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The Self- Driving Car Market is expected to grow at a significant growth rate, and the analysis period is 2022-2028, considering the base year as 2021.
Self- Driving Car is also called an autonomous car or driver-less car. It is a vehicle that uses a combination of sensors, cameras, artificial intelligence, and radar to travel without a human operator. Self- Driving Cars can travel closer together and operate more economically when moving in traffic. The increase in smart city development is a major factor in the growth of the market. Safety features are the most important factor for automotive customers across the globe. There are several benefits to self-driving cars as they are both safety concerns and environmental concerns.
Top Key Players Covered in The Self-Driving Car Market
Tesla, Inc. (US), Volkswagen AG (Germany), Toyota Motor Corporation (Japan), Honda Motor Co., Ltd. (Japan), Uber Technologies, Inc. (US), Google LLC (US), Daimler AG (Germany), Volvo Car Corporation (Sweden), Audi AG (Germany), Ford Motor Company (US), Robert Bosch GmbH (Germany), BMW AG (Germany), and Other Major Players.
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Market Dynamics and Factors for Self- Driving Car Market
Drivers:
- Rising Safety Concerns With Advancements In Automotive Technologies Drive The Market Growth
Restraints:
- High Manufacturing Cost of The Self- Driving Car
Opportunity:
- Development of Highly Advanced Technologies Integrated With Smartphones
For the Purpose Of This Report, Reports And Data Has Segmented The Global Self-Driving Car Market On The Basis Of Type, By Source, By Product, And Region:
By Type
- Semi-autonomous Vehicles
- Fully-autonomous Vehicles
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
By Level of Autonomation
- Level 1
- Level 2
- Level 3
- Level 4
- Level 5
By Application
- Transportation
- Defense
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By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
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