IDTechEx expects autonomous cars to match or exceed human safety by 2024, after which they will grow rapidly at a CAGR of 30%. By the 2040s, it is likely they will be capable of fulfilling the world's mobility needs without a single collision. It begs the question – will or should humans continue driving? Autonomous vehicles are being enabled by rapid technological advancements to LiDAR, Radar, Cameras and more, and IDTechEx predict they will have a profound impact on the car market over the next two decades.
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