Demand for Autonomous Cars in North America to Rise because of R&D Activities

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As the incidence of road accidents are growing, the need for safer travelling option is rising as well all across the globe, including North America. Governments of countries in the region are focused upon introducing efficient mobility options for increasing the safety quotient on roads. Most of the time, a road accident occurs because of negligence on the part of the driver. If the person driving the vehicle isn’t attentive enough, is drinking and driving, or is using mobile phone or some other object while driving, the situation may become severe.



Ascribed to this, the research and development activities in North America are becoming more and more inclined towards developing autonomous cars. Since these cars are self-driving, they can facilitate enhanced driving experience and make roads safer for both the passengers and pedestrians. Governments are also taking initiatives for ensure that the deployment and further development of autonomous vehicles is steady and quick. Moreover, the advanced technological scenario is countries such as the U.S. is driving the adoption of these vehicles in the region.

Owing to these factors, the North American fully autonomous cars market is projected to generate a revenue of $52.3 billion by 2030, advancing at a 17.1% CAGR during the forecast period (2023–2030), according to a study conducted by P&S Intelligence. Autonomous cars are basically of two types, namely fully automatic and semi-automatic, between which, the demand for semi-autonomous cars has been higher in the past.

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Market Segmentation by Vehicle Autonomy

  • Semi-Autonomous Car
    • Level 1
    • Level 2
    • Level 3
  • Fully Autonomous Car
    • Level 4
    • Level 5

Market Segmentation by Vehicle Type

  • Internal Combustion Engine (ICE)
  • Hybrid Electric Vehicle (HEV)
  • Battery Electric Vehicle (BEV)

Market Segmentation by Application

  • Personal
  • Commercial

Market Segmentation by Country

  • U.S.
  • Canada

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