Self-Driving Cars And Light Trucks Market Will Rise To $3.6 Trillion By 2023: Hexa Reports

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“Self-driving Car and Light Truck Commercial Market” shipments forecasts indicate that markets beginning to develop in 2016 will rise to $3.6 trillion by 2023.

Worldwide markets are poised to achieve significant growth as Self-Driving Cars and Light Trucks permit users to implement automated driving. Fleet vehicles from Uber, Google and similar users are likely to be the early adopter groups. Tesla, Mercedes, and Audi are among the vendors with a leadership position in the personal luxury vehicle self-driving car markets,

Every car maker seeks to participate in this self-driving personal vehicle market. The ability to do so depends on implementing next generation technology that is very expensive to get working. Vendors ae seeking to work together to set standards and develop shared modules that provide basic functionality. Cameras, sensors, artificial intelligence software, and LiDAR are among the modules being developed.

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The self-driving car designs amalgamate a group of features to represent an automated process solution. These include the hardware, the software middleware, the steering system, adaptive cruise control, numerous software applications, an integrated systems approach, and related services. Significant investments in research and development are necessary as the emerging self-driving cars and light trucks industry builds on incremental technology roll outs.

Spectacular growth is a result of various moves toward autonomous vehicles that can go across the US by themselves, provide automated navigation,, integrated braking and steering. Most auto vendors have gone beyond the testing stage to offer vehicles that have strong navigation capability.

Safety modules are complimented by mapping vehicles that provide navigation. The Tesla and other vehicles provide driver alerts but fall sort of complete self-driving.

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Companies Profiled

Market Leaders

• Google
• Ford
• Group Tesla
• Daimler AG / Mercedes-Benz
• Fuji
• GM

Market Participants

• Allen Vanguard
• Audi
• BAE Systems
• Boston Dynamics
• Bosch Group
• Evatran Group
• Buick Group
• Chrysler / Dodge

Key Topics

• Automotive
• Automated driving
• Automated vehicles
• Autonomous vehicles
• Robot steering

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Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe.We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

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