Latest added Driverless Vehicles Market research study by AMA Research offers detailed outlook and elaborates market review till 2032. The market Study is segmented by key regions that are accelerating the marketization. At present, the market players are strategizing and overcoming challenges of current scenario; some of the key players in the study are Google, Inc. (United States), Daimler AG (Germany), Ford Motor Company (United States), Toyota Motor Corporation (Japan), BMW AG (Germany), Audi AG (Germany), AB Volvo (Sweden), Dutch Automated Vehicle Initiative (DAVI) (United States) etc.
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Driverless cars are automated cars that have all of the key capabilities of traditional cars. The driverless car is also known as autonomous cars, robotic cars, or self-driving cars. Increasing traffic accidents are a major factor for technology providers in developing a safe and efficient transportation system. Also; The driverless car is expected to reduce fuel consumption by 10% and insurance costs by 30%, driving the market exponentially. A majority of manufacturers have shown great interest in the development, manufacture, and marketing of driverless cars in the coming years. The automotive and transportation industries are among the industries hardest hit by the ongoing COVID-19 outbreak and are currently in unprecedented uncertainty. COVID-19 is expected to have a significant impact on the supply chain and product demand in the automotive sector. Industry concern has shifted from focusing on disrupting the supply chain from China to the general slump in demand for automotive products. Demand for commercial vehicles is expected to decline with the discontinuation of all non-essential services. In addition, changes in consumer buying behavior due to the uncertainty surrounding the pandemic could have a serious impact on the growth of the industry in the near future. In the meantime, liquidity bottlenecks and the liquidity crisis have already affected the sales of the fleet operators, which is expected to increase further in the coming months. We are continuously monitoring the COVID-19 pandemic and assessing its impact on the growth of the automotive and transportation industries.
Influencing Trend: Rise of the Mobility as a Service (Maas) Sector
Rising Acceptance of Autonomous Vehicles by End-Users
Rising Safety Concerns
Challenges: The Lack of Infrastructural Development
Opportunities: Rising Technological Developments of Automobiles
A Rise in Development of a Supportive Regulatory Framework, Government Funding, and Investments in Digital Infrastructure
Market Growth Drivers: Increased Road Accidents
Growing Technology Providers to Develop a Safe and Efficient Transportation System
Growing Demand for Smart and Automated Vehicle Systems
The Global Driverless Vehicles segments and Market Data Break Down by Type (Conventional, Hybrid Vehicle, Electric Vehicle), Application (Individual, Industrial, Commercial), Components (Semi-Autonomous & Autonomous, Artificial Intelligence, Radar, Camera, LIDAR, Ultrasonic Sensor), Features (Adaptive Cruise Control (ACC), Lane Assist (LA), Intelligent Park Assist (APA), Smart Park Assist (SPA), Automatic Emergency Braking (AEB), Blind Spot Detection (BSD), Collision Warning System (CWS), Cross Traffic Alert (CTA), Traffic Jam Assist (TJA))
Know your current market situation! Not just new products but ongoing products are also essential to analyze due to ever-changing market dynamics. The study allows marketers to understand Driverless Vehicles Market consumer trends and segment analysis where they can face a rapid market share drop. Figure out who really the competition is in the marketplace, get to know market share analysis, market position, % Market Share, and segmented revenue.
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