- Automotive manufacturers strengthen R&D in Level 3 vehicle autonomy to tap into the vast demand for autonomous cars; integration of advanced electronics and artificial intelligence expand lucrative opportunities
ALBANY, N.Y., March 02, 2022 (GLOBE NEWSWIRE) — The sales of driverless sedan cars have generated substantial revenues to stakeholders in the autonomous car market over the years. Opportunities in the utility vehicles are also expected to rise considerably in near future, bolstering the sales. The segment held a leading market share in 2020. The global autonomous car market is projected to reach US$ 206.94 Bn by 2031.
The past few years several countries have witnessed slew of R&D on on-road testing of autonomous vehicles, lending impetus to autonomous vehicle mobility service (MaaS) business. This has extended the revenue potential for vehicle manufacturers in the autonomous car market.
High-income groups have been at the forefront of uptake of autonomous cars. On the other hand, many vehicle manufactures are shifting their focus toward low- to medium-income groups. To this end, they are keen on reducing the prices. After the outbreak of COVID-19 pandemic, top players in the autonomous car market have been increasingly adopting new business models to consolidate their supply and distribution chains.
Get PDF Brochure for More Insights – https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=12653
Key Findings of Autonomous…
