Synthesising the Existing Literature on the Market Acceptance of Autonomous Vehicles and the External Underlying Factors.

In recent years, the level of acceptance of autonomous vehicles (AVs) has changed with the advent of new sensor technologies and the proportional increase in market perception of these vehicles. Our study provides an overview of the relevant existing studies in order to consolidate current knowledge and pave the way for future studies in this area. The paper first reviews studies investigating the market acceptance of AVs. We identify the nonbehavioural factors that account for the level of acceptance and examine these in detail by cross-referencing the results of relevant papers published between 2014 and 2021 to reach a consensus on the perceived benefits and concerns. The findings showed that previous studies have found legal liability, safety, privacy, security, traffic conditions, and cost to be key external factors influencing the acceptance or rejection of AVs, and that the upsides of adopting AVs in regard to improving traffic conditions and safety outweigh the risks identified in relation to these areas. This resulted in an overall weighted average of 65% market acceptance of AVs among the 11,057 people surveyed in this regard. However, the remaining respondents were not very favourably disposed towards adopting AVs because of unresolved issues related to data privacy, security breaches, and legal liability in the event of accidents. In addition, our evaluation showed that the worldwide market purchasing power for an AV, based on 2022 prices, is around $38k, which is significantly below the current anticipated price of $100k. [ABSTRACT FROM AUTHOR]