© 2016 Global Market Insights, Inc. USA. All Rights Reserved Fuel Cell Market size worth $25.5bn by 2024 Autonomous Car Market Size By Industry Analysis, Regional Outlook, 2016 – 2024: Global Market Insights Inc.

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  AWD requires different components for the drive train which are expensive, thus making this technology costly and available in high end segments. High cost of ownership and lack of awareness may hamper the industry growth.  In September 2016, the U.S. Department of Transportation announced its guidelines regarding current regulations that need to be applied and safety expectations, which are to be met by the automakers such as 15-point safety standard for design development, encouraging nascent technology with uniform rules.  High maintenance and repairing costs may hamper the autonomous car market. Varying weather conditions, such as rain, fog, and snow, make the system inefficient in detecting the track lines on the pavement. Key Insights from Autonomous Car Market:

© 2016 Global Market Insights, Inc. USA. All Rights Reserved  The autonomous car market adoption among consumers is challenging as the mobility group is still not confident enough to give full control of their cars in the robot’s hands. For instance, according to AAA survey in the U.S., three out of four drivers are afraid to travel in an autonomous car.  The majority of automakers along with other industries are focusing on providing benefits pertaining to advanced driver assistance systems for the consumers. For instance, Apple has invested over USD 1 billion in Didi Chuxing, a Chinese ride-hailing service.  Industry participants of autonomous car market include Google, Alpha, Mercedes-Benz, BMW, Nissan, General Motors, Tesla, Ford, Volvo, Honda Motor Corporation, Toyota, and Uber. Continued...

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© 2016 Global Market Insights, Inc. USA. All Rights Reserved  Product Analysis Driverless transportation systems are expected to reduce the energy consumption in multiple ways. For instance, a widespread adoption of autonomous vehicles can have benefits such as vehicle communications and information exchange regarding direction changes.  Regional Analysis In September 2016, the U.S. Department of Transportation announced its guidelines regarding current regulations that need to be applied and safety expectations, which are to be met by the automakers such as 15-point safety standard for design development, encouraging nascent technology with uniform rules.  Competitive Market Share Industry participants of autonomous car market include Google, Alpha, Mercedes-Benz, BMW, Nissan, General Motors, Tesla, Ford, Volvo, Honda Motor Corporation, Toyota, and Uber. 360° Analysis

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