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Adoption of autonomous options will create new progress alternatives for start-ups, says Frost & Sullivan
SAN ANTONIO, Oct. 25, 2022 /PRNewswire/ — The transition from superior driver help methods (ADAS) to autonomous driving (AD) has inspired authentic tools producers (OEMs) to accomplice with start-ups to develop {hardware} and software program capabilities. Frost & Sullivan’s current evaluation finds that the widespread adoption of Society of Automotive Engineers (SAE) Level 2 (L2) and above autonomous options pushes OEMs to collaborate with a number of know-how individuals and start-ups to allow autonomous car evolutions. Level 2 autonomous autos present partial automation that assists the drivers with acceleration, steering and braking and might take management of the car underneath particular situations. Additionally, the altering market dynamics within the automobile business with related, autonomous, shared, and electrical (CASE) mobility will current huge alternatives for OEMs and start-ups by encouraging new business fashions.
For additional data on this evaluation, Strategic Overview of Start-ups Disrupting the Global Autonomous Vehicle Market, please click here
“The automotive industry value chain is transitioning from the traditional pyramidal form to a flat structure,” mentioned Deexeta Mohan Kumar, Mobility Research Analyst at Frost & Sullivan. “Further, technology developers are working with OEMs and tiered suppliers to develop, validate, supply, and integrate AD features into vehicle platforms.”
Mohan Kumar added: “Factors such as traffic congestion, emissions, and shifting customer preference toward convenience features in vehicles are disrupting the technological advancement of automotive systems. This trend is pushing technology participants and OEMs to deploy convenience features, such as adaptive cruise control, autonomous parking, and L2 and L2+ piloted driving in their vehicles as optional bundles.”
To make the most of this transition from ADAS to AD within the automotive house, start-ups and OEMs ought to deal with:
- Efficient and scalable software program and {hardware} structure that may accommodate further functionalities by software program updates at low or no additional prices.
- Underlying know-how for high-precision sensing and price competitiveness, which will probably be a differentiating issue for start-ups.
- Collaboration amongst start-ups from the {hardware} and software program know-how segments to develop worth propositions that disrupt the evolving panorama.
Strategic Overview of Start-ups Disrupting the Global Autonomous Vehicle Market is the newest addition to Frost & Sullivan’s Mobility analysis and analyses accessible by the Frost & Sullivan Leadership Council, which helps organizations determine a steady movement of progress alternatives to achieve an unpredictable future.
For over six a long time, Frost & Sullivan has helped construct sustainable progress methods for Fortune 1000 firms, governments, and traders. We apply actionable insights to navigate financial modifications, determine disruptive applied sciences, and formulate new business fashions to create a stream of progressive progress alternatives that drive future success. Contact us: Start the discussion
Strategic Overview of Start-ups Disrupting the Global Autonomous Vehicle Market
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