The passenger car segment dominated the global autonomous vehicle market, accounting for around XX% of the total market in 2017. The market is anticipated to reach XX million units by 2028, growing at a CAGR of XX% from 2018 to 2028.
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Autonomous passenger vehicle segment dominated the global autonomous passenger vehicle market, accounting for around XX% of the total volume in 2017 and is anticipated to reach XX million units by 2028, growing at a CAGR of XX% from 2018 to 2028. This is mainly due to the demand for advance safety features such as adaptive cruise control, lane departure warning, and drowsiness monitoring, among others. In terms of growth, the level 4 autonomous passenger vehicle segment is anticipated to showcase the highest potential and is also expected to register the highest CAGR of XX% from 2020 to 2028.
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At present, trucks are being more widely used for transporting goods from one end to another and generally for long distances, as compared to passenger cars. Automation of trucks running on highways is generally easier as compared to passenger cars running on city roads, as there are lesser number of obstacle entrance points and lower traffic signals on highways. Therefore, many of the companies are developing systems with high automation to be equipped in heavier trucks. Some of these companies include DAF trucks, Scania Group, Daimler, and Volvo.
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