Self-Driving Cars Market 2022 Size, Share, Growth & SWOT Analysis of key players: Autoliv, Aptiv, Waymo, Robert Bosch & More

Self-driving cars or autonomous vehicles are cars that perform situational analysis, motion planning and trajectory control of the vehicles.

The Global Self-Driving Cars Market was valued at USD 20.3 million in 2021 and is estimated to reach USD 53.0 million in 2028 at a compound annual growth rate of 14.71% during the forecast period.

𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭@ https://www.extrapolate.com/sample/Automotive/self-driving-cars-market/18969

Self-driving autonomous or driverless vehicles have an automatic sensor system for environmental analysis. To aid and automate driving tasks, the Internet, smart technologies, smartphones, and computers are combined with vehicles to collect data for analysis. These automobiles represent a significant advancement in automation and communication technology, making these vehicles technologically advanced.

𝐅𝐚𝐜𝐭𝐨𝐫𝐬 "𝐃𝐫𝐢𝐯𝐢𝐧𝐠" 𝐆𝐫𝐨𝐰𝐭𝐡 𝐨𝐟 𝐒𝐞𝐥𝐟-𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐂𝐚𝐫𝐬 𝐖𝐢𝐭𝐡 𝐔𝐧𝐜𝐞𝐚𝐬𝐢𝐧𝐠 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬

Road accidents, fuel consumption, and insurance costs can be reduced by efficient usage of self-driving cars. Major automobile manufacturers are focusing on the production of these vehicles as the demand for self-driving cars has rapidly risen. During the projected period, this is anticipated to increase the market share for self-driving automobiles.

Autonomous vehicles can be operated with little or no human intervention. Multiple manufacturers have made significant investments in this market owing to the increasing benefits of these vehicles. The expansion of the market for self-driving cars is expected to be fueled by the development of ride-sharing technologies. For instance, Waymo LLC intends to expand after introducing self-driving taxis in Phoenix, Arizona.

𝐁𝐫𝐨𝐰𝐬𝐞 𝐌𝐨𝐫𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐬 𝐖𝐢𝐭𝐡 𝐓𝐎𝐂@ https://www.extrapolate.com/Automotive/self-driving-cars-market/18969

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐧𝐠 𝐢𝐧 𝐭𝐡𝐞 𝐆𝐥𝐨𝐛𝐚𝐥 𝐒𝐞𝐥𝐟-𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐂𝐚𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭:
-Autoliv Inc.
-Aptiv
-Waymo LLC
-Robert Bosch GmbH
-Daimler AG
-Baidu
-AutoX, Inc.
-Pony.ai
-Ford Motor Company
-HYUNDAI MOTOR GROUP
-Volvo

𝐑𝐢𝐬𝐢𝐧𝐠 𝐏𝐨𝐩𝐮𝐥𝐚𝐫𝐢𝐭𝐲 𝐨𝐟 𝐒𝐞𝐥𝐟-𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐂𝐚𝐫𝐬 𝐅𝐮𝐞𝐥𝐢𝐧𝐠 𝐓𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧 𝐒𝐦𝐚𝐫𝐭 𝐂𝐢𝐭𝐢𝐞𝐬

The growth of the self-driving cars market has been fueled by the revolution in automation and networking technology in self-drive cars. Self-driving cars have various pros and cons owing to the development of the self-driving car market. Rapid advancements in high-definition mapping, vehicle-to-vehicle and infrastructure-to-vehicle communication, adaptive algorithms, and advancements in sensor-processing technologies are driving factors to increase the manufacturing capabilities of advanced self-driving vehicles.

The adoption of cars with self-driving capabilities is rapidly improving convenience and comfort of the drivers while also reducing operating costs. Fully automated cars are improving the demand in the market for these vehicles as more leading manufacturers are aiming to manufacture advanced self-driving cars and boosting their growth. Ford, General Motors and Uber are likely to manufacture self-driving cars in the near future.

Smart city development and rising popularity of electric vehicles is aiding the growth of self-driving cars in the market. Smart cities usually have an aim to reduce air pollution to successfully combat climate change. By adoption of self-driving cars, traffic accidents can be significantly reduced to enhance road safety. Developing nations are boosting digital infrastructure to improve connectivity between vehicles and the potential customers.

Consumer safety has become an integral part of the population residing in densely populated regions. By efficient usage of cutting-edge technologies like artificial intelligence and the Internet of Things (IoT), top automakers are aiming to develop driverless cars. Government initiatives and policies are being implemented to improve customer safety and security are primarily what are driving the increased need to incorporate new technologies in autos.

AI-based cameras embedded in self-driving cars are improving product demand in developing countries and expanding the consumption of autonomous vehicles. With newer and advanced technological advancements, the global market for self-driving cars has seen a significant boost. Poor infrastructure-to-vehicle connectivity and inadequate lane marketing may hamper the growth of the market in urban areas.

𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐑𝐞𝐩𝐨𝐫𝐭@ https://www.extrapolate.com/enquire/Automotive/self-driving-cars-market/18969

𝐓𝐡𝐞 𝐒𝐞𝐥𝐟-𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐂𝐚𝐫𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐜𝐚𝐧 𝐛𝐞 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐞𝐝 𝐁𝐚𝐬𝐞𝐝 𝐎𝐧:

𝐁𝐲 𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭
-Radar
-LiDAR
-Ultrasonic
-Camera Unit

𝐁𝐲 𝐕𝐞𝐡𝐢𝐜𝐥𝐞 𝐓𝐲𝐩𝐞
-Passenger Cars
-Commercial Vehicles

𝐁𝐲 𝐓𝐲𝐩𝐞
-Fully Autonomous
-Semi-Autonomous

𝐁𝐲 𝐑𝐞𝐠𝐢𝐨𝐧
-North America- U.S., Mexico, Canada
-Europe- UK, France, Germany, Italy, Spain, Rest of Europe
-Asia-Pacific- China, Japan, India, South Korea, Rest of Asia Pacific
-South America- Brazil, Argentina, Colombia, Rest of South America
-The Middle East and Africa- GCC, South Africa, Rest of the Middle East & Africa

𝐀𝐬𝐢𝐚-𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐑𝐞𝐠𝐢𝐨𝐧 𝐄𝐱𝐩𝐞𝐫𝐢𝐞𝐧𝐜𝐢𝐧𝐠 𝐄𝐜𝐬𝐭𝐚𝐭𝐢𝐜 𝐆𝐫𝐨𝐰𝐭𝐡 𝐨𝐟 𝐒𝐞𝐥𝐟-𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐂𝐚𝐫𝐬

The self-driving cars market has been segmented by component on the basis of radar, LiDAR, Ultrasonic and Camera Units. In terms of the vehicle type, the market has been categorized into passenger cars and commercial vehicles. On the basis of product type, the market has been categorized into fully autonomous and semi-autonomous vehicles. In terms of regional analysis, the market has been categorized into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.

● In September 2022, Researchers at Oxford University's Department of Computer Science developed a novel artificial intelligence (A.I.) system in collaboration with colleagues from Bogazici University in Turkey to aid autonomous vehicles (A.V.s) with safer and more reliable navigation, particularly in adverse weather conditions.
● In September 2022, UberEats got into a collaboration with Nuro to deliver food through driverless cars in the United States with Nuro's self-driving cars.
● In August 2022, Xiaomi announced its in-house self-driving vehicles for the pilot technology and aims to build 140 test vehicles for the same.

The Asia-Pacific region has been witnessed as the region with the largest market for self-driving cars owing to customer preference for advanced technological features in cars and truly autonomous vehicles. Increased expense on R&D activities to boost productivity and achieve quick technical advancement has gained momentum. The market for self-driving cars is being driven by increased disposable income and rising demand for convenient driving experiences in emerging nations around the area.

For instance, Baidu, a major service provider of self-driving technology in China, invested USD 1500 million in research and development activities for the development of self-driving cars in the market. Europe has emerged as the second-largest market for autonomous driving cars owing to the rising investment in this sector. The European Union (EU) announced cooperation on AI technology to boost sales in the region during the forecast period.

𝐓𝐀𝐁𝐋𝐄 𝐎𝐅 𝐂𝐎𝐍𝐓𝐄𝐍𝐓𝐒:
Chapter 1. Executive Summary
Chapter 2. Research Methodology
Chapter 3. Market Outlook
Chapter 4. COVID-19 Impact On Self-Driving Cars Market
Chapter 5. Global Self-Driving Cars Market Overview, By Component, 2015 - 2028(USD Million)
Chapter 6. Global Self-Driving Cars Market Overview, By Vehicle Type, 2015 - 2028(USD Million)
Chapter 7. Global Self-Driving Cars Market Overview, By Type, 2015 - 2028(USD Million)
Chapter 8. Global Self-Driving Cars Market Overview, By Geography, 2015 - 2028(USD Million)
Chapter 9. North America Self-Driving Cars Market Overview, By Countries, 2015 - 2028(USD Million)
Chapter 10. Europe Self-Driving Cars Market Overview, By Countries, 2015 - 2028(USD Million)
....Continued

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