According to the research report published by Research Cosmos, the size of the self-driving car market anticipated to reach $155.69 billion by the end of 2024, witnessing a CAGR (compound annual growth rate) of 50.9% from 2018 to 2024. Among the key market trends are:
Advancement in HMI (human-machine interface): One of the most promising trends for the self-driving car market is the application of advanced HMI technologies in vehicular systems. HMI technologies are based on natural language processing (NLP) and computer vision (CV) that allow machines to interact with humans, both in verbal and nonverbal languages. Recent applications are self-parking systems by Mercedes-Benz and BMW’s iDrive Controller with touchscreen controller and gesture recognition. Other applications include HUD (head-up displays) that help drivers to focus on the road and use of imaging devices such as Texas Instruments’ DLP (digital light processing) chips to project high-contrast images.