Self-driving Car Market to Reach ~ US$ 40 Bn by 2030 - TMR

Transparency Market Research has published a new report on the global self-driving car market for the forecast period of 2019–2030. According to the report, the global self-driving car market is projected to reach ~ US$ 40 Bn by 2030, expanding at a CAGR of ~ 89% during the forecast period.

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Global Self-driving Car Market: Insights

• According to the report, the global self-driving car market is likely to be driven by the demand for enhanced safety in vehicles.
• Self-driving cars are more efficient, thereby reducing the cost of fuel and lowering emissions.
• Key automakers such as Volvo, Daimler, General Motors, Honda, and Toyota are merging autonomous, connected, and electric driving technologies, and are expected to offer these products post 2020, which, in turn, is estimated to boost the self-driving car market.