PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1133569
PUBLISHER: Frost & Sullivan | PRODUCT CODE: 1133569
Adoption of L2 and above ADAS and Autonomous Features Will Create New Growth Opportunities for Start-ups
Companies have been developing advanced driver assistance systems (ADAS) and autonomous driving (AD) technologies continuously with the widespread adoption of Level 2 and above autonomies in markets like North America, Europe, China, and parts of Asia-Pacific. With the transition from ADAS to AD, technology companies, OEMs, and Tier suppliers must prepare with hardware, software, and technology capabilities that will enable this evolution.
OEMs are continuously looking for partnerships with start-ups in the autonomous vehicle (AV) space to develop hardware and software capabilities. AV start-ups, in contrast, attract huge funding from venture capitalists, value chain partners, and OEMs as the push for the commercialization of Level 2 and above autonomies intensifies.
The scope of this study covers start-up companies in the ADAS and AD space under the following key segments: ADAS/AD software; ADAS/AD hardware; development, localization, and validation software; LiDAR; camera and vision systems; radar; and autonomous vehicles. Frost & Sullivan short listed more than 175 companies in global regions and evaluated them based on several parameters, such as regional impact, global market presence, business scalability, portfolio strength, funding, and investments, and then ranked them on a scale of 10. Profiles of the leading 3 companies under each segment are provided.