Several different regulations and laws currently under deliberation could greatly affect the future of autonomous vehicle rollouts. City governments control the test sites and streets, but both federal and state governments play a significant role in the regulations surrounding the development and deployment of autonomous vehicles. The National Highway Transportation Safety Administration (NHTSA) and the U.S. Department of Transportation (USDOT) have traditionally developed the nationwide safety standards for vehicles, and they are leading the bulk of the federal response to emerging AV technology
The article cited AMA's "Global Self-driving Vehicles Market Study" explored substantial growth in North America and of %. According to the report, Technological Advancement in the Self-Driving Car
is one of the primary growth factors for the market. Increasing Awareness among Consumers towards the Availability and the Benefits of Autonomous Cars, Such as Enhanced Mobility and etc.
is also expected to contribute significantly to the Self-driving Vehicles market. Overall, Passenger Vehicles
applications of Self-driving Vehicles, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Hardware, such as LIDAR, is boosting the Self-driving 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 Software, such as V2X Software, is boosting the Self-driving 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 Sensors, such as Comprises Ultrasonic, is boosting the Self-driving 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.
AMAs Analyst on the Global Self-driving Vehicles market identified that the demand is rising in many different parts of the world as "Rising Demand for the Autonomous Vehicles
". Furthermore, some recent industry insights like "June 2018, Waymo launched its first commercial self-driving car service. The service will initially be limited to riders who are already part of Waymo's test programs for self-driving car service." 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 Self-driving Vehicles 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
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2018 currency rates.
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 Self-driving Vehicles market and other related sub-markets covered in the study.
o Key & emerging players in the 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 Self-driving Vehicles market size is calculated using market estimation process, the Self-driving Vehicles 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 Self-driving Vehicles market size has been validated using both top-down and bottom-up approaches.