How big is the autonomous vehicle market expected to be?
The global autonomous vehicle market is expected to reach USD million by 2030, growing at a CAGR of 35.7%.
What are the main benefits of autonomous vehicles?
Potential benefits include improved road safety, reduced traffic congestion, ability for those who can't drive to travel independently, and increased comfort for passengers.
What are the challenges facing the autonomous vehicle market?
High costs of testing and sensor equipment are major hurdles to widespread adoption.
Which region is leading the autonomous vehicle market?
North America is expected to dominate the market due to a concentration of automotive and tech companies, and ongoing testing initiatives.