Automotive and Transportation Autonomous Vehicle Market Research Report | Page 3

Autonomous Vehicle Market
Geographically, North America dominated the autonomous vehicle market, in terms of volume, during the
historical period. Technological advancement in the region along with major technological innovators such as
Microsoft Corporation, Google LLC, and Aptiv PLC, which are significantly investing in research and
development, and testing of technologies of autonomous vehicles and for commercializing them, is a key
driver to propel the market for autonomous vehicles in the region.
Autonomous vehicle technologies have capabilities to significantly affect safety, congestion, and energy use.
For instance, there were around 34,200 fatal automobile crashes in the U.S. in 2017, which led to about 37,000
deaths. The use of autonomous vehicles can vividly reduce the number of automobile crashes and offer
customers’ safety.
P&S Intelligence