Driverless

• [New] Production of electric vehicles by the major OEMs will accelerate rapidly over the next five years, as will autonomous features.
• [New] The automotive segment is expected to grow significantly faster from < $200M in 2019 to ~ $1.7 B by 2025 E, a ~59% CAGR, as Autos could account for ~50% of the LiDAR market by 2025 E with significant ramps in ADAS / autonomous driving and improving LIDAR technologies.
• China is planning scale production of vehicles capable of conditional autonomous driving and commercialisation of highly autonomous vehicles by 2025.
• Waymo is reportedly going to start allowing its vehicles to carry passengers in 2020, and Cruise has plans to launch its Origin self-driving vehicle, which is built specifically for ridesharing.
• In the initial stage, autonomous driving will be limited to specific areas and the extensive highway network in China provides a stable environment to roll out autonomous driving.
• The global market for artificial intelligence for agriculture is expected to surpass $2 billion by 2024.
• Autonomous vehicles are expected to contribute to 66% of the passenger-kilometers traveled in 2040, while generating $1.1 trillion in mobility services' revenues and $0.9 trillion in sales.
• New solutions offer a step change in compute for autonomous systems in automotive and industrial automation, which Arm believes will be an $8 billion silicon opportunity in 2030.
• Several major auto manufacturers have said they will bring self-driving cars to market in the next few years.
• The autonomous bus market is poised to grow by 2,364 units during 2020-2024, progressing at a CAGR of almost 32% during the forecast period.
• While only 8% of U.S. companies have already implemented robotic systems, 24% say they plan to incorporate autonomous robots and assistance systems within the next two to five years; 20% plan to do so even sooner within the next 12-24 months.
• The autonomous vehicle sensors market is poised to grow by 45.3 million units during 2020-2024.
• Autonomous systems in auto and industrial automation will grow by 20 times over the next decade, with $8 billion in sales in 2030.
• Beijing plans to complete the construction of a connected cloud-controlled high-level demonstration zone for autonomous driving by the end of 2020, which is the first-of-its-kind for the world.
• The global autonomous trains market is expected to decline from $8.33 billion in 2019 to $7.32 billion in 2020 at a compound annual growth rate of -12.16%.
• The global market for autonomous vehicles will reach a projected $65.3 billion from 2016 to 2027.
• The autonomous aircraft market is projected to increase from an estimated US $ 3.6 billion in 2018 to US $ 23.7 billion by 2030 at a growth rate of 17.06%.
• The global market for 3D lidar in autonomous vehicles will grow to $5.4bn by 2030.
• China is planning to realize the scale production of vehicles capable of conditional autonomous driving and commercialization of highly autonomous vehicles in certain circumstances by 2025.
• Nearly two-thirds of passenger-kilometers travelled in China by 2040 will be in self-driving vehicles, generating two trillion U.S. dollars in combined revenues from mobility services and sales of autonomous cars.
• The global market for autonomous bus doors is expected to increase post-pandemic.
• Rolls-Royce previously demonstrated a fully autonomous passenger ferry in Finland and announced a partnership with Intel as part of a plan to bring self-guided cargo ships to seas by 2025.
• In the coming years, Tier 1 automotive suppliers have an enormous opportunity with the development of autonomous vehicles (AVs) but there are challenges - the whole supply chain is being disrupted by new participants and new technologies.

Last updated: 22 November 2020