Skip to main content

Taxi sector to lead self-driving market by 2025, say researchers

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 vehicl
November 24, 2016 Read time: 2 mins
New findings from 7194 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; and Rapid technological developments.

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.

Juniper found that a number of major OEMs including 1731 BMW, 1686 Toyota and 1959 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.

Related Content

  • December 2, 2016
    Cars reinvented: huge new opportunities and dangers, says IDTechEx
    The new IDTechEx report, Electric Car Technology and Forecasts 2017-2027 finds that the biggest change in cars for one hundred years is now starting. It is driven by totally new requirements and capabilities. They will cause huge new businesses to appear but some giants currently making cars and their parts will spectacularly go bankrupt. Cities will ban private cars but encourage cars as autonomous taxis and rental vehicles. Already 65 per cent of cars in China are bought by businesses. The Japanese wa
  • November 21, 2013
    Autonomous vehicles, the pros and cons
    Driver interface and human factors could provide the biggest obstacles to autonomous vehicles as Jon Masters discovers.
  • June 15, 2016
    Vehicle intelligence systems market ‘worth US$20.11 billion’
    The latest research by MarketsandMarkets, Vehicle Intelligence Systems Market by Road Scene Understanding, Advanced Driver Assistance & Monitoring, predicts that the global market for vehicle intelligence systems will grow at a CAGR of 12.24%, from US$11.29 Billion in 2016 to US$20.11 Billion by 2021. Given the increasingly stringent safety norms, automotive OEMs are focusing on enhancing the safety of vehicles. To ensure the safety of the driver, passengers, and pedestrians, the vehicle needs to be inte
  • August 18, 2016
    Highly automated driving ‘to spark adoption of centralised ADAS’
    As vehicles become highly independent and begin to drive and react to traffic on their own, autonomous systems will aggregate and process data from a variety of on-board sensors and connected infrastructure, says ABI Research. This forces the industry to hit a hard reset on advanced driver assistance systems (ADAS) architectures, currently dominated by distributed processing and smart sensors. Automotive OEMs will need to adopt new platforms based on powerful, centralised processors and high-speed low la