A new report, Worldwide Autonomous Vehicle Forecast, 2020-2024 from the International Data Corporation (IDC) finds that vehicles with Level 1 autonomy will jump to 54.2 million in 2024 from 31.4 million in 2019, showing a compound growth rate of 11.5% over the five-year period.
(Level 1 means the driver controls most functions, but is assisted by automatic steering or accelerating, for instance. Here’s a quick refresher on the different levels of autonomous driving).
During this period, Level 0 cars—now the most common type—will decline, in favor of vehicles autonomous functionality, partly as a result of the rise of tech-enabled driver-assistance systems (ADAS) and regulation measures that account for the growth of the autonomous vehicle industry.
According to the report, “vehicles with some degree of automation (SAE Levels 1-5) will represent more than 50% of all vehicles produced by 2024.”
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