Revolution in the automotive industry has led to driver less cars, which is a new concept of a car which has the ability to read and sense the environment and operate with any involvement of human input. It is also known as self-driven cars. Sensors, cameras, radars, laser light, GPS, computer vision and artificial intelligence are the features used in these autonomous cars. Companies have been working towards their development since the 1980's and have been successful in their venture. The United States has stated driver less cars as a much safer option than passenger cars.
Increase in the number of car accidents has led to the demand for autonomous cars in the market and These type of cars will have more control over the gears and there is less possibility of accidents.
Reduction in the Chances of Accidents Occuring due to Manual Errors, Reduced Carbon dioxide Emission from Autonomous Vehicles and Less Battery and Fuel Consumption
Presence of Large Pool of People With High Disposable Income and Growing Demand for Electronic and Autonomous Cars
The Vendors Covered in the Study are:
Google (United States), Tesla (United States), Ford Motors (United States), Waymo (United States), Volkswagen (Germany), BMW (India, Chennai), Renault SA (France), Audi (Germany), Hyundai (South Korea), Mercedes (Germany), Kia Motors (South Korea), Baidu Inc. (China), Samsung Electronics Inc. (South Korea) and Mobileye, Inc. (Israel)
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.
List of players that can be included in the study on immediate basis are NVIDIA Corp. (United States), Jaguar (U.K), Zoox (United States), Aptiv (Ireland) and AB Volvo (Australia).