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Sep 11, 2020 (The Expresswire) —
Recent technological advancements are expected to steer growth in favour of the global autonomous car market through 2026. Fortune Business Insights in a report, titled “Autonomous CarsMarket” Size, Share and Global Trend by Component (Hardware, Software, Services), Application (Passenger Cars, Public Transportation, Commercial Applications), and Geography Forecast till 2026,” offers insights into technological advancements such as LIDAR, GPS, radar sensing, and other computer vision programs embedded in self-driving vehicles drive the market. With the emergence of advanced technology, automakers are expected to invest heavily in autonomous and electronic vehicle technology. The era of automation is shifting towards more comfortable and secure transportation, thus leading to rising investments in the automation sector.
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Key Market Driver
- Better safety, lesser fuel and insurance