Chinese driving recorder market continues to heat up and develops rapidly. An estimate shows that the driving recorder sales volume in China will reach about 14 million units in 2016 and 35 million units in 2020.
Automotive seating saw an ASP of USD723 in 2010 with a market size of USD54 billion. The figures for 2015 were USD790 and USD70.1 billion. It is expected the market size will be valued at USD72.9 billion in 2016, and USD84.3 billion in 2020.
It is expected that during 2016-2020 China’s lithium battery equipment market will grow at an average annual rate of 33%, to RMB54.4 billion till 2020, which would be mainly propelled by the rapid growth of lithium battery.
New sectors like parking data operation and Internet parking services will bring about new markets of RMB10 billion+. Smart parking industry enjoys a potential market of at least RMB100 billion, indicating broad prospects for development.
There is still a long way to go to achieve autonomous driving on complicated urban roads. However, mature technologies and solutions are available for autonomous driving in a relatively closed environment or on fixed routes.