Global Driverless Car Market Size, Trends & Growth Opportunity, By Components (Radar Sensor, Video Cameras, LiDAR Sensor, Ultrasound Sensor, Central Computing System, and GPS Navigation System), Regional Outlook, Competitive Market Share & Forecast, 2022 – 2027.
Global Driverless Car Market
Global Driverless Car Market was valued at USD 21.2 million in 2021 and is expected to reach USD 65.2 million by 2027, at a CAGR 19.49% from 2022-2027.
A driverless car, also known as an autonomous car, or robotic car (robot-car), is a car that can travel without human input. Self-driving cars use sensors to perceive their surroundings, such as optical and thermographic cameras, lidar, radar, ultrasound or sonar, GPS, odometry and inertial measurement units. Driverless cars can sense their environment and operate without human involvement. These cars rely on sensors, actuators, powerful processors to execute software, and machine learning systems.
Market Drivers
Increasing technological advancement is considered as one of the key driving factors which is expected to boost the global driverless car market growth. Furthermore, rising demand for smart & automated vehicle systems shall have a positive impact on the market growth. 
Moreover, increasing road accidents is expected to propel the market growth. Additionally, driverless cars will reduce fuel consumption by 10% and insurance cost by 30% which is expected to boost the market growth during this forecast period 2027.
Market Restraints
However, lack of infrastructural development is the major challenging factor which is expected to hinder the global driverless car market growth. Also, stringent government rules & regulations increase in terrorism are some factors which are projected to obstruct the market growth.
Market Segmentation
The Global Driverless Car Market is segmented into components such as Radar Sensor, Video Cameras, LiDAR Sensor, Ultrasound Sensor, Central Computing System, and GPS Navigation System. 
Regional Analysis
The Global Driverless Car Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East and Africa.
The North American region is expected to dominate the autonomous car market also known as the driverless car market during the forecast period. The region has been a pioneer of autonomous vehicles due to factors like strong and established automotive company clusters and being home to the world's biggest technology companies like Google, Microsoft, Apple, etc.
Key Players
Various key players are discussed in the Global Driverless Car Market Report including: Google, Inc., Daimler AG, Ford Motor Company, Toyota Motor Corporation, BMW AG, Audi AG, AB Volvo, AutoNOMOS Labs, Volkswagen, Nissan Motor Co., Ltd., and Others.
For instance, in February 2021, Vietnam's domestic automaker Vin Fast had obtained a permit to test autonomous vehicles on California's public streets. The company sought this permit to commercialize its electric vehicles in the US market.
Market Taxonomy
By Component
•        Radar Sensor
•        Video Cameras
•        LiDAR Sensor
•        Ultrasound Sensor
•        Central Computing System
•        GPS Navigation System
By Region 
•        North America
•        Latin America
•        Europe
•        Asia Pacific
•        Middle East & Africa

Global Driverless Car Market TOC:
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Driverless Car Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Driverless Car Market, By Component
5.1 Y-o-Y Growth Comparison, By Component 
5.2 Global Driverless Car Market Share Analysis, By Component 
5.3 Global Driverless Car Market Size and Forecast, By Component
5.3.1 Radar Sensor
5.3.2 Video Cameras
5.3.3 LiDAR Sensor
5.3.4 Ultrasound Sensor
5.3.5 Central Computing System
5.3.6 GPS Navigation System
6 Global Driverless Car Market, By Region
6.1 Global Driverless Car Market Share Analysis, By Region
6.2 Global Driverless Car Market Share Analysis, By Region
6.3 Global Driverless Car Market Size and Forecast, By Region
7 North America Driverless Car Market Analysis and Forecast (2022 – 2027)
7.1 Introduction
7.2 North America Driverless Car Market Share Analysis, By Component
7.3 North America Driverless Car Market Size and Forecast, By Country
7.3.1 U. S
7.3.2 Canada
7.3.3 Mexico
8 Europe Driverless Car Market Analysis and Forecast (2022 – 2027)
8.1 Introduction
8.2 Europe Driverless Car Market Share Analysis, By Component 
8.3 Europe Driverless Car Market Size and Forecast, By Country 
8.3.1 Germany
8.3.2 France
8.3.3 UK
8.4.4. Rest of Europe
9 Asia Pacific Driverless Car Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 Asia Pacific Driverless Car Market Share Analysis, By Component 
9.3 Asia Pacific Driverless Car Market Size and Forecast, By Country 
9.3.1 China
9.3.2 Japan
9.3.3 India
9.3.4 Rest of Asia Pacific
10 Latin America Driverless Car Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Latin America Driverless Car Market Share Analysis, By Component 
10.3 Latin America Driverless Car Market Size and Forecast, By Country
10.3.1 Brazil
10.3.2 Rest of Latin America
11 Middle East Driverless Car Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Middle East Driverless Car Market Share Analysis, By Component 
11.3 Middle East Driverless Car Market Size and Forecast, By Country 
11.3.1 Saudi Arabia
11.3.2 UAE
11.3.3 Egypt
11.3.4 Kuwait
11.3.5 South Africa
12 Competitive Analysis
12.1 Competition Dashboard
12.2 Market share Analysis of Top Vendors
12.3 Key Development Strategies
13 Company Profiles
13.1 Google, Inc.
13.1.1 Overview
13.1.2 Offerings
13.1.3 Key Financials
13.1.4 Business Segment & Geographic Overview
13.1.5 Key Market Developments
13.1.6 Key Strategies
13.2 Daimler AG
13.2.1 Overview
13.2.2 Offerings
13.2.3 Key Financials
13.2.4 Business Segment & Geographic Overview
13.2.5 Key Market Developments
13.2.6 Key Strategies
13.3 Ford Motor Company
13.3.1 Overview
13.3.2 Offerings
13.3.3 Key Financials
13.3.4 Business Segment & Geographic Overview
13.3.5 Key Market Developments
13.3.6 Key Strategies
13.4 Toyota Motor Corporation
13.4.1 Overview
13.4.2 Offerings
13.4.3 Key Financials
13.4.4 Business Segment & Geographic Overview
13.4.5 Key Market Developments
13.4.6 Key Strategies
13.5 BMW AG
13.5.1 Overview
13.5.2 Offerings
13.5.3 Key Financials
13.5.4 Business Segment & Geographic Overview
13.5.5 Key Market Developments
13.5.6 Key Strategies
13.6 Audi AG
13.6.1 Overview
13.6.2 Offerings
13.6.3 Key Financials
13.6.4 Business Segment & Geographic Overview
13.6.5 Key Market Developments
13.6.6 Key Strategies
13.7 AB Volvo
13.7.1 Overview
13.7.2 Offerings
13.7.3 Key Financials
13.7.4 Business Segment & Geographic Overview
13.7.5 Key Market Developments
13.7.6 Key Strategies
13.8 AutoNOMOS Labs
13.8.1 Overview
13.8.2 Offerings
13.8.3 Key Financials
13.8.4 Business Segment & Geographic Overview
13.8.5 Key Market Developments
13.8.6 Key Strategies
13.9 Volkswagen
13.9.1 Overview
13.9.2 Offerings
13.9.3 Key Financials
13.9.4 Business Segment & Geographic Overview
13.9.5 Key Market Developments
13.9.6 Key Strategies
13.10 Nissan Motor Co., Ltd.
13.10.1 Overview
13.10.2 Offerings
13.10.3 Key Financials
13.10.4 Business Segment & Geographic Overview
13.10.5 Key Market Developments
13.10.6 Key Strategies