The global level 3 autonomous vehicle market produced more than 43 thousand units in 2016 and is expected to surpass 122 thousand units by 2021, says Technavio.
Technavio has announced its latest market research report on the global level 3 autonomous vehicle market, under its automotive electronics portfolio. This market analysis discusses the major drivers and key emerging trends and offers an analysis of key vendors like Bosch, Continental, Delphi, Mobileye, and Velodyne.
According to Neelam Barua, a lead analyst for automotive electronics research at Technavio, “The OEMs are introducing systems that are developed with technological advancement and expansion of ADAS ecology. These systems are designed to integrate data from multiple streams like vision, ultrasonic, infrared, LiDAR, and radar and increase the safety of the vehicle.”
The manufacturers are developing ADAS with multiple signal processors, CPU cores, and graphic processing units and are capable of obtaining and processing of huge amount of real-time data. These systems allow vendors to offer customized solutions that increase the flexibility and control of the ADAS devices and caters to requirements of the consumers.
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Increased focus of OEMs toward development of autonomous vehicles
The OEMs in the market are focusing on the development of driverless, which is part of the autonomous vehicle concept. This concept integrates electronics and communication with automotive systems to enable smooth functionality in vehicles. The vendors in the market will enter long-term partnerships with electronics manufacturers to commercialize this idea and produce more autonomous vehicles.
Driver state monitoring
The manufacturers are producing vehicles with engine downsizing, electrification of automotive mechanisms, emission regulations, and connectivity and safety to ensure a safer and efficient driving experience to consumers. The vendors are offering driver state monitoring systems, which can warn or alert the driver of probable collisions, to keep track of the driver’s behavior to increase their consumer base and profitability.
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This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. An analysis of the key companies, including their market shares, business overview, key financials, etc. is provided in this study. This market study also provides a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global Level 3 Autonomous Vehicle Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Commercial Vehicle Remote Diagnostics Market 2017-2021
- Global Automotive Throttle-By-Wire-System Market 2016-2020
- Global Auto Electronics Market 2016-2020
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