Global Autonomous Driving Market Outlook, 2017, recent research from Frost & Sullivan's Automotive & Transportation Growth Partnership Service program, finds that the global autonomous driving market will be worth $83 billion by 2025. The study examines the top trends in the automated driving market, including developments like growing usage of driver assistance, new solutions, robot taxis, cognitive cloud computing, and adoption of mechanical light detection and ranging (LiDAR) for perception improvement.
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"Concerns surrounding legislation, system reliability issues, and incompatible infrastructure limit the opportunities for OEMs looking at automated driving," noted Venkitaraman. "Nevertheless, the journey from human-operated to completely autonomous cars is a progression, and pioneering semi-automated vehicles will be an important milestone toward achieving level 5 automated vehicles."
For now, fast-tracked innovation from startups and technology leaders in automated vehicle technologies will force OEMs, technology providers and disruptors to partner with, acquire or upgrade R&D to stay competitive. Key growth trends and opportunities expected in the global automotive driving market this year include:
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Global Autonomous Driving Market Outlook, 2017 MCCA-18
Contact: Jana Schneborn Corporate Communications Europe P: +49 (0)69 77033 43 E: jana.schoeneborn@frost.com
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SOURCE Frost & Sullivan
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Autonomous Driving Market Focuses on Artificial Intelligence and ... - PR Newswire (press release)
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