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The Global Autonomous Vehicle Market was valued at USD 54.21 billion in 2019 and is estimated to garner USD 2,044.93 billion by 2030, at a CAGR of 39.1% during the forecast period, from 2020 to 2030. The global sale of autonomous vehicles was valued at 1.4 million units in 2019 and is projected to reach 58 million units by 2030, expanding at a CAGR of 40.3%, from 2020 and 2030.
Market Dynamics and Trends
The growth of the automotive vehicles market is attributed to the rising number of benefits offered by unmanned vehicle as compared to traditional vehicles such as reduced road-crash risk, enhanced safety & security, elimination in driver wages, secured mobility for disabled individuals and non-drivers, and increased comfort and flexibility offered by seamless operative systems.