Semi-Autonomous Vehicle Market Development Trends , Analysis And Forecasts: Grand View Research Inc.


 San Francisco, 6 Aug 2021: The Report Semi-Autonomous Vehicle Market Size, Share & Trends Analysis Report By Level of Automation (Level 1, Level 2, Level 3), By Vehicle Type (Passenger Car, Commercial Vehicle), By Region, And Segment Forecasts, 2021 - 2028

A semi-autonomous vehicle can accelerate, decelerate, and stop without any human intervention. These vehicles may be able to keep in lane, and they may also be able to park on their own. The thing we need to remember is that semi-autonomous vehicles are not self-driving vehicles. There are several big players in the semi-autonomous vehicle industry. Audi AG, BMW AG, Continental AG, and Ford Motor Company are to name a few. All these companies are equally important for the rise of the semi-autonomous vehicles market. The Level 1 automation segment has captured the highest volume share of the semi-autonomous vehicle industry in the year 2020. It is also anticipated to see a CAGR of 20% in 2021-2028. In a Level 1 automation vehicle the driver and the automated system both share controls of the vehicle. Level 1 automation aids in increasing the efficiency of the vehicle by offering an optimum level of manual control. According to a report published by Grand View Research Inc., the global demand of the semi-autonomous vehicles market reached 14.22 million units in the year 2020.Market studies say that North America was dominating the global semi-autonomous vehicle market in 2020. It held a volume share of 31%. 

Access Research Report of Semi-Autonomous Vehicle Market @ https://www.grandviewresearch.com/industry-analysis/semi-autonomous-vehicle-market

Semi-Autonomous Vehicle Market Report Highlights

  • The level 3 automation segment is expected to emerge as the fastest-growing segment over the forecast period. Level 3 automation offers technological advancement with environmental detection capabilities, capable of making informed decisions such as overtake slow-moving vehicles, traffic maneuverability, and smart obstacle detection
  • The commercial vehicle segment is expected to register the highest CAGR over the forecast period. The deployment of semi-autonomous driving solution in commercial vehicles ensures safe movement of products and goods, thus allowing the driver to maintain good health and posture
  • The Asia Pacific region is expected to dominate the market over the forecast period. This can be attributed to the presence of the AI hubs in countries such as China, Japan, Singapore, and India; which offers a conducive environment for the semi-autonomous market

Access Press Release of Semi-Autonomous Vehicle Market @ https://www.grandviewresearch.com/press-release/global-semi-autonomous-vehicle-market

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