Industry News

Peugeot to Test its Self-Driving Vehicles in Europe

The renowned French car manufacturer to test its autonomous vehicles on European roads

Paris: French car manufacturer, Peugeot, introduced its next revolution autonomous drive vehicle at the Geneva auto show, marking the company’s first attempt to test its latest autonomous drive technology across the European region. The car has a plug-in hybrid drivetrain that develops a power of 300 hp.

“The concept is the first car to have a functional Samsung Artik Internet of Things platform on-board connecting the vehicle with the user's cloud”, “Self-driving cars are the next automotive revolution. Every manufacturer will be offering this technology. The difference will lie in how they go about it”, “The Instinct's self-driving functions and its cloud connectivity will allow occupants including the driver to go about their home, office or leisure daily routine seamlessly” said by representative of Peugeot

As per TechSci Research, the testing of the new self-driving vehicles in Europe is anticipated to further lead to greater advancements in the autonomous vehicle technology, thereby, assisting the demand of autonomous vehicles to grow across the globe over the coming years. The factor would also help in boosting the global autonomous car market. Besides that, the investment in mobility center for autonomous vehicle testing will be a step forward towards success for future driverless cars in the automotive industry, thereby, contributing to the growth of overall industry across the world, in coming years.

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.

Relevant Reports

North America Conformal Coatings Market By Product (Acrylic, Epoxy, Urethane, Silicone, Parylene), By Application (Consumer Electronics, Automotive, Medical, Aerospace & Defense, Others), By Region, Competition, Opportunity, & Forecast

Chemicals | Mar, 2024

Rising Automotive Production and advancements in coating technologies are factors driving the North America Conformal Coatings market in the forecast period 2025-2029.

Relevant News