08-08-2017 09:31 AM CET - Advertising, Media Consulting, Marketing Research

Global Self-Driving Cars and Light Trucks Driven by Growing Demand for Autonomous Systems

Press release from: MarketResearchReports.biz

MarketResearchReports.biz has added a new research report to its database on the automotive and machines industries. The latest report to be added, titled “Self-Driving Cars and Light Trucks: Market Shares, Strategies, and Forecasts, Worldwide, 2017 to 2023,” is an in-depth explanation of the factors that are likely to drive or inhibit the growth of the market over the given forecast period.

One of the key factors currently propelling the global self-driving cars and light trucks market is the growing demand for autonomous systems. The manufacturing capabilities of leading car makers has improved significantly over the past few years, and several of them have already added self-driven car testing to their belts. Companies are also investing heavily into developing safe and secure self-driving software and technologies to allow for a seamless shift between manual and autonomous driving. A number of players are very close to commercially releasing semi-autonomous cars for consumers, a step that is expected to work tremendously in the favor of the global self-driving cars and light trucks market over time.

The global self-driving cars and light trucks market is expected to achieve momentous growth due to the growing number of self-driving cars and light trucks permits being issued to users in order to implement automated driving. Uber, Google, and similar companies, through their adoption of fleet vehicles, are likely to be the early adopter groups. Tesla, Mercedes, and Audi are among the vendors with a leadership position in the personal luxury vehicle self-driving car markets.

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Autonomous vehicle technology can make way for large scale changes in personal mobility. Autonomous cars are the next step towards the evolution of the automotive industry, and this segment is likely to be a huge thrust towards a large market replacement strategy. Self-driven cars are expected to be the foundation for creating large fleet services and personal vehicle services, a budding market especially applicable for larger cities. Silicon Valley companies are also tying up with car makers to introduce different attributes to building autonomous cars. Together they are finding common ground to transform the personal vehicle industry. One thing they are unlikely to transform is performance.

Players in the market, such as Apple, IBM, and Google are expected to lead in several aspects of it in order to be key software vendors for all upcoming segments in self-driving vehicles, along with cars and light trucks. IBM, for instance, has already taken a positive head start through its successful integrated solutions for middleware. Google has mindshare and early market success with its early market trials.

The leading players in the global self-driving cars and light trucks market so far, have included Google, BMW Group, Daimler AG / Mercedes-Benz, GM, Nissan, Toyota, Ford, Tesla, Fuji, Kairos, Hyundai, and Volkswagen / Audi.

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