According to the Graphical Research new growth forecast report titled “Europe Autonomous Cars Market Size”, the Europe autonomous cars market is characterised by the presence of various players including Audi, BMW, Mercedes, Volkswagen, Waymo, Volvo Car Corporation, and others. The prominent players in the region are leveraging on the strategy of partnership, merger, acquisition and investments to bring technological advancements in the autonomous cars industry and expand its services globally. For instance, In July 2017, Bosch GMBH joined forces with Baidu and Nvidia for its Apollo project. The joined forces aimed at accelerating the development of self-driving car technology.
The autonomous cars market is forecasted to grow in the future years due to early adoption of autonomous transport in the region. The prominent players in the region are conducting the level-4 test, the early conduction of test is predicted to increase the market in the coming years. Additionally, the authorities in France have stated that they will allow the testing of Level-5 self-driving cars. The initiatives were taken for the early adoption of autonomous transport in the region complementing the growth of autonomous cars market.