Self-driving Cars and Trucks Market to Hit Enormous Growth of 31.6% by 2028, Advancements in Sensor Technology, High-Definition Mapping and Adaptive Algorithm

Delvens published an exclusive market intelligence report, titled, "Self-driving Cars and Trucks Market to Hit Enormous Growth of 31.6% by 2028, Advancements in Sensor Technology, High-Definition Mapping and Adaptive Algorithm". Self-driving Cars and Trucks Market by Component (Radar, LiDAR, Ultrasonic, & Camera Unit), Vehicle (Hatchback, Coupe & Sports Car, Sedan, SUV), Level of Autonomy (L1, L2, L3, L4, L5), Mobility Type, EV, and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

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Self-driving Cars and Trucks Market Key Players:

Waymo
Pony.ai
AutoX
Baidu
Ford
Nvidia
BYD Co. Ltd.
Toyota
Aurora Innovation, Inc.

Factors that Add Value to Self-driving Cars and Trucks Market:

The demand for self-driving cars and trucks is increasing due to several factors. These vehicles have the potential to increase safety on the roads by eliminating human error, which is a leading cause of accidents. Due to this reason, many governments and regulatory bodies are actively supporting the development and deployment of self-driving technology. Further, advances in technology have made self-driving vehicles more reliable and capable of operating in a wider range of conditions. Companies such as Tesla, Google, and Uber are investing heavily in the development of self-driving technology, which is driving innovation and creating new business opportunities leading to the growth of the self-driving vehicles such as cars and trucks market in the coming years.

Self-driving Cars and Trucks Market Regional Analysis:

North American region holds a prominent position in the Self-Driving Cars and Trucks market as compared to other regions. Since this region is witnessing huge development in technology such as AI & ML, and sensors by leading companies in these areas, have the potential to reduce the environmental impact of transportation, could optimize their delivery routes, reduce fuel consumption, and minimize labor costs.

For instance, General Motors has been developing self-driving technology through its subsidiary, Cruise. In November 2020, Cruise received permission from the state of California to test its autonomous vehicles without a safety driver behind the wheel. TuSimple, a self-driving trucking company, has been testing its autonomous trucks in Arizona since 2017. In 2020, the company began expanding its operations to Texas and established partnerships with several major shipping companies. Therefore, these advancements and the expansion of their business segments contribute to the growth of Self-Driving Cars and Trucks in the upcoming years.

Table of Contents

Self-driving Cars and Trucks Market is segmented into Component, Electric Vehicle, Mobility Type, Level of Autonomy, Vehicle Type, System and region.

Self-driving Cars and Trucks Market On the basis of Component

Camera Unit
LiDAR
Radar Sensor
Ultrasonic Sensor
Infrared Sensor

Self-driving Cars and Trucks Market On the basis of Electric Vehicle

Battery Electric Vehicles (BEV)
Hybrid Electric Vehicles (HEV)
Plug-in Hybrid Electric Vehicle (PHEV)
Fuel Cell Electric Vehicle (FCEV)

Self-driving Cars and Trucks Market On the basis of Mobility Type

Shared Mobility
Personal Mobility

Self-driving Cars and Trucks Market On the basis of System

Adaptive Cruise Control (ACC)
Adaptive Front Light (AFL)
Automatic Emergency Braking (AEB)
Blind Spot Detection (BSD)
Cross Traffic Alert (CTA)
Driver Monitoring System (DMS)
Forward Collision Warning (FCW)
Intelligent Park Assist (IPA)
Lane Departure Warning (LDW)
Night Vision System (NVS)
Pedestrian Detection System (PDS)
Road Sign Recognition (RSR)
Tire Pressure Monitoring System (TPMS)
Traffic Jam Assist (TJA)

Self-driving Cars and Trucks Market On the basis of Autonomy

L1
L2
L3
L4
L5

Self-driving Cars and Trucks Market On the basis of Vehicle Type

Hatchback
Coupe & Sports Car
Sedan
SUV
Others

Self-driving Cars and Trucks Market On the basis of Region

Asia Pacific
North America
Europe
South America
Middle East & Africa

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