What is 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.
|Unit||Value (USD Million)|
|Key Companies Profiled||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)|
The market study is broken down by Type (L2 Autonomous and L2+ Autonomous) and major geographies with country level break-up.
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. Analysts at AMA Research estimates that Vendors from United States will contribute to the maximum growth of Global L2 and L2+ Autonomous Driving market throughout the predicted 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).
AdvanceMarketAnalytics has segmented the market of Global L2 and L2+ Autonomous Driving market by Type, Application 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.
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. and 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.
- Increasing Awareness about Vehicle Safety Ratings
- Decreasing Component Costs Due To Extensive Application of Cameras and Radars
- Rising Developments in Autonomous Shared Mobility
- Lack of Required Infrastructure in Emerging Countries
- Lack of Industry Standardization
Key Target AudienceL2and L2+ Autonomous Driving Provider, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others
About ApproachTo 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 the 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 purpose to understand companys positioning regarding 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 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
Frequently Asked Questions (FAQ):
1. What all players are profiled in the study?
The standard version of the report profiles players such as 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) etc.
2. Can we have customized study for L2 and L2+ Autonomous Driving Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. What would be the Market Size of L2 and L2+ Autonomous Driving Market by 2027?
Analysts at AMA estimates L2 and L2+ Autonomous Driving Market to reach USD Million by 2027.