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

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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

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