Topic Discussed : Future of Global Shared Driverless Vehicles Market, Forecast to 2031

Speakers : Guruguhan Nataraj

Key Takeaways :

1)     Shared Driverless vehicle (SDV) market revenue is estimated to reach $10.40 billion globally by 2031. Growth is expected at a CAGR of 60.7% between 2017 and 2031

2)     The legal framework is being formulated in Europe and the United States. Government support of SDV systems is expected to be a significant factor in the proliferation of automated buses by the year 2025. Many regional governments such as England, Finland, Netherlands, Japan, Singapore and some US states are pushing autonomous driving technologies

3)     Automated bus transit systems are expected to have significant growth post 2021. This is because of the launch of commercial operations and entry of new market participants. Key automotive OEM’s are expected to form strategic partnerships with autonomous technology solution providers to build automated buses

4)     Over 71 testing pilots of driverless shuttles were conducted throughout the globe since 2016. Currently there are 21 pilot operational programs in Europe, North America, Middle East and Oceania. Around 10 testing projects are planned which are expected to take place in 2018

5)     Navya and Easymile lead the driverless shuttle market in terms of pilot projects. The two companies contribute to more than 70% of the total number of testing pilots conducted globally

Related Keywords: Frost & Sullivan, 2getthere, Auro, Bestmile, Easymile, Local Motors, Mobileye, Navya, Nuro, Oxbotica, RideCell, bosch, continental, nvidia, valeo, 3D Mapping, AI, Autonom Shuttle, Bestmile, Cloud based Platform, Commuters, Connectivity, EZ10, Easymile, First mile, Last mile, LiDAR, Navya, Nuro, Olli, Oxbotica, SAV, SDV, Sensor Technology, Shared Autonomous Vehicles, Shared Driverless Vehicles, Smart City, Urban Rail

Website: www.frost.com

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