Taxi Sector to Lead Self-Driving Market to Over 22 Million Consumer Vehicles on the Road by 2025

News provided by

Juniper Research

22 Nov, 2016, 10:06 GMT

BASINGSTOKE, England, November 22, 2016 /PRNewswire/ --

Heavy Investments from Ride Sharing Companies Such as Uber, Didi Chuxing, & Lyft, and Tech Giants such as Google & Baidu - to Drive Future Growth 

New findings from Juniper Research reveal that the annual production of self-driving cars will reach 14.5 million in 2025, up significantly from only a few thousands in 2020, to give a global installed base of more than 22 million consumer vehicles by 2025.

The new research, Autonomous Vehicles & ADAS: Adoption, Regulation & Business Models 2016-2025, found that the market adoption of AV (Autonomous Vehicle) technology is set to accelerate over the next few years, driven by:

  • Increasingly stringent vehicle safety specifications;
  • Environmental pressures;
  • Rapid technological developments.

End of the Road for Taxi Drivers? 

The research found that driverless vehicles will have a disruptive impact on transportation around the world and will ultimately lead to millions of professional drivers being made redundant. Juniper predicts that city-based taxi services will be one of the key early adopters of driverless vehicles.

Research author Gareth Owen added: "The introduction of driverless cars will result in fundamental changes to the automotive world and society in general; and it is clear that the boundaries between private vehicle ownership, car sharing and rental fleets will increasingly become blurred."

However, the research warned that following the first-ever fatality in an AV vehicle, the recent Tesla S accident in Florida, the AV industry must convince the public that their vehicles are completely safe.

OEMs Accelerating AV Development 

Juniper found that a number of major OEMs including BMW, Toyota and GM are accelerating their AV development and testing programmes and now have firm plans to launch production vehicles. As a result, Juniper forecasts that driverless vehicles will start to become widespread in the 2020-2025 timeframe, although they will initially be confined to city centres or key routes due to the need for extensive V2X (Vehicle-To-Everything) infrastructure.

A complimentary whitepaper, 'On Track with Self-Driving Vehicles 2.0', is available to download from the Juniper website together with further details of the full research.

Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and industry commentary.

For further details please contact Sam Smith, Press Relations, T: +44(0)1256-830001, E: sam.smith@juniperresearch.com