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Autonomous Vehicles Market Share, Size, Key Players, Research
and Forecasts to 2025 | Hexa Research
“ Growing need for driverless vehicles among consumers is anticipated to
propel the autonomous vehicles market.”
28 December 2018
Growing need for driverless vehicles among consumers is anticipated to propel the autonomous vehicles
market in the forthcoming years. It is expected to witness significant expansion attributed to reduced number
of accidents caused by manual errors. Lowered emission of harmful gases like carbon dioxide can provide
traction to the market. It is projected to witness significant growth in near future owing to continual
technological advancements and R&D activities by manufacturers. Efforts to develop advanced sensors for
consumer comfort and automobile capacity.
The driving capability of autonomous vehicles can differ according to their auto mation level. Semi- and fully
autonomous can be considered as their two major types. The adoption of semi-autonomous automobile is
likely to witness steady rise in next few years owing to increasing investments from consumers and
manufacturing companies. Imminent launches of completely self-driven vehicles are likely to boost market
penetration of this type in next few years. However, as soon as level 4 and level 5 vehicles are introduced,
the market share of semi-autonomous cars can diminish.
Sensors like radar, ultrasonic, Light Detection and Ranging (LiDAR), and image sensors are some of the
essential components of self-driven cars. Manufacturers prefer radar sensors over other types as they can
work even during bad weather conditions. As a result, this type may witness significant rise in demand in the
years to come. LiDAR sensors can detect edge of the road and lane markings by bouncing pulses of light from
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