Driven by the development of autonomous vehicles, increasing concerns for driver and vehicle safety and a growing focus towards reducing transportation costs, artificial intelligence in the transportation market is projected to reach US$3.5 billion by 2023, according to a report by P & S Market Research.Read More
Helped by shared mobility services, which are set to account for nearly two-thirds of the market, the global autonomous driving market is expected to grow to $173.15 billion by 2030, according to new research from Frost & Sullivan.Read More
The rapid deployment of autonomous vehicles, driven by OEMs, could lead to as many as 8 million consumer vehicles shipping in 2025 with Level 3 and Level 4 automated driving technologies, according a to new report from ABI Research.Read More
The EU’s eCall mandate and rising adoption in China will be primary drivers of the growth that could see more than 125 million connected passenger cars with embedded connectivity shipped by 2022, according to new research from Counterpoint Research.
A well-designed autonomous vehicle parking lot could accommodate 62% more cars than a conventional one, for a given number of cars, according to research by a team at the University of Toronto.Read More
The connected car market could reach USD219.21 billion by 2025, thanks to government mandates supporting connected car technology and an increase in demand for a safer, more efficient and convenient driving experience through connected services, according to a new report from MarketsandMarkets.Read More
As the market for autonomous trucks and buses continues to develop over the next few years, annual unit sales could increase to 188,000 units in 2022, according to a new report from Tractica.
The convergence of three trends – vehicle electrification, autonomous driving and shared mobility –could see new mobility technology drive 40% of auto industry profits by 2035, according to new research from the Boston Consulting Group.Read More
Aided by the rapid convergence of autonomous driving and mobility services such as ride-hailing, the number of autonomous vehicles sold annually in 2040 could surpass 33 million, according to a report by IHS Markit.Read More
The need for a safe and productive driving experience and the growth of connected vehicle technology could see the size of the autonomous vehicle for luxury segment reach 126,774 units by 2030, according to a new MarketsandMarkets forecast.Read More
The global market for advanced driver assistance systems and autonomous driving components could reach more than $61 billion by the year 2026, led by an increase in the number of automated vehicles, according to a new market intelligence report by BIS Research.Read More