Microsegmentation relies on laser scanning, radar, computer vision and other advanced technologies to perceive the vehicle's surroundings down to the centimeter. Vehicles can detect pedestrians, cyclists, other vehicles and obstacles to plan routes and maneuvers. The onboard computers fuse data from multiple sensors to build a comprehensive real-time model of the environment. This powers autonomous driving capabilities from simple driver assist features to fully self-driving modes without human intervention.

The Global Microsegmentation Market is estimated to be valued at US$ 2682.72 Bn in 2024 and is expected to exhibit a CAGR of 61% over the forecast period from 2024 to 2031.

Key Takeaways

Key players operating in the Microsegmentation are AutoX, Inc., Baidu, BMW AG, Daimler AG, EasyMile, Ford Motor Company, GM Cruise LLC, Hyundai, Tesla, Inc., and Waymo LLC. The pioneering manufacturers are investing heavily in research and development to bring new autonomous vehicle models to market.

The growing demand for autonomous vehicles from logistics, commercial fleet operations and ride-sharing services is expanding rapidly. Traditional automakers and technology firms see autonomous trucks and shared self-driving vehicles as a huge new opportunity. Cities seek mobility solutions to alleviate traffic and enable elderly and disabled residents to independently travel.