Continuous innovations and rising patent filings in adaptive cruise control, vehicle anti-collision radars, obstacle detection radar-lidar, and AR/VR (Augmented Reality/Virtual Reality) instrument clusters have been the primary drivers of the advancement of autonomous driving systems. To run these advanced driving features, autonomous vehicle (AV) computer system hardware is required.
As a result, the AV computer system hardware fitment market in the Asia-Pacific (APAC) region is projected to register a compound annual growth rate (CAGR) of 9.7 percent over 2024-29, according to GlobalData, a leading data and analytics company.
GlobalData’s latest report, “Sector Innovation Report: Autonomous Driving Systems – Q2 2024” reveals that the AV computer system hardware fitment market in APAC is estimated at 21.6 million units in 2024 and is forecast to reach 34.5 million units by 2029.
Gorantala Sravan Kumar, Associate Project Manager, Automotive at GlobalData, comments: “APAC has become a hub for innovation in the automotive industry, particularly in the realm of technology. Firms are investing significantly in research and development (R&D) to improve vehicle safety, efficiency, and comfort.
Analysis using the GlobalData’s TechForesight tool reveals a notable increase in patents for autonomous driving technologies. These patents encompass a variety of features, such as advanced driver-assistance systems (ADAS), intelligent navigation, and vehicle-to-vehicle communication.”
Utilizing Artificial Intelligence (AI) and machine learning, companies are creating vehicles capable of autonomous operation. Adaptive cruise control is increasingly popular among consumers of mid-range and luxury vehicles. To appeal to the growing affluent market in countries like Japan, South Korea, China, and India, automakers are incorporating Level 1 and Level 2 autonomous features, including adaptive cruise control, collision avoidance, blind spot detection, and pedestrian detection.
Key innovators in APAC have become leaders in autonomous driving technology with their commitment to R&D demonstrated by their numerous patents. Baidu from China, for example, filed patents for technologies such as neural task planner for autonomous vehicles and real-time object behavior prediction.
Similarly, Aptiv has filed patents for the advanced autonomous features, such as detecting road anomalies and trajectory prediction for precomputed or dynamically generated bank of trajectories. APAC countries are also investing in digital infrastructure, including 5G networks, essential for high-speed vehicle communication.
Sravan Kumar concludes: “APAC is leading a technological revolution in the automotive sector, with companies like Baidu and Aptiv at the helm. Their innovations in autonomous driving systems are redefining the driving experience and enhancing road safety and efficiency. These features require the fitment of advanced hardware in the vehicles, which is expected to drive the AV computer system hardware fitment market.”
