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Autonomous Vehicles: Driving Innovation in the Self-Driving Car Market

Self-Driving Car Market Overview and Insights:
According to IMR Market Reports, The Global Self-Driving Car Market size is expected to grow from USD 26270 Million in 2023 to USD 65330 Million by 2030, at a CAGR of 13.90% during the forecast period (2023-2030).

A self-driving car, also known as an autonomous car, driverless car, or robotic car (robo-car), is a car that is capable of traveling without human input and has witnessed increasing demand from Automotive and other industries globally. Self-driving cars use sensors to perceive their surroundings, such as optical and thermographic cameras, radar, lidar, ultrasound/sonar, GPS, odometry, and inertial measurement units. Control systems interpret sensory information to create a three-dimensional model of the vehicle's surroundings. Based on the model, the car then identifies an appropriate navigation path and strategies for managing traffic controls (stop signs, etc.) and obstacles.

Who are the key players operating in the industry?
Waymo LLC (USA), Tesla (USA), General Motors (USA), Ford (USA), BMW (Germany), Volkswagen (Germany), Mercedes-Benz (Germany), Audi (Germany), Toyota (Japan), Honda (Japan), Nissan (Japan), Volvo (Sweden), Hyundai (South Korea), Kia Motors (South Korea), Baidu (China), Uber (USA), Lyft (USA), Aptiv (Ireland), Nvidia (USA), Intel (USA), Mobileye (Israel), Continental (Germany), ZF Friedrichshafen AG (Germany), Bosch (Germany), Magna International (Canada), and Other Major Players

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5 months ago

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