DUBLIN--(BUSINESS WIRE)--Sep 6, 2018--The "ADAS and Autonomous Driving Industry Chain Report 2018 (V) - Low-speed Autonomous Vehicle" report has been added to ResearchAndMarkets.com's offering.

Beginning with driverless delivery vehicles, the Chinese low-speed autonomous vehicle market will expand rapidly, hitting an estimated RMB3.3 billion conservatively by 2023.

The low-speed autonomous vehicle is defined in the report as the autonomous cars that run at below 30km/h on fixed routes or in enclosed areas.

It's too early for existing autonomous driving technology to enable autonomous driving on complex urban roads. But there are more mature technologies and solutions for low-speed autonomous driving in relatively enclosed areas or on fixed routes. Some enterprises like Navya have put it into commercial application. Navya has produced more than 100 driverless minibuses- AUTONOM SHUTTLE and sold them to more than 16 countries.

Despite a late starter, China boasts a huge market for low-speed autonomous vehicles. Meanwhile, Chinese users are more receptive to new things. These factors will make the Chinese market develop faster than foreign ones.

As China is home to the world's largest E-commerce market and most convenient express delivery network as well as the rapidly rising labor costs, the driverless delivery vehicle market will be a tipping point of the Chinese low-speed autonomous driving market. Dozens of companies have made a foray into unmanned delivery under different scenarios, including hospital, campus, express delivery and meal delivery service. The report here focuses on only outdoor autonomous delivery enterprises.

The driverless agricultural machinery market, the most active segment in driverless working vehicle field, has attracted more than a dozen businesses.

Key Topics Covered:

1 Low-speed Autonomous Driving Industry

2 Low-speed Autonomous Driving Market

3 Foreign Companies in Low-speed Autonomous Driving

4 Chinese Companies in Low-speed Autonomous Driving

5 Driverless Delivery Vehicle Market and Manufacturers

6 Driverless Working Vehicle Market and Manufacturers

Companies Mentioned

2getthere Aisimba Auro Robotics Auto X BestMile COWAROBOT Cainiao DeepBlue Technology e.GO Mobile Easy Mile Einride FALCON Gaussian Robotics HiGo Automotive i-Tage Technology IDRIVERPLUS Komatsu Local Motors MAGRIDE Marble May Mobility Meituan Navibook Navya Neolix Nuro.ai ohmio Oxbotica Pudu Tech SB Drive SUNING Starship TARDEC UISEE UniStrong Volvo Zoominbot For more information about this report visit https://www.researchandmarkets.com/research/rsjbwv/china_lowspeed?w=4

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SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 09/06/2018 04:13 AM/DISC: 09/06/2018 04:13 AM

http://www.businesswire.com/news/home/20180906005328/en