Press Releases From 06/24/2018 Until 06/24/2018

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Autonomous Vehicle Market by Level of Automation - Global Opportunity Analysis and Industry Forecast, 2019-2026

LogoAutonomous vehicle is a robotic vehicle that is designed to travel between destinations without a human operator. They combine sensors and software to control, navigate, and drive the vehicle. Autonomous vehicle uses LiDAR, and RADAR sensors for its operation. Most self-driving systems create and maintain an internal map of their surroundings, based on these sensors. The factors such as mobility as a service, reduction in accidents caused due to driver's error and reduction of hazardous gas carbon dioxide) by using driverless cars, stringent government regulations regarding safety supplement the growth of the market. However, operation issues in certain types of environment, difficulties in identifying human behavior, and lack of abilities to perform in uncertain situations hamper this stated growth. Furthermore, increase in penetration of smart cars, and favorable government regulation are expected to present numerous opportunities for market expansion.

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