Frost & Sullivan-Piloted Driving Features in Level 2 and Level 2+ Autonomous Vehicles to Grow Exponentially by 2025.
ENPNewswire-June 24, 2021--Frost & Sullivan-Piloted Driving Features in Level 2 and Level 2+ Autonomous Vehicles to Grow Exponentially by 2025
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Release date- 23062021 - Frost & Sullivan's analysis finds that OEMs will reconsider their long-term strategies of introducing car sharing and robotaxis (usership model) to the conventional ownership model, due to the financial strain and change in mobility preferences.
Piloted Driving Features in Level 2 and Level 2+ Autonomous Vehicles to Grow Exponentially by 2025
By 2025, one in five cars in developed regions will offer one or more Level 2 features, finds Frost & Sullivan
Santa Clara, Calif. -June 23, 2021- Frost & Sullivan's recent analysis of the global autonomous driving industry finds that original equipment manufacturers (OEMs) and value chain partners are streamlining their strategies, capital investments, and product roadmap to develop and deploy region- and segment-specific partial and highly automated vehicles. By 2025, one in five cars in developed regions will offer one or more Level 2 (L2) features due to stiff competition, while OEMs in emerging countries will offer Level 1 (L1) safety-related features. Global regulations favoring testing and deployment will determine the adoption timeline for consumer markets. China will lead the usership model of Level 4 robotaxis by operating paid services for public use within predefined geographies. This study highlights the critical market, business, and technology trends expected to drive the global autonomous driving industry.
For further information on this analysis, Competitive Intensity Propelling the Global Autonomous Driving Industry Market, Outlook 2021, please visit: http://frost.ly/5v1
'In 2021, many major OEMs prioritized the deployment of Level 2 and Level 2+ partial automation driving systems in their highest selling models and Level 3 conditional automation in a few premium models,' said Varun Krishna Murthy, Senior Research Analyst, Mobility Practice, Frost & Sullivan. 'A lack of regulatory framework, high-value proposition, and lower cost will encourage OEMs to push L2+ features over L2 and L3 in the next five years. Vehicles at L2+ will reach over 11 million units by 2025, from 115,450 in 2020.'
Murthy added: 'OEMs will reconsider their long-term strategies of introducing car sharing and robotaxis (usership model) to the conventional ownership model, due to the financial...
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