BOULDER, Colo.--(BUSINESS WIRE)--A recent report from Navigant Research analyzes the emerging global market for advanced driver assistance systems leading to semi-autonomous and autonomous driving, including global market forecasts for autonomous-capable vehicle sales and volumes of key autonomous driving features and associated revenue through 2035.
The first vehicles with some level of self-driving capability are expected to come to market by 2020, with sales volumes for autonomous vehicles likely becoming significant by 2025. Although the legal and regulatory barriers to fully autonomous vehicles are high, the technology has the potential to transform the automobile industry and significantly lower roadway accidents. Click to tweet: According to a recent report from Navigant Research, the proportion of vehicles sold worldwide with some degree of autonomous capability is expected to reach 75 percent by 2035.
“Autonomous vehicles have been a goal of automotive engineers for many years, and the competition among automakers to bring autonomous features to market is accelerating,” says David Alexander, senior research analyst with Navigant Research. “In the long term, vehicles with self-driving technology may provide the optimum solution for personal mobility on demand.”
Among the most attractive markets for autonomous vehicles in the coming years, according to the report, will be point-to-point long-distance delivery trucks, which travel over motorways and freeways. Much like airline pilots, truck drivers could drive the vehicle through local roads to the highway, and the “auto-pilot” could then take control for the long-distance part of the journey, while the driver rests or conducts other business activities.
The report, “Autonomous Vehicles”, analyzes the emerging global market for advanced driver assistance systems leading to semi-autonomous and autonomous driving. It provides a discussion of the benefits of self-driving vehicles and barriers to implementation. Global market forecasts for autonomous-capable vehicle sales and volumes of key autonomous driving features and associated revenue, segmented by region and feature, extend through 2035. The report also provides a review of the core driver assistance technologies that make self-driving vehicles possible, as well as in-depth profiles of the leading industry players. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of the Smart Energy, Smart Utilities, Smart Transportation, and Smart Buildings sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals provide services that extend from expert and advisory work through implementation and outsourcing. The firm combines deep technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism to address clients’ needs in highly regulated industries including Construction, Energy, Financial Services and Healthcare. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, “Autonomous Vehicles,” is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.