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Daimler Joins Bosch for Developing Self-Driving Taxi Service

German car manufacturer is partnering with auto-component supplier to develop self-driving taxi technology

Germany: Daimler has recently teamed up with the renowned auto component supplier, Robert Bosch to evolve a system for the development of self-driving cars, i.e. "robo-taxis", by 2020.

As per Bosch, the companies would couple together with an aim of operating at Level 4, which eliminates human intervention in developing autonomous system as well as on Level 5, i.e. entirely driverless technology, specifically to be operated in urban region.

Daimler has been working on autonomous ride-hailing space industry as well. In the process of developing autonomous technology of its own, the luxury car maker, earlier in January 2017, announced to supply its self-driving cars to various cab aggregators such as Uber.

Whereas, Bosch is witnessed to team up with several auto companies in the pursuit of evolving autonomous vehicle technology. Prior this year, in March, the component supplier announced that it has been working with the US based chipmaker, Nvidia to develop a supercomputer for a self-driving system.

TechSci Research depicts that the constantly testing and evolving self-driving technology in the European region is anticipated to further lead to greater advancements in the autonomous vehicle technology, thereby, generating the demand of autonomous vehicles across the globe in coming years. Besides that, the development in the autonomous self-driving taxi service, would act as a step forward towards success in the automotive industry for future driverless cars, thereby, contributing to the growth to overall industry, 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. 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).

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