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Follow on Google News | Changing Dynamics of the Self-Driving Car in the Latin America Market Outlook: Ken ResearchThe report covers Self-driving Car Market Latin America, Latin America Self-driving Car Market Value chain, Latin America Self-driving Car Market by kenresearch.com
By: Ken Research According to the report analysis, 'Latin America Self-driving Car Market (2018-2024)' states that some of the major key players which are presently functioning in this market more actively for leading the highest share in the market by doing significant developments in the technology of self-driving cars technology for accomplishing the growing demand of potential buyers includes Apple, Microsoft, Toyota, Nissan, General Motors and several others. Whereas, the report also cover the effective information related to the important aspects of the markets includes market drivers, market trends, market challenges, value chain, company snapshot, product, global presence, recent initiatives, geographic share of revenue and several others. Moreover, it is expected that with the introduction of self-driving car crash would reduce by 90%. The Latin America self-driving car market is anticipated to increase at a CAGR of 28.5%, leading to global revenue of USD 3.75 Billion by 2024. Latin America self-driving market is further split differently based on applications, automation, and technological components. Meanwhile, the application sector are further considered into personal use and commercial use. Initially, self-driving cars will be owned personally. Additionally, the Latin America is demonstrating a great interest towards autonomous driving technologies. Whereas, around half of the people investigate and believe that autonomous vehicles will develop the mobility in the city. Furthermore, the self-driving car market is divided basis on the several technological components that are used in autonomous cars like radar, lidar, automotive vehicle camera, ultrasonic sensor, and GPS navigation system. While, the radar-based driver assistance systems are previously being used right now. Additionally, factors that may restrain the implementation of self-driving cars are regulation, deprived infrastructure, i.e. poor road quality and less number of active AV test. Whereas, the Latin America can hurry up the acceptance of autonomous vehicles if proper procedures are taken into contemplation. According to an examination, conducted by an automotive company, more than half of the surveyed populace have favorable opinion about autonomous cars. Furthermore, it is expected that the market of self-driving car in Latin America will rise more positively with the effective investment by the new entrants in the development of the technology over the recent few years. For more information, click on the link below: https://kenresearch.com/ Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com +91 9015378249 End
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