DUBLIN--(BUSINESS WIRE)--The "Asia-Pacific Self-driving Car Market (2018-2024)" report has been added to ResearchAndMarkets.com's offering.
The region has safety concerns. Approximately, an average of 645,000 road accidents takes place every year. 90% of road accidents are because of human error. Self-driving or autonomous car will act as a driving factor to minimize accidents and improve vehicle safety.
Autonomous cars have gained enough hype in Asia-Pacific. Large tech companies like Alibaba, Baidu, Didi Chuxing and Softbank are investing on the self-driving cars in the hope to capitalize shortly.
Factors that may restrain the adoption of self-driving cars are regulation and lack of safety standard on autonomous cars.
Based on automation, the self-driving automation levels are categorized into semi-autonomous, and fully autonomous. Semi-autonomous cars are dominating the automation segment. However, car-manufacturers targets to introduce full autonomous cars by 2020. By 2017, 29 Mn new cars were sold in China and it is expected to reach 37 Mn by 2025. It is forecasted that approximately 25% of new cars manufactured would be level 2 and level 3 by 2025.
The self-driving car Market segment based on various technological components that are used in autonomous cars like radar, lidar, automotive vehicle camera, ultrasonic sensor and GPS navigation system. Since the region is highly prone to traffic crash, radar-based driver assistance system is already deployed in the car for safety purpose. Singapore is the first country in APAC (Asia-Pacific) to adopt 79 GHz band for the short-range radar (2007).
- General Motors
Chapter 1. Executive Summary
Chapter 2. Asia-Pacific Self-Driving Car Market Overview
Chapter 3. China Self-Driving Car Market Overview
Chapter 4. Japan Self-Driving Car Market Overview
Chapter 5. India Self-Driving Car Market Overview
Chapter 6. South Korea Self-Driving Car Market Overview
Chapter 7. Rest of APAC Self-Driving Car Market Overview
Chapter 8. Competitive Landscape
Chapter 9. Conclusion
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