Technology Advances in Sensor Suites Bring Fully Autonomous Vehicles Closer to Fruition


Reading time ( words)

In 2018, Frost & Sullivan expects the autonomous vehicle sector to witness the rise of virtual voice assistance; centralised domain architectures; improved vision and depth-sensing solutions; artificial intelligence powering development, testing and validation; and the rise of shared mobility platforms. The global autonomous driving market is expected to grow to $173.15 billion by 2023, with shared mobility services contributing 65.3%. In the near future, the combination of autonomous driving and shared mobility solutions will result in the convergence of e-hailing and car-sharing business models that will drive new growth opportunities and transform the mobility experience.

“2018 is expected to be the year of L3 automated vehicles for highway use and L4 testing and implementation of autonomous vehicles for limited, controlled and well-defined scenarios,” said Anirudh Venkitaraman, Mobility Senior Analystat Frost & Sullivan. “In the future, customer-centric products will be at the core of innovation with artificial intelligence playing a key role, especially with customer-intuitive applications and real-time, path-planning algorithms driving new growth opportunities.”

Frost & Sullivan’s recent analysis, Global Autonomous Driving Market Outlook, 2018, identifies the prevalent factors contributing to market growth, challenges serving as barriers to success, technology and market trends, leading players, and technology progression of sensor suites for fully autonomous driving. 

For non-automotive technology companies to enter the autonomous driving value chain, Venkitaraman recommends they focus on untapped entry opportunities in the areas of in-vehicle infotainment systems, cloud services, and open operating systems development.

Six trends driving transformational change in the autonomous vehicles sector include:

  1. Autonomous shared mobility solutions;
  2. Collective intelligence for fleet management;
  3. Cybersecurity of autonomous cars;
  4. Convergence of artificial intelligence with autonomous cars;
  5. Domain controllers; and
  6. Driver monitoring systems.

“There are numerous hurdles, both quantitative and qualitative, that the industry will need to tackle if autonomous driving is to have a lasting impact on making safe, clean and lean transportation a reality,” noted Venkitaraman. “Currently, the biggest hurdle is the lack of clear regulatory frameworks that define how these products can be made available to consumers.”

Global Autonomous Driving Market Outlook, 2018 is part of Frost & Sullivan’s Automotive & Transportation Growth Partnership Service programme.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community.

Share


Suggested Items

Bangladesh Smartphone Market Continues Double-Digit Growth in 2017

03/13/2018 | IDC
One out of the three smartphones shipped in Bangladesh was a 4G-enabled smartphone in 2017. Global and China-based vendors have already upgraded most of their devices to 4G.

What’s Coming in 3D Printing Technology in 2018

12/27/2017 | Cullen Hilkene, 3Diligent
First, the arrival of extrusion metal printing. Today's extrusion printers are the most prevalent and, arguably, user-friendly 3D Printers in the market. Now, after years of there being zero metal extrusion printers, there will be two in the new year from Desktop Metal and Markforged. These technologies promise new materials and a higher degree of user friendliness for metal printing.

Global LED Market Expected to Record a CAGR of close to 17% until 2020

05/26/2016 | Business Wire
This research report titled ‘Global LED Market 2016-2020’ provides an in-depth analysis of market growth in terms of revenue and emerging market trends. The market size is calculated on the basis of revenue generated from four segments, including general lighting, backlighting, automotive lighting, and others.



Copyright © 2018 I-Connect007. All rights reserved.