The global autonomous vehicle market is expected to be valued at $54.23 billion in 2019, and is projected to reach $556.67 billion by 2026, registering annual growth of 39.47 percent from 2019 to 2026.
This is according to a recent report published by Allied Market Research, titled, Global Autonomous Vehicle Market by Level of Automation, Component, and Application: Global Opportunity Analysis and Industry Forecast.
The predicted elimination of accidents caused due to manual errors and reduced carbon dioxide emission from autonomous vehicles are expected to fuel the growth of the market. [Read more…] about Autonomous vehicle market projected to grow by 40 percent a year