The German automakers that rule the luxury car market worldwide include Mercedes-Benz, BMW, and Audi. The shift in consumer preferences has increased the demand for high-quality items, which has boosted luxury car sales worldwide. Despite the downturn in the global auto industry, large BMW's automotive division grew in 2020.
Can robotaxi change market strategies and the future?
Due to improvements in automatic driving system (ADS) and self-driving car technology, deployments of robotic taxis (robotaxi) are increasing quickly. Robotaxis has the potential to improve accessibility for vehicles, safety by lowering accidents caused by human mistake, and sustainability by increasing the likelihood that there will be more electric vehicles on the road. Robotaxi deployments increased as a result of advancements in the autonomous vehicle market, but for this industry to advance into a new era of future mobility, participants must manage local constraints, overcome difficult data hurdles, and build linked car ecosystems.
Global Autonomous Car Technology Market: Major Players
• Cisco
• Hyundai
• Mazda
• Toyota
• Tesla
• Google
• Delphi
• General Motors
• BMW
• Mitsubishi
• Audi
• Cohda Wireless
• Volvo
• Fiat Chrysler Automobiles
• Altera
• Nissan
• Aisin Seiki
• Ford
• Honda
• Daimler
Global Autonomous Car Technology Market: Types
• Advanced Driver Assistance System (ADAS)
• Semi-autonomous Car Technology
• Fully-autonomous Car Technology
Global Autonomous Car Technology Market: Applications
• Adaptive Cruise Control (ACC)
• Blind Spot Monitoring (BSM)
• Forward Collision Warning (FCW)
• Intelligent Speed Adaptation (ISA)
• Lane Departure Warning (LDW)
• Night Vision System (NVS)
• Parking Assistance (PA)
• Pedestrian Detection System (PDS) and LIDAR
• Adaptive Front Lights (AFL)
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Key Questions Answered in This Report:
• How has the global Market performed so far and how will it perform in the coming years?
• What are the key regional Markets?
• What has been the impact of COVID-19 on the global Market?
• What is the breakup of the Market based on the type?
• What is the breakup of the Market based on the application?
• What is the breakup of the Market based on the manufacturing process?
• What is the breakup of the Market based on the price range?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global Market and who are the key players?
• What is the degree of competition in the industry?
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Analytics Market Research is an established market analytics and research firm with a domain experience sprawling across different industries. We have been working on multi-county market studies right from our inception. Over the time, from our existence, we have gained laurels for our deep rooted market studies and insightful analysis of different markets.
Our strategic market analysis and capability to comprehend deep cultural, conceptual and social aspects of various tangled markets has helped us make a mark for ourselves in the industry. Analytics Market Research is a frontrunner in helping numerous companies; both regional and international to successfully achieve their business goals based on our in-depth market analysis. Moreover, we are also capable of devising market strategies that ensure guaranteed customer bases for our clients.
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