“Sharing vehicles is one of the core benefits of an autonomous fleet, and if people are willing to share rides, then even greater efficiency can be achieved,” says David Alexander, senior research analyst with Navigant Research. “Studies have shown that an autonomous fleet can effectively replace a much larger number of private vehicles in a city center, which represents both opportunity and challenge for original equipment manufacturers (OEMs).”
While improved safety and a reduction in accidents is one of the biggest benefits of autonomous driving, liability is a concern for many OEMs, according to the report. Claims that a vehicle itself caused damage or injury could be potentially ruinous for manufacturers, while legislation establishing that liability rests with whomever activates a system would encourage the launch and deployment of fully autonomous vehicles.
Leading vehicle manufacturers
The report, Autonomous Vehicles, provides a detailed examination of the emerging market for different levels of fully and semi-autonomous driving. The study provides a discussion of the potential benefits, demand drivers, inhibitors, and technology issues related to advanced driver assistance systems (ADAS) and autonomous vehicles, as well as profiles of the leading vehicle manufacturers and suppliers.
Global market forecasts by region for volumes of vehicles with Level 2, 3, and 4 autonomy, along with the associated revenue, extend through 2035. The report also includes an assessment of how quickly the percentage of vehicles with some autonomous capability will grow within the overall parc of vehicles on the road in each of the six major world regions.