Near Autonomous Passenger Car Market is a billion-dollar sector in making with forecasted revenue growth of USD 294.81 Bn
The Global Near Autonomous Passenger Car Market Size is a billion-dollar sector in making with forecasted revenue growth of USD 294.81 billion between 2022 and 2027 at a CAGR of 38.23%. The ballooning of the autonomous (driverless) car market comprises several factors such as the increasing popularity of semi-autonomous vehicles, the rising demand for autonomy of vehicles by OEMs, and the contribution of intelligent transport systems to the adoption of autonomous technology have contributed to this significant market expansion.
Technavio's research report captures the growth trajectory of the market and is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking.
Near Autonomous Passenger Car Market at a Glance
Navigating through the Near Autonomous Passenger Car Market: It has been observed that automotive manufacturers are responding to the rising demand for comfort and convenience by integrating automation into vehicles resulting in the development of semi-autonomous vehicles; As a result, the increasing popularity of semi-autonomous vehicles is expected to have a positive impact on the growth of the global autonomous (driverless) car market.
Market Trends: When it comes to market trends autonomous vehicle market growth is significantly influenced by the substantial investment and funding for research and development in this field.
"As per data, In June 2021, General Motors Co. announced that it would invest USD 35 billion in EV and AV technology from 2020 to 2025."
Key Companies: Amazon.com Inc., Chery Automobile Co. Ltd., Chongqing Changan Automobile Co. Ltd., Ford Motor Co., Geely Auto Group, Honda Motor Co. Ltd., Hyundai Motor Co., Mazda Motor Corp., Mercedes Benz Group AG, NIO Ltd., Nissan Motor Co. Ltd., etc are some of the major market leaders in Near Autonomous Passenger Car Market.
For example, Bayerische Motoren Werke AG - The company offers an HD map for autonomous vehicles such as Here HD live map. Our report includes qualitative and quantitative analyses of vendors with a wider understanding of the business ecosystem. Order a free sample report today.
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