About L2 and L2+ Autonomous Driving
L2 (Partial Automation) autonomy is the place the auto is capable to take full control, and manage acceleration, braking and guidance at the equal time. This degree is regularly referred to as 'hands-off' autonomy, seeing that the driver would not want to do very a whole lot work. Level 2+ (Advanced Partial Automation) commercials in encompass grasp and AI to enhance the security and comfort of human-driven vehicles. While the driver is nonetheless accountable for the car, the platform can operate computerized maneuvers for an extra seamless riding ride — such as making dual carriageway entrances and exits, lane modifications and merges. Level 2+ additionally consists of smart cockpit services, such as driver monitoring, AI copilot science the use of voice and gesture recognition, and superior in-cabin visualization of the vehicle’s perception.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global L2 and L2+ Autonomous Driving market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Tesla (United States), Cadillac (United States), ZF (Germany), Toyota (Japan), Lexus (Japan), Bosch (Germany), Continental (Germany), Baidu (China), Waymo (United States) and Magna International (Canada) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are NVIDIA (United States) and Quanergy Systems (United States).
Segmentation Overview
AMA Research has segmented the market of Global L2 and L2+ Autonomous Driving market by Type (L2 Autonomous and L2+ Autonomous) and Region.
On the basis of geography, the market of L2 and L2+ Autonomous Driving has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
If we see Market by , the sub-segment i.e. will boost the L2 and L2+ Autonomous Driving market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.Market Growth Drivers:
Increasing Awareness about Vehicle Safety Ratings and Decreasing Component Costs Due To Extensive Application of Cameras and Radars
Challenges:
Lack of Industry Standardization
Restraints:
Lack of Required Infrastructure in Emerging Countries
Opportunities:
Rising Developments in Autonomous Shared Mobility
Market Leaders and their expansionary development strategies
In 2021 ZF launched its next-generation mid-range radar to assist superior ADAS features and decorate the on hand ZF coASSIST semi-automated device on the Dongfeng Aeolus Yixuan MAX in China. ZF’s mid-range radar is a high-performance 77GHz the front radar designed to meet 2022+ Euro NCAP 5-Star Safety Ratings and allow semi-automated using functions.
In 2021 Robert Bosch (China) Investment Ltd., developed a computerized valet parking with Hycan Automobile Technology. This technological know-how will be hooked up in Hycan Z03. When the driver prompts the automatic valet parking characteristic on the smartphone, the automobile will mechanically power to the parking lot as commanded and park at the destinated area via precisely figuring out the route whilst fending off obstacles. The automatic valet parking technological know-how is classified beneath Level-4 independent driving.
Key Target Audience
L2and L2+ Autonomous Driving Provider, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.