info@marketresearchfuture.com   📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)

Autonomous Driving Technology Trends in 2023

By Sejal Akre , 02 March, 2023

In the global auto industry, autonomous driving comes first, following the acronym of ACES (Autonomous, Connected, Electrification, Shared). Still, it is supposed to trail behind other megatrends when it comes to market adoption.

The Indian company Tata Technology has worked on an autonomous car project for the global technology company and expects it to become mainstream by 2023. But it did not happen as of yet. Warren Harris, CEO and MD of Tata Technologies, says, "Even if Cruise and Waymo have autonomous taxis in San Francisco, we are an awful long way apart."

The main reason behind autonomous driving becoming mainstream is "just cost." Harris thinks the inflection point for the technology's adoption is up to 7 years away. Advanced Driver Assistance Systems (ADAS), the initial level of autonomous driving technology, are making inroads. According to the data, model variants like MG Astor, Hyundai Tucson, and Mahindra XUV leverage technology to differentiate themselves from the competition.

As per the reports, tata technologies is to add ADAS solutions to its portfolio up to Level 3 of autonomous driving capabilities. Tata's engineers are doing the 'pilot work’ on Level 4, and the highest Level 5 is the highest where the car drives independently.

The survey report reveals that the USD 473.5 million engineering and technology service provider witnesses a more robust business flow of digital engineering, mainly for EVs. It is expected to grow from 3,000 to 4,000 in the next year. Also, 2023 will be the record year for semi and fully autonomous cars and vehicles. The technological growth will add to the sophisticated ADAS and self-driving algorithms, as per the data.

CES 2023 Automotive Announcements Trends

CES 2023 Automotive Announcements Trend

Latest News

CES 2023 Automotive Announcements Trend
Tablet Shipments Declined Over The Decade Expects To Rise In 2024

There is a growing demand for smartphones in the era of artificial intelligence. The technology-driven market prioritizes smartphones and personal computers (PCs) over tablets. It is due to consumers' convenience to reach out to smaller or larger…

Read More

CES 2023 Automotive Announcements Trend
Amazon Is The Largest Investor On Renewable Energy For 2024

The renewable energy industry is gaining momentum due to the transition of clean energy worldwide. The nations globally aim to achieve net zero emissions by the end of 2050. In the United States, the targets of clean energy transition are to be…

Read More

CES 2023 Automotive Announcements Trend
China Shuts Door To Battery Production In 2024

The growing concerns over climate change in 2024 are increasing the demand for rechargeable batteries. There has been a surge in lithium-ion batteries since the beginning of 2024. Several studies have developed a substitute for lithium-ion batteries…

Read More

CES 2023 Automotive Announcements Trend
Investments And Fundings Into Clean Energy Sector Supports The Transformation

The clean energy transition is gaining momentum due to nations' active interest in climate change issues. In 2024, significant breakthroughs in the green energy transformation research and development sector are commendable. Transition in the…

Read More

CES 2023 Automotive Announcements Trend
Artificial Intelligence Stands As A Challenge For Clean Energy Transition

Artificial intelligence is reigning over every sector of the economy in the era of technology. It has set up its era rather than being a part of technology only. Recent developments in artificial intelligence make it very important from the…

Read More

Author Pic
Sejal Akre

Senior Research Analyst