The Prospector News

Autonomous Vehicles Will Reach Nearly 95 Million in Annual Sales by 2035, Forecasts Navigant Research

You have opened a direct link to the current edition PDF

Open PDF Close

Share this news article

Autonomous Vehicles Will Reach Nearly 95 Million in Annual Sales by 2035, Forecasts Navigant Research






Autonomous, or self-driving, vehicles have been a goal of automotive engineers for many years.  Today, although significant challenges remain, the competition among automakers to bring autonomous features to market is strong.  In the long term, the technology has the potential to institute major changes in personal mobility, particularly in large cities.  According to a new report from Navigant Research, worldwide sales of vehicles with autonomous capability will grow from zero in 2014 to 94.7 million in 2035.




“Combinations of advanced driver assistance features that can enable semi-autonomous driving are now being brought to market for the first time,” says David Alexander, senior research analyst with Navigant Research.  “The cost reductions brought about by increasing volumes and technological advances make the installation of the multiple sensors necessary for such capability feasible.”




While more testing is still needed to ensure robustness, the biggest practical hurdles before rollout to the public are not technological but relate to liability, regulation, and legislation, according to the report.  If no government is willing to take the steps required to make autonomous vehicles legal on public roads, it could be a big obstacle for the emergence of widespread autonomous driving and the potential benefits it offers.




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.  


Posted July 16, 2014

Share this news article


Northern Vertex Reports Record Quarterly Production, Revenue and Adjusted EBITDA

Northern Vertex Mining Corp. (TSX: NEE) is pleased to announce re... READ MORE

November 27, 2020

Yorbeau Closes Non-Brokered Private Placement

Yorbeau Resources Inc. (TSX: YRB) is pleased to announce that it ... READ MORE

November 27, 2020

Talisker Intersects 995 g/t Gold Over 0.5 Metres within 227.55 g/t Gold Over 2.25 Metres at the Bralorne Gold Project

Talisker Resources Ltd. (TSX: TSK) (OTCQX: TSKFF) is pleased to a... READ MORE

November 26, 2020

Copper Mountain Closes C$17.25 Million Bought Deal Offering of Common Shares

Copper Mountain Mining Corporation (TSX: CMMC) (ASX: C6C) i... READ MORE

November 26, 2020

Surge Copper Drills 0.72% Copper Equivalent Over 176.1 Metres At Ootsa Including 0.89% Copper Equivalent Over 126 Metres

Surge Copper Corp. (TSX-V: SURG), is pleased to announce assay re... READ MORE

November 26, 2020

Copyright 2020 The Prospector News - Site design by Spyderbaby Productions