PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1770813
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1770813
Autonomous Cars Market Introduction and Overview
According to SPER market research, 'Global Autonomous Cars Market Size- By Autonomy, By Fuel - Regional Outlook, Competitive Strategies and Segment Forecast to 2034' state that the Global Autonomous Cars Market is predicted to reach 5.59 trillion by 2034 with a CAGR of 11.39%.
Autonomous cars, also known as self-driving or driverless cars, are vehicles that use sensors, cameras, radar, and artificial intelligence to navigate and make decisions on their own. The Society of Automotive Engineers (SAE) has identified six degrees of driving automation, ranging from Level 0 (no automation) to Level 5 (full automation), where the vehicle can perform all driving operations in all situations without human input. Nowadays, most commercially accessible autonomous vehicles operate at Level 2 or Level 3, requiring some degree of human oversight.
Restraints: There are several significant barriers in the autonomous vehicle (AV) sector that could keep it from growing and gaining traction. Since different countries have varying legislation, there are major legal and regulatory barriers that make AV implementation more challenging and raise questions regarding accident liability. AVs' challenges with erratic road conditions, bad weather, and understanding intricate human behaviors underscore the technological limitations of present AI systems.
Scope of the report:
Report Metric Details
Market size available for years 2021-2034
Base year considered 2024
Forecast period 2025-2034
Segments covered By Autonomy, By Fuel
Regions covered North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa
Companies Covered Baidu, BMW, Ford Motor, General Motors, Hyundai Motor, Mercedes-Benz, Tesla, Toyota Motor, Volkswagen, Waymo.
Global Autonomous Cars Market Segmentation:
By Autonomy: Based on the Autonomy, Global Autonomous Cars Market is segmented as; Level 1, Level 2, Level 3, Level 4.
By Fuel: Based on the By Fuel, Global Autonomous Cars Market is segmented as; ICE, Electric, Hybrid.
By Region: This research also includes data for North America, Latin America, Asia-Pacific, Europe, Middle East & Africa.