Autonomous Car Market Industry Trends, Statistics, Analysis by 2024

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Autonomous Car Market Size By Industry Analysis,
Regional Outlook, 2016 2024 Global Market
Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Autonomous Car Market

• AWD requires different components for the drive
  train which are expensive, thus making this
  technology costly and available in high end
  segments. High cost of ownership and lack of
  awareness may hamper the industry growth.
• In September 2016, the U.S. Department of
  Transportation announced its guidelines regarding
  current regulations that need to be applied and
  safety expectations, which are to be met by the
  automakers such as 15-point safety standard for
  design development, encouraging nascent
  technology with uniform rules.
• High maintenance and repairing costs may hamper
  the autonomous car market. Varying weather
  conditions, such as rain, fog, and snow, make the
  system inefficient in detecting the track lines
  on the pavement.

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Continued...

• The autonomous car market adoption among
  consumers is challenging as the mobility group is
  still not confident enough to give full control
  of their cars in the robots hands. For instance,
  according to AAA survey in the U.S., three out of
  four drivers are afraid to travel in an
  autonomous car.
• The majority of automakers along with other
  industries are focusing on providing benefits
  pertaining to advanced driver assistance systems
  for the consumers. For instance, Apple has
  invested over USD 1 billion in Didi Chuxing, a
  Chinese ride-hailing service.
• Industry participants of autonomous car market
  include Google, Alpha, Mercedes-Benz, BMW,
  Nissan, General Motors, Tesla, Ford, Volvo, Honda
  Motor Corporation, Toyota, and Uber.

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360 Analysis

• Product Analysis
• Driverless transportation systems are expected to
  reduce the energy consumption in multiple ways.
  For instance, a widespread adoption of autonomous
  vehicles can have benefits such as vehicle
  communications and information exchange regarding
  direction changes.
• Regional Analysis
• In September 2016, the U.S. Department of
  Transportation announced its guidelines regarding
  current regulations that need to be applied and
  safety expectations, which are to be met by the
  automakers such as 15-point safety standard for
  design development, encouraging nascent
  technology with uniform rules.
• Competitive Market Share
• Industry participants of autonomous car market
  include Google, Alpha, Mercedes-Benz, BMW,
  Nissan, General Motors, Tesla, Ford, Volvo, Honda
  Motor Corporation, Toyota, and Uber.

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