Self driving car market Share, Size, Trends, & Industry Analysis Report 2019-2026
Published Date:May 2020 (Upgradation in process)
Category:Automotive & Transportation
Impact Analysis on the Growth of Market
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The autonomous cars market is propelled by the supportive government initiatives and policies for the self-driving technology. The government authorities are collaborating with automotive developers to accelerate innovations in the autonomous vehicle landscape. In 2016, the UK government launched the UK Autodrive project, which is a separate group currently testing automated car systems. The project is jointly funded by the government and auto industry leaders. Moreover, the growing concerns about safety among regulatory bodies and customers to safeguard vehicles and passengers will also drive the market.
Development of a supportive regulatory framework, government funding, and investments in digital infrastructure are expected to play a key role in positively affecting market growth over the forecast period. The market for autonomous cars and trucks has a wide range of products and systems that make up the self-driving vehicle infrastructure.
Autonomous vehicles are made up of numerous sensors, such as LiDAR and RADAR systems, working concurrently to carry out operations automatically or without the help of drivers. By performing situational analysis, motion planning, and trajectory control, these sensors help in the process of navigation.
There are many applications that enable owners to interact with the vehicle even from a certain distance. Even though all these features look attractive, automotive manufacturers face challenges with regard to providing security for these features, owing to the increasing rate of cyber-attacks. This attention to cybersecurity drives the market for automotive cybersecurity, worldwide.
A typical car communication system involves vital enhancements, including sensors that manage a driver's health (C2D), efficiency features of car-to-home (C2H), traffic patterns of car-to-car (C2C), and communications between cars-to-passengers (C2P).
Connected car and vehicle infotainment system features are at the forefront, enhancing the need for increasingly complex software-driven functionality.
Company Profiles of Top Players
By Regional Ananlysis
*Rest of Europe
*Rest of Asia-Pacific
*Rest of LATAM
Middle East & Africa
*Rest of MEA