Zion Market Research Global Autonomous Cars Market, 2016–2024 | Page 3

Autonomous Cars Market
roads that are still under testing phase. Various systems used while making an autonomous car
include radar, GPS system, odometry, lidar, computer vision and advanced control systems. The
application of autonomous is majorly inclining towards commercial segment as the costing of a
single car which is equipped with highly precise devices hardware, and operational mechanism
wouldn’t be affordable for an individual for personal use.
Global Autonomous Cars Market: Growth Factors
Rising number of road mishaps and accident caused due to human error, lack of alertness is
driving the growth of the global autonomous cars market. Rising awareness among the
consumers about the advantages of autonomous cars and its future based benefits has forced
the key players to develop these extra-efficient autonomous cars. The introduction of
autonomous cars on the roads would probably help to reduce the travel time, fuel consumption
as its advanced GPS system would play smartly by redirecting the desired to the low traffic
congested route.
Looking at the current situation in the autonomous car market, the growth factors seem to be in
fewer numbers, as the concept of driverless cars still has many loopholes.
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