Selbyville, Delaware. The report Autonomous Cars Market Size and Analysis maintains enhanced dynamics and is overshadowed by a top player across the globe. The research report provides Autonomous Cars Market Growth and information corresponding to market segments such as geographies, product type, application, and end-use industry. Experts use the most recent Autonomous Cars Market research techniques and tools to assemble widespread and precise marketing research reports. A detailed outline about Autonomous Cars market size and share were combined in this report which gives a comprehensive analysis of different verticals of businesses.
The worldwide Autonomous Cars Market is anticipated to reach over 263,532 units by 2026 according to a new research published by The market research report. In 2017, North America accounted for the majority share in the global autonomous cars market.
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The increasing adoption of connected cars, along with growing need to automate driving to reduce human errors majorly drives the autonomous cars market growth.
Market players such as Google, BMW, and Mercedes are increasingly developing advanced technologies for self-driving cars. The increasing need for improved road safety, and increasing disposable income would encourage consumers to invest in autonomous cars. Other factors driving the autonomous cars market growth include technological advancement, growing adoption of IOT, and dynamic mobility services. New emerging markets, emerging consumer demographics, and significant investments in research and development would provide numerous growth opportunities in the market during the forecast period.
In March 2018, Nissan announced the integration of ProPilot Assist, its semi-autonomous driver assist system into its range of Nissan Altima cars. ProPilot Assist is a Level 2 self-driving system offering speed control, distance from other cars, and lane control with minimal input from the driver. Cameras integrated into the system are capable of detecting lane markings at highway speeds, adaptive cruise control, lane-keeping, and blind spot detection.
North America is expected to dominate the global autonomous cars market during the forecast period. This is due to high living standards and high disposable income.
Presence of global players in these countries taps market potential and boosts the market growth. Increasing technological advancements and significant investments in research and development for development of self-driving cars support the market growth in this region. The government regulations regarding testing of driverless automobiles on public roads enables market players to introduce advanced self-driving technologies.
The major companies operating in the autonomous cars market include General Motors, Alphabet Inc., Uber, Daimler, BYD, Nissan, Honda Motor Corporation, Tesla Motors, Bayerische Motoren Werke AG, and Mercedes-Benz among others. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
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