Posted on: 04 August, 2016

Author: Leonar Robert

Global Market Research Report on Driverless Car Market 2016 is a professional and in-depth complete study on the current state of the Driverless Car worldwide. Driverless cars are automated cars which feature all the major competencies of traditional cars. The Driverless Car is also known as autonomous car, robotic car or self-driving car. Increased road accidents are a major driving factor for technology providers to develop a safe and efficient transportation system. Moreover; it is expected that the driverless car will reduce fuel consumption by 10% and insurance costs by 30%, there by driving the market exponentially. A majority of the manufacturers have indicated a keen interest in developing, manufacturing and commercializing driverless cars in the coming years. Volvo is one of the leading automobile manufacturers and would launch its first driverless car by year 2017. However, the lack of infrastructural development to support V2V connections, stringent government regulations and increased threats arising from terrorism, prove to be a major restraint for this market. The growing demand for smart and automated vehicle systems should boost the market of driverless cars. Get Free Sample Report Of Driverless Car Market :http://www.marketresearchstore.com/report/world-driverless-car-market-opportunities-and-forecasts-68656#RequestSample  The development cost for the driverless car technology is very high, however, as technology advances the price is expected to decline. The study projects affordability and a rise in the adoption of these cars, amongst middle-class families, during 2040-2050. The global driverless car market is segmented on the basis of components and geography. The component market comprises of radar sensors; video cameras; LiDAR sensor; ultrasound sensors and a central computing system. Geographically, the driverless car market is segmented across North America, Europe, Asia-Pacific and LAMEA (Latin America, Middle East and Africa). The key companies profiled in this report are, Google, Inc.; Daimler AG; Ford Motor Company; Toyota Motor Corporation; BMW AG; Audi AG ; AB Volvo ; Dutch Automated Vehicle Initiative (DAVI); Autonomous Lab; and Volkswagen. Do Inquiry Before Purchasing Report:http://www.marketresearchstore.com/report/world-driverless-car-market-opportunities-and-forecasts-68656#InquiryForBuying Key Benefits of Reports KEY SEGMENTS The market is segmented on the basis of component and geography. MARKET BY COMPONENT MARKET BY GEOGRAPHY KEY PLAYERS About Market Research Store Market Research Store is a single destination for all the industry, company and country reports. We feature large repository of latest industry reports, leading and niche company profiles, and market statistics released by reputed private publishers and public organizations. Market Research Store is the comprehensive collection of market intelligence products and services available on air. We have market research reports from number of leading publishers and update our collection daily to provide our clients with the instant online access to our database. With access to this database, our clients will be able to benefit from expert insights on global industries, products, and market trends. Contact Us: Joel John 3422 SW 15 Street, Suit #8138, Deerfield Beach, Florida 33442, United States Tel: +1-386-310-3803 GMT Tel: +49-322 210 92714 USA/Canada Toll Free No. 1-855-465-4651 Email: [email protected] Web: http://www.marketresearchstore.com/   Source: Free Articles from ArticlesFactory.com Hello this is Leonar Robert working in Market Research Store as Assistant Manager. Market Research Store is a single destination for all the industry, company and country reports. We feature large repository of latest industry reports, leading and niche company profiles, and market statistics released by reputed private publishers and public organizations. Market Research Store is the comprehensive collection of market intelligence products and services available on air.