Adaptive cruise control and lane departure warning now included on standard cars.
Reportlinker.com announces that a new market research report is available in its catalogue: Self-Driving Vehicles, Autonomous Parking, and Other Advanced Driver Assistance Systems: Global Market Analysis and Forecasts.
Individual advanced driver assistance features have been available in the luxury vehicle market for some years, but a notable advance came in 2012 when functions such as adaptive cruise control and lane departure warning were offered on standard cars for the first time. Combinations of these features are now being brought to market in some 2014 models to offer semi-autonomous driving. Increasing volumes and technology improvements mean that it is now feasible to install the multiple sensors necessary for such capability thanks to cost reductions. The industry consensus is that autonomous driving will be available by 2020, but significant hurdles still remain. These obstacles are not technological. Advances in computing power and software development mean that features such as high-end image processing and sensor fusion are now ready for production. Rather, the factors that remain to be solved before rollout to the public are those of liability and legislation. Navigant Research forecasts that autonomous vehicles will gradually gain traction in the market over the coming two decades and by 2035, sales of autonomous vehicles will reach $95.4 million annually, representing 75% of all light-duty vehicle sales. This Navigant Research report provides a detailed examination of the emerging market for advanced driver assistance features leading to semi-autonomous and autonomous driving. The report includes profiles of the leading vehicle manufacturers and suppliers along with an analysis of the drivers and inhibitors for sales of these vehicles. Forecasts for revenue and sales volumes, segmented by region, extend through 2035. The report also includes a review of the core driver assistance technologies that make self-driving vehicles possible.
Key Questions Addressed:
What are the key component technologies for autonomous driving?
Which self-driving features will come to market first?
When will the first autonomous vehicles be available?
What are the major benefits of autonomous vehicles?
Which factors must be resolved for implementation to happen?
How fast will the market grow and what is its revenue potential?
