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1 in 4 Cars Sold (18 Million) Globally is Expected to be Automated (L3 and Above) by 2030, with L4 Driving the Growth of Ownership
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The autonomous driving industry is evolving at a rapid pace on various fronts such as advancements in technology as well as emergence of new business models. Traditionally, most major OEMs and Tier I suppliers have strived to explore the benefits of developing applications focused on the convergence of the three technology pillars: Connected, Autonomous, and Electric. However, the true potential of each of these technology pillars can be tapped only by the marriage of technology and service sectors of the industry. Technology and service integration has picked up pace in the recent years, with leading OEMs making investments and acquisitions in service-based companies. Technologically, 2018 witnessed advancements in shared mobility platform, consolidation of E/E architecture, and advancements in integration of AI in every aspect of autonomous development. In 2019, Frost & Sullivan expects sensor solutions and teleoperation to emerge as key developments, while on the business front, OEMs and Tier I companies to prioritize pushing L2+ features in the market.
In this 2019 outlook, Frost & Sullivan has highlighted 1 Mega Trend and 3 key sub trends in each of the market and technological advancements, which will be impacted by autonomous driving.
This study highlights these trends and explains the impact along with use cases.
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