Autonomous vehicle testing Market: Opportunities, Size and Growth Projections in Upcoming Years

MANHATTAN, N.Y. - March 20, 2023 - PRLog -- The growth of the autonomous vehicle testing market is being fueled by the significant growth in the automotive industry. Additionally, the sales of autonomous vehicles are rising rapidly due to an increase in consumer purchasing power, leading to a rise in demand for autonomous vehicle testing globally. Moreover, the demand for testing the automated components of vehicles has increased due to rising incidences of road accidents. For example, road traffic crashes cause approximately 1.3 million deaths annually and 20 to 50 million severe injuries, some of which result in permanent disabilities.

Furthermore, the rising levels of carbon emissions from vehicles are a major environmental concern. As vehicles are the primary contributor to air pollution, they generate significant amounts of particulate matter, nitrogen oxide, and carbon monoxide. Vehicle testing is necessary to monitor carbon emissions, and a series of tests, such as acceleration simulation mode (ASM) test, on-board diagnostic (OBD) inspection, and testing excessive HC or CO levels, are conducted. Additionally, the emergence of numerous leading companies, particularly in emerging economies, is expected to propel market growth. Moreover, the increasing production of autonomous vehicles is anticipated to fuel the demand for autonomous vehicle testing, to ensure that the vehicle meets the regulatory standards associated with performance, technical safety, fuel efficiency, and more. Therefore, the global market for autonomous vehicle testing has significant potential and is expected to grow rapidly in the coming years.

The autonomous vehicle testing market globally is categorized into test type, vehicle type, vehicle autonomy, competitive landscape, and regional distribution. Test type is differentiated into software testing, simulation testing, driving testing, and others. Simulation testing is projected to have a significant market share during the forecast period, as autonomous vehicles require large-scale testing and assessments before deployment. Simulation testing enables engineers to anticipate validation through digital prototyping, providing greater advantages over physical testing, boosting the segment growth.

Vehicle type is divided into passenger car and commercial vehicle. The passenger car segment is expected to hold a significant market share due to the increasing purchasing power of consumers, encouraging buyers to opt for autonomous vehicles. Therefore, the demand for vehicle testing in autonomous passenger cars has increased over time.

A list of major market players of the global autonomous vehicle testing market includes:

• Intertek Group plc
• AB Dynamics
• Google (Waymo)
• Tesla Inc
• Toyota Motor Corporation

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