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Autonomous vehicles

by Gregory Smith

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Self-driving cars from futuristic films have already become a reality. Experts estimate that by 2040 there will be 33 million unmanned vehicles on the world’s roads.

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The global market for autonomous vehicles is currently valued at $207.38 billion. It is expected to grow approximately 10 times in the next 4-6 years as major automakers such as Tesla, Alphabet, Ford, GM and Volvo have entered the autonomous vehicle market.

Subsidiary of Alphabet Inc. — Waymo launched a robot taxi service in Phoenix, Arizona in 2020. That same year, Tesla launched a beta full self-driving service.

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