The key player Reveals the Top 20 Companies Developing Autonomous Vehicles in 2016

Monday 12 June 2017, Amsterdam

Autonomous vehicles that were a fiction only a decade ago are now becoming a reality. The automotive industry is investing heavily in autonomous vehicle technology. Already some car manufacturers have presented their early versions of autonomous vehicles. Even though the technology is costly and seen in the premium vehicles segment, manufacturers are seeking ways to lower the costs in the future, providing accessibility to their vehicles for more customers. Already, the autonomous vehicles poses significant opportunities and benefits affecting the mobility, society, and economy, as a wide range of industries will be involved. However, the potential impact in terms of penetration, timing and uptake remain uncertain.

Autonomous vehicles are seen as the next step in driving and are regarded as having even more impact on society than when the first vehicles were introduced to the world. Today, technological advancement has allowed manufacturers to revolutionise not only the vehicle itself, but the mindset of people. The digital world is affecting mankind in almost every aspect of life, and connecting technology around humans is a big step forward. The emergence of the Internet of Things (IoT) is already playing a significant role in people’s lives, while more and more technology is being connected around us.

The growth of the autonomous vehicle sector is largely dependent on the levels of penetration and associated costs. Car manufacturers have different views on how the autonomous vehicle would be functioning. Few are relying on the sensors and cameras of the vehicle, as it provides real time data for the car to position itself in the traffic. Other manufacturers use high resolution maps for navigation. And some manufacturers are seeing the autonomous vehicles connecting to each other on the road, forming trains of cars following each other. However, if these technologies would be combined, the level of autonomous vehicle advancement would significantly increase. Nevertheless, the cost of the technology still remains relatively high and while the level of penetration is low, car makers would be considering opportunities for lowering the final price of the vehicle.

Our report analyses the opportunities that the autonomous vehicle (AV) market is offering, but also the restraints that it will face in order to develop a competitive business strategy. The report reveals that the AV technology market will register strong growth, but more crucially provides a thorough overview of top 20 companies that are involved in developing AV technology to identify who will emerge as market leaders as and when the technology is commercialised.