Autonomous Vehicle Market Revenue Drivers, Growth Opportunities, Value Chain Analysis and Forecast Research Report, 2030
“The global autonomous vehicle market demand is accounted for 6.7 thousand units in 2020. The market is estimated to register 63.1% CAGR over the forecast duration, 2021 to 2030.”
The global autonomous vehicle market research report provides complete insights on industry scope, trends, regional estimates, key application, competitive landscape and financial performance of prominent players. It also offers ready data-driven answers to several industry-level questions. This study enables numerous opportunities for the market players to invest in research and development. Market Overview: The global autonomous vehicle market demand is projected to account for 4.2 million units by the end of 2030, registering over 63% CAGR, according to a new report by Million Insights. Also known as self-driving vehicles, these are the combination of sensors and several networking systems. Over the past few years, there has been significant development in the field of autonomous driving technology. Further, companies such as Google LLC and Tesla have upped their investment in research & development, thereby, attributing to the growth of the market. The favorable government initiatives and financial support are some of the major factors attributing to the growth of the self-driving vehicle market. A wide range of systems and products together contribute to the infrastructure of autonomous vehicles. Autonomous vehicles ensure the self-mobility of non-drivers and people with disabilities. Owing to the increasing technical advancements, these vehicles are equipped with a wide range of technologies and comfort systems, thereby, allowing people to read, relax and work while traveling. In addition, the demand for paid drivers is projected to reduce with the increasing penetration of selfdriving vehicles, thereby, offering cost-effective mobility solutions. Further, these vehicles would ensure the safety and effective utilization of road infrastructure.