IHS Clarifies Autonomous Vehicle Sales Forecast – Expects twenty one Million Sales Globally in the Year two thousand thirty five and Almost seventy six Million Sold Globally Through 2035

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IHS Clarifies Autonomous Vehicle Sales Forecast – Expects twenty one Million Sales Globally in the Year 2035.

SOUTHFIELD, Mich.–(BUSINESS WIRE)–Correcting and substituting release dated June 7, two thousand sixteen due to numerous revisions and with clarifications from IHS on its forecast for autonomous vehicle sales.

The corrected release reads:

IHS CLARIFIES AUTONOMOUS VEHICLE SALES FORECAST – EXPECTS twenty one MILLION SALES GLOBALLY IN THE YEAR two thousand thirty five AND Almost seventy six MILLION SOLD GLOBALLY THROUGH 2035

The latest forecast from IHS Automotive calls for sales of almost twenty one million autonomous vehicles in 2035. This is a substantial increase from previous estimates, and is influenced by latest research and development by automotive OEMs, supplier and technology companies who are investing in this area. The fresh forecast is also based on a wave of latest developments and investments in this sector of the market, as well as activity within various regulatory environments. Inbetween now and 2035, IHS estimates that almost seventy six million vehicles with some level of autonomy will be sold globally.

The United States will lead the world in initial deployment and early adoption of autonomous vehicles, while Japan will at the same time ramp up industry coordination and investment ahead of the Summer Olympics in Tokyo in 2020.

“Global sales of autonomous vehicles will reach almost 600,000 units in 2025,” said Egil Juliussen, Ph.D. and director of research at IHS Automotive. “Our fresh forecast reflects a forty three percent compound annual growth rate inbetween two thousand twenty five and two thousand thirty five – a decade of substantial growth, as driverless and self-driving cars alike are more widely adopted in all key global automotive markets,” he said.

The latest analysis from business information provider IHS Automotive, part of IHS Inc. (NYSE: IHS) takes into account key factors influencing this growth. Fresh mobility solutions such as rail sharing and car sharing programs, enhancing investment in autonomy by OEMs, suppliers and technology companies alike, research and development centers underway and improved efficiencies are expected to influence the further proliferation of automotive technologies. The IHS analysis also considers unique insight into various mobility trends forming around the world.

IHS forecasts incorporate a multitude of factors, including current market development of foundational technologies and considerable R&D announcements and collaboration projects under way. These include discussions and initiatives among OEMs and their suppliers, inbetween OEMs and ridesharing companies, technology company initiatives and enhanced investment in autonomy and mobility by other entities as well.

”Future mobility will connect and combine many different modes and technologies, and autonomous vehicles will play a central role,” said Jeremy Carlson, principal analyst at IHS Automotive. “IHS expects entirely fresh vehicle segments to be created, in addition to traditional vehicles adding autonomous capabilities. Consumers build up fresh choices in individual mobility to complement mass transit, and these fresh choices will increasingly use battery electrified and other efficient means of propulsion.”

United States very first to deploy autonomy

The U.S. market is expected to see the earliest deployment of autonomous vehicles as it works through challenges posed by regulation, liability and consumer acceptance. Deployment in the U.S. will begin with several thousand autonomous vehicles sold in 2020, which will grow to almost Four.Five million vehicles sold in 2035, according to IHS Automotive forecasts. As in many other markets, a multiplicity of use cases and business models are expected to develop around consumer request for private mobility.

China leads in technology deployment volumes

IHS Automotive forecasts more than Five.7 million vehicles sold in China in two thousand thirty five will be tooled with some level of autonomy, the single largest market for the technology, according to analysts, despite a later commence. The sheer volume of vehicles expected to be sold there as well as consumer request for fresh technologies will drive growth, with more upside possible as regulators assess the potential of autonomous mobility to address safety and environmental concerns

Western European markets lead EMEA region

Major markets in Western Europe will maintain industry technology leadership through the premium segment, with a little more than three million autonomous vehicles expected to be sold in two thousand thirty five and another 1.Two million vehicles in Eastern Europe in that year. IHS Automotive also forecasts more than one million vehicles with some level of autonomy in the Middle East and Africa in 2035, with the potential for fresh and innovative business models and use cases.

Japan and South Korea driven by request for technology

In Japan and South Korea collectively, IHS Automotive forecasts indicate almost 1.Two million vehicles will be enabled with some form of autonomous driving capability in 2035. Demographics and an affinity for technology and innovative solutions help both markets, as the Japanese auto industry unites to close the gap with U.S. and European rivals and as South Korea resumes its development of world-class capabilities.

Regulatory environment, cybersecurity and software are key development influencers

The IHS Automotive analysis also indicates that continued challenges to autonomous vehicle deployment include potential technology risks for software reliability and cybersecurity, however both of these are showcasing improvements as technology evolves and the industry recognizes the threat. In addition, the implementation of local and federal guidelines and regulatory standards, as well as a legal framework for self-driving cars, proceed to prove challenging. Various states and regions have taken suitable measures to begin to develop these frameworks, while others are still crafting their treatment.

“The future fleets of driverless vehicles will provide mobility services for anyone and anything, creating arousing and fresh opportunities for the automotive industry,” said Juliussen. “Increasing competition from the high-tech and other industries is accelerating the auto industry’s autonomous software and cybersecurity development efforts,” he said. Carlson added, “Those who don’t adjust to a switching world will unluckily be left behind, or will at least face a very different industry.”

IHS Automotive, part of IHS Inc. (NYSE: IHS), offers clients the most comprehensive content and deepest expertise and insight on the automotive industry available anywhere in the world today. With the two thousand thirteen addition of Polk, IHS Automotive now provides expertise and predictive insight across the entire automotive value chain from product inception—across design and production—to the sales and marketing efforts used to maximize potential in the marketplace. No other source provides a more accomplish picture of the global automotive industry. IHS is the leading source of information, insight and analytics in critical areas that form today’s business landscape. IHS has been in business since one thousand nine hundred fifty nine and became a publicly traded company on the Fresh York Stock Exchange in 2005. Headquartered in Englewood, Colorado, USA, IHS is committed to sustainable, profitable growth and employs almost 9,000 people in thirty three countries around the world.

IHS is a registered trademark of IHS Inc. All other company and product names may be trademarks of their respective owners. © two thousand sixteen IHS Inc. All rights reserved.

Editor’s note: This news release clarifies our forecast and substitutes a version originally issued June 7, 2016.

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