Autonomous Vehicles Will Surpass 95 Million In Annual Sales By 2035, Forecasts Navigant Research - aftermarketNews

Autonomous Vehicles Will Surpass 95 Million In Annual Sales By 2035, Forecasts Navigant Research

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.

BOULDER, Colo. — 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,” said 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.
 
For more details, and to view the “Autonomous Vehicles” report, click here.

 
 

You May Also Like

MAHLE Awarded Thermal Management Module Contracts

The total order volume across both projects is just under €1.5 billion.

MAHLE Thermal Management Modules

MAHLE announced it secured two major orders for thermal management modules and said it is successfully continuing its course of acquisition in the field of e-mobility. One of the contracts is from an established, globally-present vehicle manufacturer, according to MAHLE. It marks the largest single order in the company history of the technology group.

Dill Air Controls Acquires Exactra, Inc.

“The expertise and equipment from Exactra’s many years of experience in the industry are critical to our continued growth,” said Brian Rigney, Dill president.

Dill Air Controls Acquires Exactra Inc.
Philips Announces Xperion 6000 LED Under Hood Work Light

It features a motion detection switch that allows mechanics to turn the light on and off with a wave of their hand.

Stoneridge Releases Inaugural Sustainability Report

The report highlights the company’s progress on Environmental, Social and Governance initiatives.

Stoneridge Releases Inaugural Sustainability Report
ZF Expands SACHS CDC Shock Line for U.S., Canada

The release expands ZF’s line by more than 70 percent, reflecting growing demand for advanced damping technology in the aftermarket.

ZF expands line of SACHS CDC shocks for U.S. and Canada

Other Posts

Clarios to Supply High-Performance AGM Battery to Major OEM

It offers up to 80% reduction in CO2 emissions over traditional AGM batteries, in many cases, Clarios said.

Continental Tire Opens Retread Solutions Center in South Carolina

The company said it hopes to uncover new improvements and technologies to innovate the retread process.

Continental Tire Opens Retread Solutions Center in South Carolina
Philips Announces GoPure GP5212 Automotive Air Purifier

It uses a 3-layer filter to deliver cleaner, healthier, fresher air on the go, Lumileds said.

Akebono Introduces Severe-Duty Ultra-Premium Fleet Brake Pads

The brake pads are engineered to endure challenging conditions, delivering exceptional stopping power when it matters most, Akebono said.