North American Autonomous Car Market Forecast Report To 2030

1. North American Autonomous Car Market Analysis 2020, Global Industry Trends, Size, Impact of COVID-19 till 2030 Cars that drive themselves, while the people inside just sit and relax, has been a popular dream in the recent past. And thanks to the increasing research and development (R&D) being put in this regard, the dream is well on its way to becoming a reality. In North America, specifically, governments of various U.S. states and Canadian provinces are encouraging automakers and technology vendors to come up with cars with autonomous driving features. This is being done with the realization of the fact that a large number of people die in road accidents, most of which are caused due to human error. For instance, in 2018 alone, 18 bills related to the development, testing, and deployment of autonomous vehicles were enacted by 15 U.S. states, taking the total number of states with such initiatives to 29! Therefore, government support is the major factor, which would drive the North American autonomous car market, specifically for fully autonomous variants, at a 17.1% during 2023–2030, to $52.3 billion by 2030. An important enabler for the advancement of the self-driving technology has been the already-significant developments in the connected vehicle niche in the continent. Request to Get the Sample Report@ https://www.psmarketresearch.com/market-analysis/north- america-autonomous-car-market/report-sample Connected vehicles are already equipped with road-side assistance, smartphone connectivity, real-time traffic monitoring capabilities, and traffic and collision warning systems, almost all of which would be mandatory in autonomous cars. Since these functionalities are not available in conventional automobiles, connected variants are expected to be taken up first for the transformation into autonomous cars. Other mandatory technologies to make a car self-driving are vehicle-to-infrastructure (V2I) and vehicle-to-vehicle (V2V) connectivity, which are already available in connected cars, thus making the development of self-driving variants easier. To increase the rate of technology advancement, automobile manufacturing companies, public service businesses, component providing organizations, and technology firms are entering into partnerships and collaborations or acquiring or merging with startups, as these moves allow the companies to minimize the financial risks involved in this domain. For instance, General Motors Company paid $1 billion to acquire Cruise Automation, a startup working on the self-driving technology, recently. Similarly, Ford Motor Company and Wal-Mart Inc. entered into a partnership in 2018 to work on the idea of using autonomous cars for delivery services.

2. Apart from fully autonomous cars, which include vehicles with level 4 and 5 autonomy features, people also have the option of purchasing semi-autonomous variants, which are essentially those with level 1, 2, and 3 autonomy features. Currently, only semi-autonomous variants are available for purchase, as level 4 and 5 cars have only been allowed for testing purposes, under strict supervision. However, 2023 onward, fully autonomous cars are expected to witness higher procurement rate, especially for shared mobility services, such as those offered via robotaxi. Self-driving cars are available in the internal combustion engine (ICE), battery electric vehicle (BEV), and hybrid electric vehicle (HEV) variants. Till now, ICE-based autonomous cars have been the most popular in the North American autonomous car market, but with time, more of BEVs are expected to be procured. This would be because of the strong push for electric vehicles (EV), as a result of air pollution, and the fact that the integration of higher self-driving functionalities is easier in EVs, compared to ICE-based automobiles. Hence, as more technological advancements take place and people realize the role of human drivers in road fatalities, the uptake of self-driving automobiles will skyrocket in the region.