A new study from Juniper Research (www.juniperresearch.com) forecasts almost 20 million fully autonomous or self-driving vehicles on the road by 2025, with consumer adoption set to take off in 2021. Driven by increased safety and convenience for drivers, development has progressed to live trials with North America and West Europe set to become the first to witness driverless cars in use on the road.
The research found that in the interim, consumer usage of ADAS (Advanced Driving Assistance System) technologies such as adaptive cruise control and automated braking will become key. Juniper Research says that these systems will serve to prepare drivers for the psychological change from the role of driving a car to operating a driverless car.
The research finds that although the market has progressed to live trials, a discernible monetization strategy hasn’t become evident. Stakeholders are currently investigating multiple business models with manufacturers expected to engage in product licensing, self-production or open sourcing the systems.
Juniper Research ranked the top 5 most promising players in the driverless car sector. They were scored on a number of key factors such as: live trials; miles tested on road; technology development; project scale and scope; future potential and market opportunities. The results were: Google, Volvo, Daimler, Tesla, and Apple. Google was ranked as the most promising player, having been in development the longest and having logged the highest amount of autonomous miles on public roads.