China’s autonomous and connected mobility sector is undergoing a transition. The top challenges it faces include technical obstacles, such as perception technology and control algorithms; data privacy, protection, and security laws and regulations issued in the pre-autonomous driving era; and high manufacturing and operating costs. As a result, many industry participants are moving to devise a more sustainable business model.
Frost & Sullivan sees opportunity for industry players to deploy autonomous driving solutions beyond the passenger vehicle space, such as in intelligent mining and fully automated ports. End customers in these fields usually have higher payment capability and more adoption willingness as compared to passenger car OEMs.
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