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The road to autonomous cars: technology, ecosystem, and market review 

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Michele Richichi
Autonomy Principal Analyst,

S&P Global

Released on October 05, 2023

Researching Autonomy at model level detail, jumping on the data we will see a few clear and insightful trends emerging:

• Even as Level 0 ADAS is becoming increasingly standard, not only due to regulation (e.g. GSR in EU) but also because the competition becomes much more fierce in the industry, L2 and L2+ automation will surpass 50% market share by end of decade.

• Over that time, the average value of autonomy content per vehicle (revenues in terms of sensor hardware and application software) will triple!

• L2+ and L3 Automation will remain optional due to the high costs, but will help OEMs recoup cost od standardizing ADAS.

• L4 Autonomous hype has subsided, but remains a long term target: featuring a lot of content per vehicle (very attractive for many suppliers), a key demonstrator of the most adv tech in the market and still remains high interest for many in the industry.

• We will showcase how not only L2 and beyond, but also EV platforms are featuring a higher density of features and Autonomy sensor content: Cameras, Radar, as well as Lidar and Domain Controllers.

• The dynamic Lidar market is shifting in favour of Greater China, at least early on, while global tier-1 suppliers continue to dominate market shares in high-volume Camera and Radar.

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