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.