Autonomous Cars Market is expected to generate a revenue of USD 15.55 Billion by 2030, Globally, at 31.19% CAGR: Verified Market Research®

The market report is a good combination of qualitative and quantitative data that highlights significant market changes, obstacles that business and the competition must overcome, as well as new possibilities and trends in the global Autonomous Cars Market

JERSEY CITY, N.J., Feb. 3, 2023 /PRNewswire/ -- Verified Market Research® recently published a report, "Autonomous Cars Market" By Type (Fully Autonomous Vehicles, Semi-Autonomous Vehicles), By Vehicles Type (Passenger Cars, Commercial Vehicles), and By Geography.

As per the deep research carried out by Verified Market Research®, the global Autonomous Cars Market size was valued at USD 1.35 Billion in 2021 and is projected to reach USD 15.55 Billion by 2030, growing at a CAGR of 31.19% from 2023 to 2030.

Download PDF Brochure: https://www.verifiedmarketresearch.com/download-sample?rid=33883

Browse in-depth TOC on "Autonomous Cars Market"

202 - Pages
126 – Tables
37 – Figures

Global Autonomous Cars Market Overview

An autonomous vehicle is one that can drive itself without the need for human intervention. Various types of self-driving or autonomous vehicles are developed based on their level of automation. The level was defined by the Society of Automotive Engineers (SAE), and the US Department of Transportation has adopted six sets of them, ranging from Level 0 (fully manual) to Level 5. (fully autonomous). Autonomous vehicles rely on artificial intelligence (AI) and machine learning (ML) systems to "understand" their surroundings and respond to algorithms. Using computer vision functions in conjunction with actuators and sophisticated sensors, they create a constantly updated map of their surroundings that detects the presence of nearby vehicles and pedestrians, detects uneven surfaces on road sidewalks, and measures distances.

The primary driver of the market is the growing demand for connected cars that use the internet of things. Car drivers improve their performance by receiving real-time feedback from high-speed in-memory computing systems built into connected cars via the Internet of Things. Its built-in computers suggest collecting, analysing, and storing data to aid decision-making. The increasing adoption of connected cars boosts the market for autonomous and semi-autonomous vehicles. Another factor is the countries' growing development of smart cities, which focuses on growth from transportation infrastructure to smart cities. The increased development of smart cities is a factor driving the Autonomous Cars Market's growth.

Verified Market Research® narrows down the available data using primary sources to validate the data and use it in compiling a full-fledged market research study. The report contains a quantitative and qualitative estimation of market elements that interests the client. The "Global Autonomous Cars Market" is mainly bifurcated into sub-segments which can provide classified data regarding the latest trends in the market.

Key Players

The "Global Autonomous Cars Market" study report will provide valuable insight with an emphasis on the global market.  The major players in the market are Nissan Motor Co. Ltd., Google Inc., General Motors Company, Uber Technologies Inc., Toyota Motor Corp., Volkswagen AG, Tesla Inc., Daimler AG, Volvo Cars, and BMW.

Based on the research, Verified Market Research® has segmented the global Autonomous Cars Market into Type, Vehicles Type, And Geography.

• Autonomous Cars Market, by Type
• Fully Autonomous Vehicles
• Semi-Autonomous Vehicles
• Autonomous Cars Market, by Vehicles Type
• Passenger Cars
• Commercial Vehicles
• Autonomous Cars Market, by Geography
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• France
• U.K
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• ROW
• Middle East & Africa
• Latin America

Browse Related Reports:

Autonomous Technology Market By Product (Semi-Autonomous Car Technology, Fully-Autonomous Car Technology), By Application (Adaptive Cruise Control (ACC), Automatic Emergency Braking (AEB), Adaptive Front Lights (AFL)), By Geography, And Forecast

Autonomous Vehicle Market By Automation (Level 1, Level 2, Level 3), By Component (Hardware, Software, and Service), By Application (Transportation and Logistics, Civil, Defence), By Geography, And Forecast

Self-driving Cars And Trucks Market By Application (Defense, Finance, Insurance, and Transportation), By Geography, And Forecast

Autonomous Car Consumption Market By Product (LDWS , PAV , ACC , AEB), By Application (Passenger Car , Commercial Vehicle), By Geography, And Forecast

Leading self-driving car manufacturers sensing environment without human involvement

Visualize Autonomous Cars Market using Verified Market Intelligence -:

Verified Market Intelligence is our BI Enabled Platform for narrative storytelling in this market. VMI offers in-depth forecasted trends and accurate Insights on over 20,000+ emerging & niche markets, helping you make critical revenue-impacting decisions for a brilliant future.

VMI provides a holistic overview and global competitive landscape with respect to Region, Country, Segment, and Key players of your market. Present your Market Report & findings with an inbuilt presentation feature saving over 70% of your time and resources for Investor, Sales & Marketing, R&D, and Product Development pitches. VMI enables data delivery In Excel and Interactive PDF formats with over 15+ Key Market Indicators for your market.

About Us

Verified Market Research® is a leading Global Research and Consulting firm servicing over 5000+ customers. Verified Market Research® provides advanced analytical research solutions while offering information-enriched research studies. We offer insight into strategic and growth analyses, Data necessary to achieve corporate goals and critical revenue decisions.

Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance use industrial techniques to collect and analyze data on more than 15,000 high impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise and years of collective experience to produce informative and accurate research.

We study 14+ categories from Semiconductors & Electronics, Chemicals, Advanced Materials, Aerospace & Defense, Energy & Power, Healthcare, Pharmaceuticals, Automotive & Transportation, Information & Communication Technology, Software & Services, Information Security, Mining, Minerals & Metals, Building & Construction, Agriculture industry and Medical Devices from over 100 countries.

Contact Us
Mr. Edwyne Fernandes
Verified Market Research®
US: +1 (650)-781-4080
UK: +44 (753)-715-0008
APAC: +61 (488)-85-9400
US Toll Free: +1 (800)-782-1768
Email: sales@verifiedmarketresearch.com
Web: https://www.verifiedmarketresearch.com/
Follow Us: LinkedIn | Twitter

Logo: https://mma.prnewswire.com/media/1315349/Verified_Market_Research_Logo.jpg