The automotive world is speeding ahead: electric (EV) and autonomous vehicles (AV) are poised to become increasingly mainstream, posing a clear challenge to the industry’s established players.
Read MoreFrost & Sullivan’s recent analysis maps the autonomous technology roadmap and market trends in the two leading regions: North America and the European Union. By 2030, Level 4 autonomous trucks will account for transportation of ~6.4% of general freights by ton-miles in the United States, leading to savings of $4.75 billion in annual freight costs.
Read MoreBy 2023, worldwide net additions of vehicles equipped with hardware that could enable autonomous driving without human supervision will reach 745,705 units, up from 137,129 units in 2018, according to Gartner, Inc. In 2019, net additions will be 332,932 units. This growth will predominantly come from North America, Greater China and Western Europe, as countries in these regions become the first to introduce regulations around autonomous driving technology.
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