Navigant Research Report Finds Annual Sales of Highly Automated Commercial Vehicles Are Not Expected to Exceed 1% until 2028
BOULDER, Colo.--(BUSINESS WIRE)--May 8, 2019--A new report from Navigant Research analyzes the state of the automated medium and heavy duty commercial vehicle market, providing global market forecasts, segmented by vehicle class and region, through 2030.
Advanced driver assistance systems (ADAS) and automated driving systems (ADS) for commercial vehicles have been gaining market attention for several years. While growth of ADS is expected to be rapid once the technology is fully developed, volumes will remain low over the next decade. Click to tweet: According to a new report from @NavigantRSRCH, annual sales of highly automated commercial vehicles are not expected to exceed 1% until 2028.
“Automated technologies can provide many benefits for the commercial vehicle sector, but challenges such as advancing technological abilities, overreliance on partially automated systems, regulatory environments, and public perception will all need to be managed moving forward,” says William Drier, research analyst at Navigant Research.
According to the report, once challenges are overcome, the most substantial benefit from ADAS is the potential safety increases it can provide through features such as automatic emergency braking, lane departure warning, and lane keeping assist. There is also the potential for fuel efficiency gains through platooning in the heavy duty long-haul truck sector. Additionally, higher levels of automation could eventually reduce labor costs by replacing some of the labor, while providing downward price pressure on the demand for labor in the rest of the market.
The report, Automated Commercial Vehicles, analyzes the state of the automated medium and heavy duty commercial vehicle market. The study provides an overview of the new and established key players operating in the market. Global market forecasts, segmented by vehicle class and region, extend through 2030. The report also explores the potential opportunities for growth and development, as well as the challenges to market expansion of ADAS and ADS. An Executive Summary of the report is available for free download on the Navigant Research website.
About Navigant Research
Navigant Research, the dedicated research arm of Navigant, provides market research and benchmarking services for rapidly changing and often highly regulated industries. In the energy sector, Navigant Research focuses on in-depth analysis and reporting about global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research and demand assessment, and deep examination of technology trends to provide a comprehensive view of clean, intelligent, mobile, and distributed energy. Additional information about Navigant Research can be found at www.navigantresearch.com.
Navigant Consulting, Inc. is a specialized, global professional services firm that helps clients take control of their future. Navigant’s professionals apply deep industry knowledge, substantive technical expertise, and an enterprising approach to help clients build, manage and/or protect their business interests. With a focus on markets and clients facing transformational change and significant regulatory or legal pressures, the Firm primarily serves clients in the healthcare, energy and financial services industries. Across a range of advisory, consulting, outsourcing, and technology/analytics services, Navigant’s practitioners bring sharp insight that pinpoints opportunities and delivers powerful results. More information about Navigant can be found at navigant.com.
* The information contained in this press release concerning the report, Automated Commercial Vehicles, is a summary and reflects Navigant Research’s current expectations based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Navigant Research nor Navigant undertakes any obligation to update any of the information contained in this press release or the report.
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CONTACT: Lindsay Funicello-Paul
KEYWORD: UNITED STATES NORTH AMERICA COLORADO
INDUSTRY KEYWORD: ENERGY OTHER ENERGY TECHNOLOGY OTHER TECHNOLOGY TRANSPORT OTHER TRANSPORT MANUFACTURING AUTOMOTIVE MANUFACTURING AUTOMOTIVE GENERAL AUTOMOTIVE
SOURCE: Navigant Research
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PUB: 05/08/2019 05:15 AM/DISC: 05/08/2019 05:15 AM