Autonomous Vehicles market is anticipated to grow at a CAGR of 24.2% during the forecast period (2023-2030). Autonomous vehicles, also known as self-driving cars, are vehicles that are capable of sensing their surroundings and operating without human involvement. They use a combination of sensors, software, and artificial intelligence to navigate roads, avoid obstacles, and obey traffic laws. AVs are still in the early stages of development, but they are rapidly becoming more sophisticated and reliable.
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In September 2023, Dubai is rolling out its first round of robotaxis, as a part of a plan to alleviate congestion and accidents. Five fully autonomous electric taxis, operated by a General Motors subsidiary called Cruise, will begin test driving on an 8km (5 mile) stretch in the upscale Jumeirah district of the United Arab Emirates city. Dubai hopes to become the first Middle Eastern city to introduce driverless taxis, Bahrozyan said. Autonomous taxis currently operate in several cities around the world, mostly in the US and China.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Autonomous vehicles Market by Component
- Hardware
- Software and Services
Global Autonomous vehicles Market by Application
- Transportation (commercial and industrial)
- Defense
Global Autonomous vehicles Market by Vehicle Type
- Car
- Bus
- Truck
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- AUDI AG
- BMW AG
- Ford Motor Company
- General Motors
- Google LLC
- Honda Motor Co., Ltd.
- Hyundai Motor Group
- Mercedes-Benz AG
- Nissan Motor Co., Ltd.
- Renault SA
- Tesla, Inc.
- Toyota Motor Corp
- Uber Technologies Inc.
- Volvo Car Corp
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Autonomous vehicles market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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