Self-Driving Vehicles to Reach 50 Million by 2026, as Singapore & US Lead Country Readiness Index
mPOS Transactions to Represent 24% of All POS Transactions by 2023
Hampshire, UK - July 2, 2018 (Investorideas.com Newswire) New findings from Juniper Research reveal that by the end of 2026 there will be over 50 million autonomous vehicles on the road, with over 10 million in the US and 15 million in the Far East and China. In comparison, the global market will account for 1.5 billion vehicles on the road during the same year.
The new research, Autonomous Vehicles & ADAS: Market Trends 2018-2026, found that a confluence of societal shifts, smart city mobility schemes and technology infrastructure will kickstart autonomous vehicle sales. These include softening demand for vehicle ownership driven by the emergence of concepts such as Mobility-as-a-Service, driving safety benefits and establishment of underlying V2X (vehicle-to-anything) communications.
For more market insights, download the free whitepaper: 'Why Google is Leading the Self-Driving Market Race?'.
Singapore & the US Leads Juniper's Country Readiness Index
Juniper evaluated 20 countries according to their readiness for autonomous vehicles, analysing nations' enthusiasm for autonomous vehicles and the likelihood of autonomous vehicles operating in the country. It considered regulatory policies, trials in operation, digital and city infrastructure in place and the participation of local technology firms and organisations.
Leading nations in Juniper's Autonomous Vehicle Country Readiness Index 2018 are:
- United States
- United Kingdom
- South Korea
Research author Michael Larner added: "The US has all the key ingredients for autonomous vehicles to operate at scale. Federal and local authorities supporting AV trials, Silicon Valley and universities spawn firms that can deliver the technology, many local competitors are introducing driverless technologies plus the car remains vital for commuting and leisure travel."
2019 ~ the Milestone Year
The research found that OEMs will incrementally add driverless technologies to newer vehicle models. It predicted that 2019 will be a milestone year with the launch of vehicles where the driver's full attention is no longer required. It claimed that the US and China will be the key regions to watch as new policies and guidelines for autonomous vehicles flourish; and combined, will account for nearly 65% of global autonomous vehicles sold in 2019.
Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and industry commentary.
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