The Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicle (AV) market is set for solid growth over the next four years, with global revenues expected to reach US$35 billion by 2020 and blow out to US$144 billion by 2025.
The latest market report from Juniper Research shows the ADAS and AV markets achieving a fourfold increase by 2025 and, whilst ADAS still lacks significant mass market penetration, Juniper says its adoption is set to increase rapidly over the next 5 years driven by a number of factors, including:
• Safety Agency specifications will become more stringent, particularly with respect to vulnerable road users such as pedestrians. Juniper recommends that OEMs will need to invest in more sophisticated ADAS systems to obtain the coveted 5 star ratings
• Increasing interest in AV by governments around the world due to safety and environmental reasons. In addition, the research found that commercial companies such as ride-sharing service providers will lead adoption of AV technology, enabling them to significantly reduce their operating costs
• Reduction in hardware costs, particularly sensors, will lead to commoditisation of ADAS systems.
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Juniper Research ranked the top 5 Tier-1 vendors in the ADAS and AV market, scoring them on factors including product range and offerings, creativity and innovation, partnerships and deployments, future potential, and market opportunity.
The top 5 vendors are:
• Bosch
• Continental
• ZF Friedrichshafen
• Autoliv
• Delphi
Research author Gareth Owen said: “A major supplier to Google and Tesla, Bosch was ranked the Number 1 supplier best placed to benefit from lucrative supply contracts when OEMs start manufacturing AVs en masse”.
Owen says that he research found that although issues concerning performance and reliability exist today, increased sensor integration and the widespread adoption of sensor-fusion will lead to system redundancy and improved safety and reliability.
“Juniper believes that standardisation of components will accelerate this process,” Owen concludes.
A complimentary whitepaper – ‘On Track with Self-Driving Vehicles 2.0’ - is available to download from the Juniper website together with further details of the full research.