Automotive Autonomous Vehicles Market and Trend Analysis by Technology, Key Companies and Forecast, 2021-2036

This report provides a comprehensive overview of the emerging autonomous light vehicle sector, major suppliers, top 14 markets, technology trends and market size forecasts.

Autonomous Vehicles Market Dynamics

The principal political or policy driver for the autonomous car movement is safety and a desire to reduce or eradicate road fatalities. Governments and policymakers across Europe, North America, and Asia are all working towards reducing road accidents and making driving safer. One of the best understood economic arguments for autonomous vehicles centers largely on the possibility that the technology will help boost economic productivity.

The promise of lower insurance premiums was the prime motivator to purchase a partially autonomous vehicle. The more commonly cited motivators of increased safety and the convenience of the self-driving mode on the highway were the second and third most important social reasons for further growth of the autonomous vehicles market. Much of the technology required for autonomous vehicles already exist in isolation and can be found in the Advanced Driver Assistance Systems (ADAS) in use and under development today. Such systems, based on the use of a combination of sensors, stereo cameras, long and short-range radar, light detection, and ranging (LIDAR), are among the technologies that form the basis of the autonomous vehicle.

Furthermore, there is an argument that future autonomous vehicles will help improve fuel economy and have other environmental benefits. A prime regulatory consideration for autonomous cars is control and access to the “big data” that they will generate. Vehicle data that can be tied back to an individual prompts many questions over data security and control. Consequently, there have been numerous reports warning of autonomous cars getting hacked unless the appropriate security measures are taken.

Key Technologies in the Autonomous Vehicles Market

The key technologies in the autonomous vehicles market are cockpits and displays, seating, sensors, steering systems, and suspension systems.

Cockpits and Displays: While head-up displays (HUDs) have been in cars for more than 20 years, OE fitment rates have been slow and gradual. But the HUD market is predicted to flourish as more cars are being equipped with ADAS and drivers are demanding graphically rich data, visual alerts, and greater levels of connectivity. As part of a wave of affordable smart windscreen technology, the next big thing is Augmented Reality HUDs (AR-HUDs) designed for a more comfortable and safer driving experience.

Seating: Future seats will become an even more active safety system. The seat will be an integral part of passenger protection, linked to all active safety systems of the vehicle. Additional seat functions such as the option to rotate the direction of the seat to allow direct communication with other passengers or a seat in a reclined relaxation position will provide maximum crash safety.

Sensors: The development of ADAS is largely reliant on sensors and the accompanying development of predictive software. The main hardware used in ADAS systems, and to be used in autonomous vehicles, consists of radar, Lidar, and cameras. They can be used on their own or harnessed together.

Steering systems: Manufacturers say an autonomous emergency steering system offers a high level of collision avoidance capability by applying automatic braking and automatic steering in situations where a collision is imminent and evading obstacles by braking may not be effective.

Suspension systems: While the autonomous vehicle promises several benefits to the occupants, improved ride comfort will be key to their experience. Any motions that could make passengers feel uneasy or unwell will need to be dialed out of the chassis.

Key Manufacturers in the Autonomous Vehicles Market

Some of the key manufacturers in the autonomous vehicles market are Audi, BMW, FCA, Ford, GM, Honda, Hyundai-Kia, Mazda, Mercedes Benz, and PSA.

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Autonomous Vehicles Market Report Overview

Scope

This report contains an overview of the automotive sector along with detailed related component forecasts, supported by information drawn from GlobalData’s extensive range of sources.

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