DUBLIN, March 1, 2016 /PRNewswire/ --
A recent report published on Research and Markets expects the global autonomous car technology market to witness a CAGR of over 10% between 2015 and 2035. According to the report, the evolution of autonomous features in passenger cars is garnering the attention of consumers across the world. However, this growth may be affected by news that one of Google's self-driving cars struck a bus in a minor crash earlier this month.
In an accident report filed with California's Department of Motor Vehicles, Google say a self-driving Lexus RX450h struck the left side of a bus as it attempted to avoid some sandbags in Mountain View on February 14th. The report states that the autonomous vehicle was traveling at less than 2 miles per hour, while the bus was moving at about 15 miles per hour.
A report on Robot Cars and Trucks had forecast autonomous car shipments to value $868 million by 2021, due to a rising focus on road safety. Google has previously said that its autonomous vehicles have never been at fault in any crashes. Although an investigation to determine liability is pending, Google say it has made changes to its software to avoid future incidents.
Global autonomous car technology is primarily divided into three segments - Advanced Driver Assistance System (ADAS) car technologies, semi-autonomous car technology and fully-autonomous car technology. But it is also creating opportunities in other areas, such as the connected car market, which is expected to reach $46.69 Million by 2020, at a CAGR of 10.82% from 2015 to 2020.
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SOURCE Research and Markets