BOULDER, Colo.--(BUSINESS WIRE)--A new report from Navigant Research analyzes the technologies required to implement highly automated driving capabilities, providing an analysis of major market issues as well as global forecasts for sensor and electronic control unit sales, through 2026.
Ever-increasing computing power, new sensing technologies, software architecture advancements, electric propulsion, and wireless communications are enabling the development of vehicles that will eventually be able to drive in almost all road and weather conditions without human intervention. As automated capabilities become more sophisticated, their potential to have a major effect on various societal issues, including safety, air quality, energy use, and road congestion, continues to increase. Click to tweet: According to a new report from @NavigantRSRCH, over the coming decade, annual sales of light duty vehicles with at least partial automated driving capability are projected to reach more than 90 million.
“As the level of automation increases to the point where human drivers will not be expected to take over control in the event of a problem, these vehicles will require a degree of redundancy in sensors, compute platforms, and actuators that is unprecedented in automotive applications, thus driving demand for all of these components,” says Sam Abuelsamid, senior research analyst with Navigant Research.
With more than 1.2 million people killed globally each year and tens of millions more injured in traffic accidents, the potential for automated vehicles to bring the crash rate down could significantly reduce the human cost of transportation, according to the report. At the same time, shared automated vehicles can eventually reduce both the total number of vehicles and the amount of land mass allocated to parking idle, personally owned vehicles, in addition to other benefits.
The report, Automated Driving Vehicle Technologies, examines the technologies required to implement automated driving, with a focus on solutions that go above and beyond current driver assist systems, including perception and actuation systems, software, and compute platforms. The study provides an analysis of the major market and technology issues associated with the AV technologies required to enable highly automated driving capabilities. Global market forecasts for sensor and electronic control unit sales, segmented by technology and region, extend through 2026. The report also examines the major demand drivers and key industry players within the competitive landscape. 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 Energy Technologies, Utility Transformations, Transportation Efficiencies, and Buildings Innovations sectors. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, Automated Driving Vehicle Technologies, 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.