Autonomous Vehicles Will Surpass 95 Million in Annual Sales by 2035

August 21, 2013

Combinations of advanced driver assistance features, such as adaptive speed control, automatic emergency braking, and lane departure warning, are now being brought together in some 2014 vehicle models, making semi-autonomous driving a reality in many markets for the first time.  Increasing production volumes and technology improvements, leading to cost reductions, are now making it feasible to install the multiple sensors necessary for such capabilities.  According to a new report from Navigant Research, sales of autonomous vehicles will grow from fewer than 8,000 annually in 2020 to 95.4 million in 2035, representing 75 percent of all light-duty vehicle sales by that time.

“Fully autonomous vehicles are unlikely to reach the market suddenly,” says David Alexander, senior research analyst with Navigant Research.  “Instead, progressively more capable systems that can assume control of certain aspects of driving will be introduced gradually.  The first features will most likely be self-parking, traffic jam assistance, and freeway cruising — well-defined situations that lend themselves to control by upgraded versions of today’s onboard systems.”

One of the main barriers to fully automated vehicles driving is the legal requirement in many countries that all vehicles must have a driver in control at all times.  Some U.S. states and European countries have begun to issue licenses to companies to conduct testing of autonomous driving features on public highways under controlled conditions, according to the report.  However, before full autonomous driving capability becomes available, liability issues must be clarified.  Automakers will be reluctant to assume responsibility for not only supplying the vehicles, but also safely operating them.

The report, “Autonomous Vehicles”, provides a detailed examination of the emerging market for advanced driver assistance systems leading to semi-autonomous and autonomous driving. The report includes profiles of the leading vehicle manufacturers and suppliers, along with an analysis of the drivers and inhibitors for sales of these vehicles.  Forecasts for revenue and sales volumes, segmented by region, extend through 2035.  The report also includes a review of the core driver assistance technologies that make self-driving vehicles possible.  An Executive Summary of the report is available for free download on the Navigant Research website.

Contact: Richard Martin

+1.303.493.5483

richard.martin@navigant.com

* The information contained in this press release concerning the report, “Autonomous Vehicles,” is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.

Register to Receive Updates

Sign up or login to receive free newsletters, research updates, access to webinars, and other analyst content from Navigant Research.

Research News

Rss
Residential Demand Response Sites Expected to Reach Nearly 65 Million by 2023
September 2, 2014Half of residential DR sites to be linked to dynamic pricing programs by 2023, report concludes • Residential demand response (DR), in the form of programs designed to encourage consumers to…
Read More »
Spending on Energy Efficient Buildings in Europe Is Expected to Total Nearly $800 Billion From 2014 Through 2023
August 28, 2014Enforcement and activity vary widely from country to country, report finds • Buildings account for 40 percent of Europe’s final energy consumption, and thus represent a…
Read More »
Smart Grid as a Service Will Reach $11.2 Billion in Annual Revenue by 2023
August 26, 2014Benefits include reduced time to market and world-class security, report finds • While they represent a small part of the smart grid market today, smart grid…
Read More »
55 Million Electric Motorcycles and Scooters Will be Sold Worldwide from 2014 to 2023
August 25, 2014Harley Davidson’s entry will spur sales as growth accelerates in North America and Europe, report concludes • Driven by rising gasoline prices and increasingly congested city streets, more consumers are starting…
Read More »
View All News

{"userID":"","pageName":"Autonomous Vehicles Will Surpass 95 Million in Annual Sales by 2035","path":"\/newsroom\/autonomous-vehicles-will-surpass-95-million-in-annual-sales-by-2035","date":"9\/2\/2014"}