Industry News

Faraday Future Intends to Test Drive Self Driven Car

U.S.: Faraday Future, which is a U.S. based company has indicated its intension to test drive autonomous vehicle. Hence, the company has applied for number plates from the Michigan Department of Transportation. However, the company has not revealed the details of the prototype on which the number plates would be used. Further, it has not been explained by the company that the number plates would be used to test drive a prototype or few of the parts of the autonomous prototype system.

Headquartered in Silicon Valley and Southern California, Faraday Future is an advanced mobility company involved in devising premium, and connected electric vehicles. In 2016, the company employs around 700 people which have been strengthening the Faraday Future team.

The company has made its debut at the 2016 “Consumer Electronic Show”, where it demonstrated “a supercharged version” of vehicle technology, which the company wants to integrate in its FFZERO1 concept car.

According to a recent report published by TechSci Research, “Global Autonomous Car Technology Market Forecast and Opportunities, 2035 – ADAS, Semi-Autonomous, Fully-Autonomous” global autonomous car technology market is expected to witness a CAGR of over 10% through 2035. The market is currently dominated by ADAS segment, which is expected to maintain its dominance over the next twenty years as well. The dominance of this segment can be attributed to anticipated increase in government regulations pertaining to integration of ADAS technologies in passenger cars. Further, semi-autonomous car technology is expected to witness robust growth over the next ten years, owing to anticipated decline in its average selling price coupled with rising volume sales. Region-wise, North America has emerged as the largest contributor in the market for autonomous car technology, followed by Europe, Asia-Pacific (APAC) and Middle East North Africa (MENA).

As per TechSci Research, demand raised by the Faraday Future for the number plates indicates that the company would launch its self-driving autonomous car in near future, thereby intensifying the competition. Apart from Faraday Future, several other companies such as, BMW, Daimler, Toyota, Volvo and Ford are also anticipated to launch autonomous cars in the coming years as well.  

Relevant Reports

North America Moisture Curing Adhesives Market By Chemistry (Polyurethane, Silicone, Cyanoacrylate, Polyolefin), By Application (Building and Construction, Automotive, Woodworking, Textile, Others), By Country, Competition, Opportunity, & Forecast

Chemicals | Dec, 2024

Environmental Friendliness, increasing construction activities are the factors driving the North America Moisture Curing Adhesives market in the forecast period 2025-2029.

Relevant News