Government plans to maximize adoption of autonomous cars by 2021 and to make changes to the existing regulation to support autonomous cars implementation. North America is projected to witness significant growth owing to amendments in traffic regulations to implement autonomous cars on public roads. This regulation is slowly being adopted across the United States to make transportation autonomous. The National Highway Traffic Safety Association (NHTSA) in 2013 has permitted self-driving cars in various states of the United States like California, Michigan, Washington DC, Florida, Nevada. Similarly, the Department for Transport in U.K. has also commenced a jurisdiction for the same.
According the report, Increase in the number of car accidents has led to the demand for autonomous cars in the market
is one of the primary growth factors for the market. Reduction in the Chances of Accidents Occuring due to Manual Errors
is also expected to contribute significantly to the Driver Less Cars market. Overall, Transportation
applications of Driver Less Cars, and the growing awareness of them, is what makes this segment of the industry important to its overall growth.
AMAs Analyst on the Global Driver Less Cars market identified that the demand is rising in many different parts of the world as "Presence of Large Pool of People With High Disposable Income
". Furthermore, some recent industry insights like "In January 2018, Waymo, made a deal to buy thousands of self-driving minivans from Fiat Chrysler and GM and also started testing autonomous technology on Cadillac cars in Israel." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Driver Less Cars market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Driver Less Cars market and other related sub-markets covered in the study.
o Key & emerging players in the Driver Less Cars market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall Driver Less Cars market size is calculated using market estimation process, the Driver Less Cars market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global Driver Less Cars market size has been validated using both top-down and bottom-up approaches.