Autonomous Vehicle Market Report Analysis, Research Studies | Daimler AG, Ford Motor Company, General Motors, Honda Motor Co., Ltd.

𝗧𝗵𝗲 𝗴𝗹𝗼𝗯𝗮𝗹 𝗔𝘂𝘁𝗼𝗻𝗼𝗺𝗼𝘂𝘀 𝗩𝗲𝗵𝗶𝗰𝗹𝗲 𝗠𝗮𝗿𝗸𝗲𝘁 𝗶𝘀 𝗽𝗿𝗼𝗷𝗲𝗰𝘁𝗲𝗱 𝘁𝗼 𝗮𝗰𝗵𝗶𝗲𝘃𝗲 𝗮 𝗰𝗼𝗺𝗽𝗼𝘂𝗻𝗱 𝗮𝗻𝗻𝘂𝗮𝗹 𝗴𝗿𝗼𝘄𝘁𝗵 𝗿𝗮𝘁𝗲 (𝗖𝗔𝗚𝗥) 𝗼𝗳 𝟯𝟱.𝟳% 𝗯𝘆 𝟮𝟬𝟯𝟭.

The global autonomous vehicle market. The market is expected to expand at a compound annual growth rate (CAGR) of 35.7% during the forecast period from 2024 to 2031. Autonomous vehicles, or driverless cars, have the capability to sense their environment and perform critical driving tasks without human intervention.

𝗚𝗲𝘁 𝗮 𝗙𝗿𝗲𝗲 𝗦𝗮𝗺𝗽𝗹𝗲 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗣𝗗𝗙 - https://www.datamintelligence.com/download-sample/autonomous-vehicle-market

𝗞𝗲𝘆 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁𝘀:

• On November 25, 2021, Tesla Inc. announced that it is expanding access to its automatic driving feature.

• Previously restricted, this feature is now available to all customers in North America.

• The move marks a significant step in Tesla's commitment to enhancing autonomous driving capabilities.

• This expansion is expected to increase the adoption of Tesla's advanced driver assistance systems across the region.

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬:
The increasing demand for road safety is a major driver for the global autonomous vehicle market. However, the high cost of testing procedures could pose a significant restraint.

Growing Road Safety Concerns

Autonomous vehicle technology offers several potential advantages over human-driven vehicles, notably in enhancing road safety. While vehicle accidents result in numerous fatalities annually, automated vehicles may reduce these numbers due to their more precise software compared to human drivers. Additionally, autonomous vehicles could alleviate traffic congestion by reducing accidents and eliminating human errors that contribute to stop-and-go traffic. They also offer the convenience of allowing passengers to rest during long trips and can provide transportation options for those who are unable to drive due to age or disabilities. These factors collectively drive the growth of the global autonomous vehicle market.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗲𝗴𝗺𝗲𝗻𝘁 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀:

By Component: LiDAR, Radar Sensor, Ultrasonic Sensor, Infrared Sensor, Others

By Mobility Type: Shared Mobility, Personal Mobility

By Level of Autonomy: (L2, L3, L4, L5)

By Propulsion Type: Semi-Autonomous, Fully Autonomous

By Vehicle Type: Passenger, Commercial

By Application: Civil, Defense, Transport & Logistics, Construction, Others

𝗚𝗲𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗶𝗻 𝘁𝗵𝗲 𝗿𝗲𝗽𝗼𝗿𝘁 𝗮𝘀 𝗽𝗲𝗿 𝘆𝗼𝘂𝗿 𝗿𝗲𝗾𝘂𝗶𝗿𝗲𝗺𝗲𝗻𝘁𝘀 - https://www.datamintelligence.com/customize/autonomous-vehicle-market

𝗠𝗮𝗷𝗼𝗿 𝗞𝗲𝘆 𝗽𝗹𝗮𝘆𝗲𝗿𝘀

• Tesla, Inc.
• AB Volvo
• BMW AG
• Daimler AG
• Ford Motor Company
• General Motors
• Honda Motor Co., Ltd.
• Nissan Motors Co., Ltd.
• Toyota Motor Corporation
• Volkswagen AG

* 𝗡𝗼𝘁𝗲:

Additionally, I wanted to highlight that the full version of the report includes an in-depth analysis of emerging players and startups, which will provide valuable insights into the evolving market landscape and key strategies being adopted.

𝗥𝗲𝗹𝗮𝘁𝗲𝗱 𝗥𝗲𝗽𝗼𝗿𝘁𝘀:

Autonomous Farm Equipment Market: https://datamintelligence.com/research-report/autonomous-farm-equipment-market

Automotive Electronics Market: https://datamintelligence.com/research-report/automotive-electronics-market

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