Published By : 28 Sep 2016 | Published By : QYRESEARCH
Autonomous or driverless cars function on automated navigation and driving systems relying on a multitude of advanced sensor technologies to constantly acquire data about the car’s position. Apart from being more convenient to drivers, driverless cars can also help the elderly and the disabled to use cars regularly.
Considering that human error accounts for up to 90% of all accidents, the development of autonomous cars has to be lauded. However, even disregarding the near-elimination of manual errors, large-scale use of autonomous cars has a massive role in improving traffic conditions by making the flow of vehicles smoother and making parking more convenient than with manually operated cars. Widespread adoption of autonomous cars will thus be of help in making roads safer. This is expected to be an influential driver for the global autonomous/driverless cars industry in the near future.
Lack of Driving Pleasure Restrains Demand for Autonomous Cars
In spite of their numerous advantages, the lack of driving pleasure is an inherent restraint on autonomous cars. Many consumers view cars as more than just convenience and enjoy the experience of driving it manually. While semi-autonomous cars will retain a significant role for the human driver, fully autonomous cars are likely to suffer due to this aspect.
Consumers Still have Qualms about Trusting a Machine
In addition to this, most consumers aren’t comfortable with the idea of handing over the task of driving to a computerized system even though it’s statistically safer. There have also been numerous notable failures while testing systems that provide close-range location. These have had a strong adverse effect on the public perception of autonomous cars. Even though the autonomous cars industry contains many technological and automotive leaders of considerable repute, changing the public perception that self-driving cars are inherently unsafe remains a key objective for the industry.
First Mover Advantage Ensures North America’s Dominance in Near Future
Regionally, the report examines the performance of the autonomous/driverless cars market in North America, Asia Pacific, Europe, and Rest of the World. Even though the global industry has promising growth opportunities in the EU–due to its supportive stance on road safety initiatives–and the Far East, North America is expected to be the leading contributor to the global market in the coming years, as the region enjoys first mover advantage in the field of autonomous cars.