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

Autonomous Cars Market
Global Autonomous Cars Market: Segmentation
The global autonomous cars market is broadly segmented based on its Automation
levels. These levels include SAE level 0, SAE level 1, SAE level 2, SAE level 3, SAE level
4, and SAE level 5. These bifurcations represent the automating capability of the
vehicle. Currently, we are majorly using the Level 0 and SAE Level 1 and till some
extent, the level 2 cars can be seen on the 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.
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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.