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The Future of Autonomous CarsNEW YORK, Nov. 17, 2016 /PRNewswire/ -- The Future of Autonomous Cars is a strategy report from Berg Insight analysing the latest developments on the selfdriving car market worldwide. This strategic research report from Berg Insight provides you with 250 pages of unique business intelligence including 5-year industry forecasts and expert commentary on which to base your business decisions. In 2015, the first semi-autonomous (SAE Level 2) car models were introduced on the market and reached sales of an estimated 194,000 cars. This number is forecasted to increase by almost 57 percent to reach new registrations of about 304,000 Level 2 capable vehicles in 2016. By 2030 an estimated 43 million cars will be sold featuring Level 2 capability and the active installed base will have reached about 177 million cars. The total number of new registrations of autonomous (SAE Level 3 and 4) cars is forecasted to grow at a compound annual growth rate (CAGR) of 62 percent from 0.2 million units in 2020 to reach 24 million units in 2030. The active installed base of autonomous cars is forecasted to have reached about 71 million at the end of the forecast period. SAE Level 3 and 4 cars will constitute about 16.5 million and 7.8 million of the cars sold in 2030. However, Level 4 sales are expected to overtake Level 3 in the years following 2030. Cars with Level 5 capability are not expected to emerge before 2030 and potentially much later. There are two approaches to the development of autonomous cars – the evolutionary and the revolutionary. Most of the incumbent car manufacturers are pursuing an evolutionary approach which relies on step-by-step developments. The first step for the evolutionary pathway is to make Level 3 cars available in 2020. This initial system is likely to only feature autonomous mode on freeways. By 2022, the evolutionary approach is expected to reach the next milestone with the rollout of Level 4 capable cars. These cars will be able to drive completely autonomously without ever requesting the driver to intervene but initially only on specific freeways and thus the driver will have to take over control when the car is exiting the freeway. Most of the new entrants like the IT companies as well as startups are instead targeting a revolutionary approach. The revolutionary approach argues that Level 3 is unsafe due to the repeating control exchange between driver and vehicle and therefore aims directly for Level 4 focusing on city-based low-speed autonomous cars. These cars are expected to be introduced in 2022. However, the initial revolutionary Level 4 cars will only be available in specific environments such as in downtown shopping areas. Most carmakers are today developing autonomous car technology and they are joined by software companies, Tier-1 suppliers, government initiatives and startup firms. The diversity of the actors is important since a range of various technological advancements are necessary along with regulatory changes to realize self-driving cars. Fully autonomous cars are closely related to artificial intelligence and this is therefore one of the most researched fields among carmakers and other institutions working on self-driving vehicle projects. Recent progress in the field of artificial intelligence and specifically in deep learning has made the development of autonomous cars seem more likely to occur soon. It is important to recognize that autonomous cars will not arrive overnight. Even when a ready solution is available and regulations have been adapted to it, the roll out of self-driving vehicles to the broad market will take many years. The luxury car market will be the first segment to offer autonomous car technologies. This trend can already be seen with automakers like Tesla, BMW and Mercedes-Benz offering autopilot features in their cars. These features, however, are not truly autonomous yet since they require the driver to stay attentive at all times. Moreover, the automakers are starting to see competition from new entrants like Google, Uber and Baidu which all aim to develop self-driving cars. Read the full report: http://www.reportlinker.com/p04202690-summary/view-report.html About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. http://www.reportlinker.com __________________________ Contact Clare: [email protected] US: (339)-368-6001 Intl: +1 339-368-6001 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/the-future-of-autonomous-cars-300365635.html SOURCE Reportlinker 
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