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Autonomous Vehicles Market Size is estimated to reach USD 125.67 Billion by 2030
Autonomous Vehicles Market Overview
The Autonomous Vehicles Market will obtain a value of USD 125.67 billion and a CAGR of 22.3% between 2020-2030.
Rapid economic expansion ensures that everything from transportation infrastructure to the creation of smart cities will proceed apace. Many nations, including Mexico, Canada, and the United States, are putting in place the digital infrastructure to enable connectivity between automobiles and infrastructures to gather essential data and, as a result, lessen traffic congestion and improve road safety. The Autonomous Vehicles Market is expected to be greatly driven by the growth of smart cities. Due to ongoing technological breakthroughs, autonomous vehicle software needs to be updated to be compatible with the outside world. Additionally, because of the high value of each component, Autonomous Vehicles Market are still a relatively new type of transportation.
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