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"Autonomous vehicle technologies are still in the early stages of development, but several disruptions are expected in the next five years," said Frost & Sullivan Mobility Research Analyst Anirudh Venkitaraman. "OEMs moving toward autonomous driving are currently focusing on building a trifocal camera in sensor fusion with other cameras and radars."
Despite the rapid advances in technology, legislations often delay the market introduction of ADAS technologies. The high costs of the systems also limit the application of ADAS to higher-end vehicles. However, as sensors and algorithms become more widely available, costs are expected to reduce. Currently, legislators across North America and Europe are actively working on introducing favorable regulations.
"Autonomous technologies will transform the market from a product-centric one to a service-driven one," noted Venkitaraman. "There is a strong need to look beyond traditional sales models and adopt strong leasing and shared mobility offerings to enter the market, as the timing of market entry and access to user base are critical for market success."
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Insight on North American OEM ADAS Sensor Strategies
Corporate Communications – North America
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SOURCE Frost & Sullivan