Self-Driving Cars Market Industry Analysis, Growth, Trends and Forecast – 2028

 

The global self-driving cars market is anticipated to grow at a considerable CAGR of 20.5% during the forecast period (2022-2028). Self-driving cars also known as autonomous cars, robotic cars, or driver-less cars are capable of sensing their environment and moving accordingly with safety and negligible human inputs. The major factor attributing to the growth of the global self-driving car market includes the increasing adoption of advanced driver assistance systems (ADAS) by people across the globe due to increasing fatalities on the road. According to the report published by the World Health Organization (WHO) in June 2021, around 20 million to 50 million non-fatal injuries occur across the globe every year due to road traffic accidents. ADAS provides various advanced features along with artificial intelligence avoiding distractions and reducing pressure on the driver. The features include intelligent speed assistance, a parking assistance system, lane departure warning, adaptive cruise control, electronic brake distribution, and autonomous emergency braking. Thus, increasing the sales of self-driving cars.

Self-Driving Cars Market Segmentation:

By Type

• Semi-Autonomous
• Fully-Autonomous

By Vehicle Type

• Sedan
• Hatchback
• SUV
• MPV
• Others

By Application

• Civil
• Defense
• Logistics
• Others

Competitive Landscape- AB Volvo, Tesla Inc., General Motors Co., Ford Motor Co., and Volkswagen AG, among others.

Geographic Coverage

• North America Market Size and/or Volume
• Latin America Market Size and/or Volume
• Europe Market Size and/or Volume
• Asia-Pacific Market Size and/or Volume
• Rest of the world Market Size and/or Volume

Key questions answered in this report:

• What is the size of the Self-Driving Cars market and what is its expected growth rate?
• What are the primary driving factors that push the Self-Driving Cars Market forward?
• What are the Self-Driving Cars Industry’s top companies?
• What are the different categories that the Self-Driving Cars Market caters to?
• What will be the fastest-growing segment or region?
• In the value chain, what role do essential players play?
• What is the procedure for getting a free copy of the Self-Driving Cars Market sample report and company profiles?