Mexican Media Brands
Semi-Autonomous Vehicle Market Forecast to Grow 140% by 2021
Annual global sales of vehicles equipped with some sort of semi-autonomous driving features are expected to grow nearly 20% per year to total 7.8 million vehicles by 2021, according to a new report by MarketsandMarkets.
#economics
Share
Annual global sales of vehicles equipped with some sort of semi-autonomous driving features are expected to grow nearly 20% per year to total 7.8 million vehicles by 2021, according to a new report by MarketsandMarkets.
The Pune, India-based research and consulting firm estimates there were about 3.2 million such vehicles sold worldwide last year. The 150-page report says growth will be driven by on-going technology advances and safety benefits.
The ramp-up of fully autonomous vehicles will take more time. MarketsandMarkets projects there will be just 180,000 self-driving cars sold in 2025, with annual volumes rising to just over 1 million vehicles by 2030.
Adaptive front lights and radar are expected to be the most popular technologies used in semi-autonomous and autonomous vehicles, respectively, in coming years. High take rates also are forecast for parking-assist systems.
Europe and North America will be the largest markets for semi- and full-autonomous vehicles, respectively, according to the authors. Demand is likely to be high in China and Japan too, according to the report.
RELATED CONTENT
-
Plastics: The Tortoise and the Hare
Plastic may not be in the news as much as some automotive materials these days, but its gram-by-gram assimilation could accelerate dramatically.
-
On Electric Pickups, Flying Taxis, and Auto Industry Transformation
Ford goes for vertical integration, DENSO and Honeywell take to the skies, how suppliers feel about their customers, how vehicle customers feel about shopping, and insights from a software exec
-
On Fuel Cells, Battery Enclosures, and Lucid Air
A skateboard for fuel cells, building a better battery enclosure, what ADAS does, a big engine for boats, the curious case of lean production, what drivers think, and why Lucid is remarkable
