Arthur D. Little predicts autonomous vehicle market trends in latest Autonomous Driving Magazine | ADL Press Release

Arthur D. Little predicts autonomous vehicle market trends in latest Autonomous Driving Magazine | ADL Press Release

Arthur D. Little (ADL) publishes the fourth issue of Autonomous Driving Magazine, which examines the latest trends in autonomous vehicles and the future of the autonomous driving market.

In addition to current industry trends, the report also covers:
・The world-renowned robot taxi
・Hong Kong autonomous driving market overview
・Interview with Prof. Omaimah Bamasag, Deputy Director of Transportation Empowerment in the Kingdom of Saudi Arabia

The autonomous vehicle market is still in its infancy, and like other industries, it is slowing due to the COVID-19 pandemic and semiconductor shortages. We’re trying to go as far as possible. The booming global electric vehicle (EV) market is also helping to boost the adoption of autonomous vehicles in the coming years.

An interesting aspect of the autonomous driving market is that startups in this space often go public through special purpose acquisition companies (SPACs) rather than traditional IPOs. While many of these companies face vulnerabilities and business sustainability challenges in a difficult market environment, the focus of major automakers on EV innovation is creating more traction for the autonomous driving market. Expectations for the potential of self-driving cars are also rising among startups.

Regarding the prospect of driverless taxis, ADL predicts that by 2027, there will be “urban driverless taxis” that can operate in various areas of the city even under extreme weather conditions. In addition, by 2030, it is possible to realize a “robot taxi that can run around” that can drive in places that are not on the map or on undeveloped roads.

ADL’s analysis of the Hong Kong autonomous driving market highlights how to successfully align key factors such as strategy, regulation, stakeholder integration, infrastructure and technology to position Hong Kong as a leader in the autonomous driving ecosystem. Clarifying whether there is Professor Omaimah Bamasag also outlined Saudi Arabia’s ambitious goals in terms of adoption of autonomous driving, including major initiatives to utilize autonomous vehicles such as Project Neom and Project Red Sea in the Saudi economy.

Joseph Salem, Partner in ADL’s Travel and Transport practice, commented: “While the global development of autonomous driving solutions is still at an experimental stage, industry players are clearly looking for technological and business model innovations to enable value-creating use cases.” The report With a realistic overview of the key considerations and challenges facing today’s autonomous driving market, as well as recent developments and industry directions, we look forward to hearing from you.”

The full text can be downloaded at https://tinyurl.com/24cr7dxj.

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