Market Highlights:
Driverless cars are automated cars that have all of the key capabilities of traditional cars. The driverless car is also known as autonomous cars, robotic cars, or self-driving cars. Increasing traffic accidents are a major factor for technology providers in developing a safe and efficient transportation system. Also; The driverless car is expected to reduce fuel consumption by 10% and insurance costs by 30%, driving the market exponentially. A majority of manufacturers have shown great interest in the development, manufacture, and marketing of driverless cars in the coming years. The automotive and transportation industries are among the industries hardest hit by the ongoing COVID-19 outbreak and are currently in unprecedented uncertainty. COVID-19 is expected to have a significant impact on the supply chain and product demand in the automotive sector. Industry concern has shifted from focusing on disrupting the supply chain from China to the general slump in demand for automotive products. Demand for commercial vehicles is expected to decline with the discontinuation of all non-essential services. In addition, changes in consumer buying behavior due to the uncertainty surrounding the pandemic could have a serious impact on the growth of the industry in the near future. In the meantime, liquidity bottlenecks and the liquidity crisis have already affected the sales of the fleet operators, which is expected to increase further in the coming months. We are continuously monitoring the COVID-19 pandemic and assessing its impact on the growth of the automotive and transportation industries. The market study is being classified by Type (Conventional, Hybrid Vehicle and Electric Vehicle), by Application (Individual, Industrial and Commercial) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).

Key Players:
The prominent players in the Driverless Vehicles are Google, Inc. (United States), Daimler AG (Germany), Ford Motor Company (United States), Toyota Motor Corporation (Japan), BMW AG (Germany) and Audi AG (Germany).

The Components, such as Semi-Autonomous & Autonomous, is boosting the Driverless Vehicles market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

The Features, such as Adaptive Cruise Control (ACC), is boosting the Driverless Vehicles market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.

Major Market Development Highlights
In December 2020, Uber selling its Advanced Technologies Group to Aurora was no surprise. Reports of this potential sale started in mid-November as the performance of Uber’s autonomous vehicles.
In November 2022, buoyed by the launch of its first electric formula racing car on Monday, the Indian Institute of Madras (IIT Madras) is aiming to roll out driverless race cars by 2025.

Key Questions Answered in the Report
What will the Driverless Vehicles Market size and the growth rate be in Future?
What are the key factors driving the Driverless Vehicles Market?
What are the key market trends and macro-economic impacting the growth of the Driverless Vehicles Market?
What are the challenges to market growth?
Who are the key vendors in the Driverless Vehicles Market?
What are the market opportunities and threats faced by the vendors in the Driverless Vehicles Market?
Trending factors influencing the market shares of the Vendors.
What are the key outcomes of the five forces analysis of the Driverless Vehicles Market?

Refer complete Table of Content of Driverless Vehicles Market Study

Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Driverless Vehicles market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Driverless Vehicles market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Providers of Driverless Vehicles, End-Users, Potential Investors, Market Research Firms and Others.
This helps us to gather the data for the players’ revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.