Autonomous Vehicles Market to grow at a CAGR of 38.45% from 2022 to 2027 | Historical and current forecast analysis research report-Technavio

Autonomous Vehicles Market - Regional Market OutlookThe market is segmented by geography (North America, Europe, APAC, South America, and the Middle East and Africa). Significant Challenge- High driver distraction with an increase in vehicle automation is the major challenge restricting the market growth. The rise in the adoption of autonomous vehicles is a key factor driving the market growth during the forecast period. The near-autonomous passenger car market Size is estimated to grow by USD 294.81 billion between 2022 and 2027 at a CAGR of 38.23%. The Increasing popularity of semi-autonomous vehicles is a key factor driving the market growth during the forecast period.