Autonomous Cars Market Size, Share, Growth Analysis, Trends And Forecast 2024-2033

The new report published by The Business Research Company, titled ""Autonomous Cars Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the autonomous cars market size has grown rapidly in recent years. It will grow from $1047.13 billion in 2023 to $1176.95 billion in 2024 at a compound annual growth rate (CAGR) of 12.4%. The autonomous cars market size is expected to see rapid growth in the next few years. It will grow to $1851.15 billion in 2028 at a compound annual growth rate (CAGR) of 12.0%.

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Smart Cities Fueling Growth In The Autonomous Cars Market
The rise in the development of smart cities is a key factor driving the growth of the autonomous cars market. Electric autonomous cars help reduce air pollution in smart cities and also help to fight climate change. By using driverless cars, traffic accidents can be decreased by 90%, significantly improving the safety of our roads. Several countries, such as Mexico, Canada, and the United States, are deploying digital infrastructure to promote communication between vehicles and networks to collect essential information, thereby reducing traffic congestion and improving road safety. Therefore, the rise in the development of smart cities is expected to drive the growth of the autonomous cars market.

Emergence Of Fully Autonomous Vehicles In The Autonomous Cars Market
Full automation vehicles are a key trend in the autonomous cars market. Full automation vehicles are capable of performing all driving functions in all circumstances. These vehicles are being designed to be used as Robo-taxis, among others, such as Waymo. Eventually, these self-driving cars will blend into U.S. roadways by improving technology across six stages of driver assistance in the forecast period, from no automation (where a fully engaged driver is still required) to full autonomation (where an automated vehicle runs independently without a human driver). Tesla has confirmed that it plans to provide a software update to its vehicles sometime by the end of 2019 or early 2020. Also, according to Wired, by the end of 2020, Tesla will be fully autonomous.

The autonomous cars market covered in this report is segmented -

1) By Automation Level: Level 1, Level 2, Level 3, Level 4, Level 5
2) By Product Type: Semi-Autonomous Vehicles, Fully-Autonomous Vehicles
3) By Application: Civil, Robo Taxi, Offline Taxis, Ride Hail And Ride Sharing, Other Applications

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Major companies operating in the autonomous cars market report are Toyota Motor Corporation, Volkswagen AG, The Mercedes-Benz Group AG, Ford Motor Company, General Motors Company, BMW AG, Honda Motor Co. Ltd., Nissan Motor Co. Ltd., Volvo Car Group, Tesla Inc., Hyundai Motor Company, Audi AG, PSA Group, Renault, Jaguar Land Rover, NIO, Daimler AG, Vauxhall, Kia, Haval, Chevrolet, Fiat

Contents of the report:
1. Executive Summary
2. Autonomous Cars Market Report Structure
3. Autonomous Cars Market Trends And Strategies
4. Autonomous Cars Market - Macro Economic Scenario
5. Autonomous Cars Market Size And Growth
…..
27. Autonomous Cars Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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