From GlobeNewswire: 2024-04-12 11:07:00

CoherentMI reports the Singapore Autonomous Cars Market will reach US$1,865.9 Million by 2031, growing at a CAGR of 15.2% from 2024, driven by advanced technologies like AI and IoT in vehicles. The market focuses on passenger vehicles and Level 3 automation, with the North American region leading the industry. Key players include Hyundai Motor and Renault. The rise in safety features and collaborations among automotive manufacturers, technology companies, and government agencies are key trends in the market driving innovation and advancements in autonomous driving technology. In recent developments, Nio and BYD are making strides in AI and self-driving technology in Singapore. The Singapore Autonomous Cars Market presents lucrative opportunities for market players with the increasing demand for autonomous vehicles and government support. Key players should focus on innovation and technological advancements to stay competitive in the market. Market segmentation includes vehicle type, level of automation, system, and component type, offering valuable insights for businesses looking to capitalize on this growing trend. The report also addresses key questions regarding market growth factors, key players, and projected CAGR. With comprehensive insights and analysis from CoherentMI, businesses can make informed decisions and stay ahead in the competitive market landscape.



Read more at GlobeNewswire: Singapore Autonomous Cars Market Size to Hit US$ 1,865.9