Competitive Intensity Propelling the Global Autonomous Driving Industry Market, Outlook 2021

Future Growth Potential Enhanced by Growth Opportunities in L2 And L3 Piloted Driving Features

The automotive industry is among the most affected sectors in the pandemic and is currently amid progressive recovery in major markets. Autonomous driving has also faced challenges due to this. A few of them include a decline in Autonomous Vehicle (AV) sales, shortage in value chain components, delayed technology introduction, and shift in consumer preferences. OEMs and value chain partners are finding a way around to streamline their strategies, capital investments, and product roadmap to develop and deploy partial and highly automated vehicles.

In this 2021 outlook, Frost & Sullivan has highlighted 3 key market and business trends that have been affected by the changing dynamics of the autonomous ecosystem. The outlook also highlights 3 key technology trends that Frost & Sullivan expects will see fast advancements, with focus on highly automated vehicle commercialization.

KEY ISSUES ADDRESSED

• What are the new business strategies adopted by OEMs and technology providers in 2021?
• How is the global autonomous market expected to grow by 2025 based on new SAE definitions?
• Which are the key companies expected to announce new innovations in 2021?