TechnoMark News

  According to the report, the global  autonomous car market  is projected to surpass US$ 206.94 Bn by 2031, expanding at a CAGR of 22.50% during the forecast period. Rise in population across the globe as well as the parallel increase in their disposable incomes is compelling individuals to own high quality automotive cars with advanced comfort and safety features. Governments across developed countries have mandated safety features in vehicles, which is anticipated to boost the autonomous car market. Moreover, the growing integration of advanced electronics components, including sensors and AI-based camera, in vehicles is promoting vehicle manufacturers to invest in research & development of driverless vehicles. The COVID-19 pandemic hampered production and sales of vehicles, and prompted major vehicle manufacturers to shut down their plants. The development, testing, and launching of self-driving cars and technological advancements slowed d...

  According to a recent report compiled by Transparency Market Research (TMR), the competitors of the  global autonomous car market  may witness lucrative growth opportunities owing to the technological advancement in the autonomous market. The rise in number of accidents per year have also boosted the market for autonomous cars in the past years, as driverless cars will be running systematically on the road and there will be less chances of accidents caused by machines. Players of the market are leaving no stone unturned to give tough competition to each other. Some of the key vendors of the global autonomous car market are Ford Motor Co., Uber Technologies Inc., the Volvo Group, Toyota Motor Corporation, and Nissan Motor Co. Ltd. Major players are focusing on innovative techniques to create new and unique final products in order to attract more buyers. The more the level of product differentiation, the higher is the degree of competition among vendors. Get PDF brochure ...