According to the Graphical Research new growth forecast report titled “Europe Autonomous Cars Market Size, By Level of Autonomy (Level-1, Level-2, Level-3, Level-4), By Type (Internal Combustion Engine (ICE), Hybrid Electric Vehicle (HEV), Battery Electric Vehicle (BEV), 2019-2024”, estimated to exceed 22 million units by 2024.The autonomous car market in the region is anticipated to increase due to the technological advancement, focus on vehicle automation and growing demand for luxury vehicles.
These players are increasing the R spending to deploy new technologies in the self-driving cars.Request for a sample of this report @ https://www.graphicalresearch.com/request/1199/sampleThe high cost of autonomous vehicles is hindering the growth.
The autonomous vehicle requires high-tech infrastructure, hugely expensive LiDAR and radar systems, princely deals with high-definition maps and cloud computing provider.
Additionally, poor 4G network connectivity limits the growth of autonomous cars in the region.The level-4 autonomous cars market is forecasted to grow in the future years due to early adoption of autonomous transport in the region.
The initiatives taken for the early adoption of autonomous transport in the region complimenting the growth of autonomous cars market.Make an Inquiry for purchasing this Report @ https://www.graphicalresearch.com/request/1199/inquiry-before-buyingThe Europe autonomous cars market is characterized by the presence of various players such as Audi, BMW, Mercedes, Volkswagen, Waymo, Volvo Car Corporation, Ford Motor Company, General Motors Company, Volkswagen Group, Uber Technologies Inc., Bosch GMBH, Toyota Motor Corporation, Tesla Inc., Nvidia Corporation, Aptiv PLC, Autoliv Inc and others.
For instance, In July 2017, Bosch GMBH joined forces with Baidu and Nvidia for its Apollo project.