Autonomous Car Market, By Application (Defense and Transportation), By Level of Automation (Level 1, Level 2, Level 3, Level 4, Level 5), By Propulsion Type (Semi-autonomous and Fully Autonomous), By Vehicle Type (Passenger Car, and Commercial Vehicle), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Published In : Apr 2024

Code : CMI2128

Pages :130

Formats :

Excel and PDF

Industry : Automotive and Transportation

Market Concentration and Competitive Landscape

Autonomous Car Market Concentration By Players

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Increased Mobility and Accessibility

Another major factor that is driving interest and investment in autonomous cars is the ability of this technology to increase mobility and accessibility for all. Autonomous vehicles can help the elderly, disabled and unlicensed populations such as children to gain independent transport when these people are unable to drive conventional cars themselves. Removing the requirement for a licensed driver to operate a vehicle can eliminate a major obstacle that currently restricts personal mobility for these groups. This enhanced mobility could improve their quality of life tremendously by facilitating greater access to essential services, healthcare, education and employment opportunities.

Autonomous vehicles also give people the opportunity to use their travel time efficiently instead of concentrating solely on driving. This is based on findings from several surveys, Americans on an average spend over 50 minutes daily commuting, time which could be better spent working, relaxing or attending to other needs/priorities from within the vehicle. This increased accessibility and freedom that autonomous driving enables could massively boost overall productivity at both personal and societal levels.

Key Players Insights