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Showing posts with the label Autonomous Car Market statistics

Technological advancement in the automobile is augmenting the growth of the autonomous car market

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  An autonomous car (sometimes also known as a driverless vehicle or reship car) is a car that utilizes a combination of computers, sensors, radars, and other artificial intelligence (AI) to drive between destinations on its own. A significant advancement in such vehicles is their ability to take and re-rout non-passenger traffic. In doing so, the risk of collision or accident is drastically reduced. The major benefits include time savings, money saved on gasoline and automobile insurance premiums, and the reduction in traffic jams. Increasing technological developments in automobiles is playing a significant role in the growth of the autonomous car market. Growing spending in digital infrastructure and development in autonomous vehicle infrastructure is also contributing to the growth of the market. Autonomous cars offer more comfort and rest while traveling. This also reduces the cost of the driver for commercial vehicles and taxis. Other benefits such as reduced crash risks, i...