Autonomous Vehicle Market will Garner Growth 63.5% by 2027

The global autonomous vehicle market demand was estimated to be around 6.5 thousand units in the year 2019 and expected to witness a compound annual growth rate (CAGR) of 63.5% during the forecast period 2020 to 2027. View Report@ https://www.precedenceresearch.com/autonomous-vehicle-market

Vehicles that sense its environment and operate without human involvement are termed as autonomous cars. An autonomous vehicle utilizes a completely automated driving system that allows the vehicle to respond accordingly to the external conditions as a human driver would manage.

The Society of Automotive Engineers (SAE) outlines 6 stages of automation that ranges from Level 0 to Level 5. Level 0 means zero automation or completely manual and level 5 means complete or full automation. In other terms, these levels of automation are defined as the degree of human intervention required in a vehicle.

Read more : https://www.globenewswire.com/news-release/2020/10/01/2102335/0/en/Autonomous-Vehicle-Market-will-Garner-Growth-63-5-by-2027.html