Driverless [New] The use of the Internet of Things (IoT) should reach 20.4 billion IoT units installed in 2020; - Autonomous vehicles are expected to quadruple within the next 5 years and - Virtual and augmented reality could reach a market size of $193 billion by 2022. Although the acceptance of self-driving vehicles in the near future seems to be a difficult task, previous studies have demonstrated that autonomous vehicle (AV) technologies will become more widespread in the international market by the end of the decade due to their potential benefits. From diagnosing illnesses and identifying Earth-like planets to autonomous cars and language translation, the potential of machine learning outperforming humans on specific tasks will continue to develop and grow over the coming years. Autonomous vehicles could be 15% of global light vehicle sales by 2030. The global Driverless Tractors market is anticipated to rise at a considerable rate during the forecast period, between 2020 and 2025. If you review most sources, lidar technologies are expected to grow substantially during the next decade, seen as an important enabler of autonomous vehicles and driving. The global HD map for autonomous vehicles market was valued to be USD 1.3 Billion in 2019 and is predicted to reach USD 20.4 Billion by 2030, expanding at a CAGR of 36.2%. Inceptio Technology is building a proprietary autonomous trucking technology with plans to operate its own nationwide trucking network in China starting in 2022. The successful development of fully autonomous systems is expected to be slower than anticipated, overlapping with technological developments in low-power sensors, propulsion and artificial intelligence. The global autonomous vehicles market is expected to decline by more than 3% during 2020 as a result of the COVID-19 outbreak1, and may take years to recover. Amazon will probably invest another $1 - $2 billion to complete development of its autonomous vehicles and several billion more to build a fleet of vehicles for autonomous ride services. The Autonomous Weapons market is estimated to witness a Compound Annual Growth Rate of 8.26% from 2020 to 2030. The next 20 years will bring significant changes as electrification, shared mobility, vehicle connectivity and, eventually, autonomous vehicles reshape automotive and freight markets around the world. Intelligent transportation systems and improved performance of autonomous vehicles create new opportunities in the coming years. The automated guided vehicles (AGV) segment is forecast to hit $4.6 billion while the autonomous mobile robot (AMR) segment is expected to reach $6.8 billion. The storage capacity requirement for autonomous vehicles would balloon to over 2 TB in the next decade and, as technology continues to advance, that number could grow. The global ADAS and autonomous driving component market is expected to be valued at $39.79 billion and 518.6 million units in 2018 and is anticipated to grow at a CAGR of 12.51% and 13.29% respectively, during the forecast period, 2019-2029. Technavio has been monitoring the global autonomous bus market and it is poised to grow by 2364 units during 2020-2024, progressing at a CAGR of almost 32% during the forecast period. By 2025, 80% of new cars in China should have autonomous capabilities, and 15% should be highly autonomous vehicles that largely drive themselves. The market for autonomous mobile robots (AMRs) and autonomous ground vehicles is forecasted to generate over $10bn by 2023 and that prediction relies on data from before the COVID-19 pandemic. The market of automated vehicles, goods-to-person automated carts and autonomous mobile robots is expected to more than triple between 2030 and 2040 - from $81 to $290 billion. See full forecast Last updated: 09 August 2020 Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No
