Market Overview

Juniper Research: Self-Driving Vehicles to Reach 50 Million by 2026, as Singapore & US Lead Country Readiness Index

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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 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
  • Singapore
  • Japan
  • United Kingdom
  • South Korea
  • Netherlands
  • Malaysia
  • India
  • China
  • France

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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