DUBLIN, Feb. 27, 2024 /PRNewswire/ -- The "South Korea Autonomous Vehicles Market, Size, Forecast 2024-2030, Industry Trends, Share, Growth, Insight, Impact of Inflation, Company Analysis" report has been added to ResearchAndMarkets.com's offering.
South Korea Autonomous Vehicles Market size is projected to reach around US$ 3,159.87 Million by 2030 from US$ 800.84 Million in 2023, growing at a CAGR of 21.66%
South Korea excels in the global autonomous vehicle market due to ambitious government initiatives and a thriving tech atmosphere. Hyundai Motor Group leads the nation's enterprise with ground-breaking automobiles like the Hyundai MobisM. Vision concept car and the Hyundai Ioniq 5 robotaxi KT Corporation focuses on 5G tech for self-riding automobiles and companions with Hyundai.
Naver, a web giant, introduces the Naver Clover self-driving automobile simultaneously as Seoul Robotics gives lidar sensors to Hyundai, Naver, and other self-sufficient car corporations. The South Korean government actively helps the arena, aiming for 30% autonomous vehicle adoption by 2030, launching Seoul pilot software, and growing business deployment rules. South Korea's conducive surroundings and dynamic industry ensure its leadership in the global autonomous vehicle market.
The Republic of Korea is the world's seventh-largest producer of automobiles. South Korea will set up safety standards and an insurance system for the launch of Level 4 autonomous vehicles in the country by 2024, according to the transport ministry. Uber plans to operate the Level 4 IONIQ 5 robo taxis for car-hailing and delivery services in the United States for the next ten years and explore opportunities to advance to ot ..
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