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Autonomous Vehicles - Transforming the Engineering Level of Cars

Jul 25,2021 | Automobile

In recent years, the gesture recognition has emerged as a major innovation field in the automotive industry, which will be increasingly used in the next-generation car for enhancing user’s driving experience. Taking safety into consideration, enhanced gesture and speech recognition is becoming a prominent feature in automated vehicles, thereby allowing drivers in required situations to connect and perform tasks simultaneously. This AI technique has been designed to imitate the way our brains work by providing meaningful results in natural language processing, controlling automated cars, image recognition etc.

Therefore, many automobile manufacturers, governments, and consumers have become increasingly aware of the reimbursements of this technology, thereby, component suppliers have started deploying dedicated electronic hardware to aid with gesture recognition. Furthermore, the rise in production & sales of passenger cars and commercial vehicles, along with the rise in trend of vehicle electrification and autonomous driving are the few factors responsible for the CAGR of the market during the forecast period.

In the context of China-US trade war and COVID-19 epidemic, it will have a big influence on this market. In this report, the global Autonomous Vehicles market is projected to grow at a healthy CAGR during the period 2020 to 2024. On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate of Autonomous Vehicles for each application.

The report introduced on Bharatbook about the Autonomous Vehicles basics covers the definitions, classifications, applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on. Then it analysed the world’s main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. In the end, the report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.

The major players profiled in this report include: Alphabet Inc., BMW AG, Daimler AG, Ford Motor Co., General Motors Co., Hyundai Motor Co., Intel Corp., Tesla Inc., Toyota Motor Corporation, Volkswagen AG among others.

For more insights on the market, please visit Global Autonomous Vehicles.