Recommended Market Research Reports News

Audi AID and Luminar Enter into Collaboration

Luminar announced its partnership with Autonomous Intelligent Driving (AID), a subsidiary of Audi to launch self-driving cars by 2021

Germany: Audi AID announced its collaboration with lidar maker, Luminar, to provide forward-facing high fidelity & long-range LiDAR technology and accelerate plans towards AID’s first fully autonomous deployments in 2021. AID is the self-driving technology supplier for the Volkswagen group, including Audi, Porsche and VW. AID uses proprietary software and deep machine learning-based approaches and has already started testing its fleet in Munich with Luminar sensors.

CTO of AID stated “The aim of the company is to work with the best brands within the industry to accelerate the vision that will be realized across the entire VW Group.

Perception remains a bottleneck today for autonomous mobility and the company quickly worked to find the most powerful sensors to make the perception task easier. That’s where Luminar comes in as the technology is clearly above the pack in terms of range and density, which is important for solving the most challenging problems in autonomy.”

CEO of Luminar further added that “AID is an ideal partner for Luminar with the backing and resources of the world’s largest OEM, while maintaining a fresh software-minded spirit of a high-growth startup. Together, our teams are able to achieve rapid development with an agile, hands-on approach - combining hardware and software expertise to enable autonomous mobility service by 2021. According to TechSci Research, the partnership between Luminar and AID will assist in the development of autonomous mobility technologies. The procurement will provide AID unit of the Audi with forward-facing lidar hardware, which will be used to improve the system's navigation capabilities.”

According to the recently published report by TechSci Research, Global Semi & Fully Autonomous Vehicle Market, By Automation Level (Level 0, Level 1 & Others), By Component (Embedded Systems, Cameras & Others), By Vehicle Type, By Region, Competition Forecast & Opportunities, 2016–2030”, the global semi & fully autonomous vehicle market is projected to exhibit a CAGR of over 21% to reach $ 64 billion by 2030. Growing focus of automotive OEMs on enhancing safety features and increasing government support for developing driverless vehicles are the major factors anticipated to aid the growth of global semi & fully autonomous vehicle market during the forecast period. Moreover, foray of technology giants such as Google and Intel, among others, in autonomous vehicle market, is further encouraging adoption of autonomous vehicles, thereby positively influencing the global semi & fully autonomous vehicle market.

According to another TechSci Research report, Europe Semi & Fully Autonomous Vehicle Market, By Automation Level (L0, L1, L2, L3 & L4/L5), By Component (Embedded System, Camera, etc.), By Vehicle Type (Passenger Car & Commercial Vehicle), By Country, Competition Forecast & Opportunities, 2016-2030”, Europe semi & fully autonomous vehicle market stood at $ 1.1 billion in 2016 and is projected to reach $ 16 billion by 2030. Anticipated growth of the market is led by growing government support for developing driverless vehicles to ensure safe driving. Moreover, over the last few years, automobile manufacturers have been constantly focusing on enhancing the safety features in the vehicles, which is further anticipated to positively influence Europe semi & fully autonomous vehicle market in the coming years. Additionally, growing interests of technology giants such as Google, Intel, etc., is encouraging companies worldwide to focus on the concept of autonomous vehicles. Furthermore, increasing research & development in self-driving concept is anticipated to fuel growth in the market in the coming years.

According to the recently published report by TechSci Research, Global Autonomous Car Technology Market, Forecast and Opportunities, 2035”, the global autonomous car technology market is currently dominated by ADAS segment, which is expected to maintain its dominance over the next decade as well. The dominance of this segment can be attributed to anticipated increase in government regulations pertaining to integration of ADAS technologies in passenger cars. Region-wise, North America has emerged as the largest contributor in the market for autonomous car technology, followed by Europe, Asia-Pacific (APAC) and Middle East North Africa (MENA).

Get news at --> bit.ly/2GQxv6O  

News From

TechSci ResearchTechSci Research
Category: Market Research Publishers and RetailersCompany about: TechSci Research is a research based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a ...
This email address is being protected from spambots. You need JavaScript enabled to view it.