Self-driving Cars and Trucks Market by Component (Radar, LiDAR, Ultrasonic, & Camera Unit), Vehicle (Hatchback, Coupe & Sports Car, Sedan, SUV), Level of Autonomy (L1, L2, L3, L4, L5), Mobility Type, EV, and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America), The Self-driving Cars and Trucks market size is projected to reach a CAGR of 31.6% from 2022 to 2028.
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Self-driving Cars and Trucks are autonomous driven vehicle. These are powered by AI. Automation and connectivity technology are important parts of these vehicles. Advancements in sensor technology, high-definition mapping and adaptive algorithm are some features of these enabled Vehicles.
Advancements in technology along with the raised demand from end user are some of the factors that have supported long-term expansion for Self-driving Cars and Trucks Market.
COVID-19 had a negative effect on the market, as the production and supply chains across the world was disrupted during the period.
Key Players of Self-driving Cars and Trucks Market
· Waymo
· Pony.ai
· AutoX
· Baidu
· Ford
· Nvidia
· BYD Co. Ltd.
· Toyota
· Aurora Innovation, Inc. and More
Recent Developments
In September 2021, Honda Motor Co., Ltd. Started a testing program for autonomous vehicles, which was a step toward an autonomous vehicle mobility service (MaaS) business in Japan.
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Regional Analysis of Self-driving Cars and Trucks Market:
North America is the most rapidly growing market and offers a huge opportunity for the industry, whose growth is driven by the advancements in technology.
Self-driving Cars and Trucks Market is segmented into Component, Electric Vehicle, Mobility Type, Level of Autonomy, Vehicle Type, System and region.
On the basis of Component
· Camera Unit
· LiDAR
· Radar Sensor
· Ultrasonic Sensor
· Infrared Sensor
On the basis of Electric Vehicle
· Battery Electric Vehicles (BEV)
· Hybrid Electric Vehicles (HEV)
· Plug-in Hybrid Electric Vehicle (PHEV)
· Fuel Cell Electric Vehicle (FCEV)
· On the basis of Mobility Type
· Shared Mobility
· Personal Mobility
On the basis of System
· Adaptive Cruise Control (ACC)
· Adaptive Front Light (AFL)
· Automatic Emergency Braking (AEB)
· Blind Spot Detection (BSD)
On the basis of Autonomy
· L1
· L2
· L3
· L4
· L5
On the basis of Vehicle Type
· Hatchback
· Coupe & Sports Car
· Sedan
· SUV
· Others
On the basis of Region
· Asia Pacific
· North America
· Europe
· South America
· Middle East & Africa
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