Following the electrification of the automotive industry, intelligence has become another historic opportunity. The application of technology has continuously enriched the functional attributes and application scenarios of automobiles, and cars with the characteristics of universal computing platforms and entertainment and leisure services have become the third mobile space. Autonomous driving technology can liberate drivers from tedious driving operations, meet the needs of the above trends, and become the core link of automotive intelligence.
Autonomous driving technology has become a new variable in the development of the automobile industry, and OEMs, travel platforms and technology companies have rushed to the beach for autonomous driving tracks. From the perspective of the actual commercialization process, the automatic driving landing scheme is constantly improving, the trillion-level market space is opening, and "bicycle intelligence + vehicle-road collaboration" has become a new trend of development.
01. The full-stack solution has better performance and stronger controllability, and the one-stop solution forms a closed loop of operation and the moat is deeper
Autonomous driving encompasses a wide range of solutions. Non-full-stack solutions mainly provide services for individual technologies or products; full-stack solutions need to master all the core and most critical technologies in the field of automatic driving, form a closed loop from the level of data acquisition, underlying computing power, software and hardware development, etc., to achieve the integrated development of vehicle end, road end and cloud integration, with better performance and stronger controllability. In addition to the technical advantages of the full-stack solution, the one-stop solution can also provide front-end, middle-end and back-end integrated operation services, build a one-stop ecosystem, and create a deeper moat.
Illustration: One-stop solution for autonomous driving
02. There are many market participants in the autonomous driving industry, and full-stack solution providers have stronger market competitiveness
The autonomous driving industry mainly includes communication equipment manufacturers, traditional car companies, new car-making forces, Internet/technology companies, bicycle intelligence companies, full-stack capability companies and other market players. The current market competition pattern is undecided, but there are already head enterprises, and the differences between the echelons of different business routes are becoming more and more obvious, and the one-stop solution provider has stronger market competitiveness.
Illustration: Major market players in the autonomous driving industry
03. Autonomous driving is favored by capital, and capital is concentrated in head projects
In 2021, the investment in the mainland's autonomous driving industry is relatively hot, and core hardware such as vehicles, autonomous driving solutions, chips and radars, and Robotaxi have become popular tracks. The effect of industry two eight is obvious, and the head enterprises continue to receive capital support.
Figure: Major financing events in the field of autonomous driving from January 2021 to January 2022 (in order of enterprise valuation)
04. The autonomous driving industry in mainland China is developing rapidly, and the future city-level intelligent transportation market has a broad space
Driven by policies, technology, market demand and capital, the mainland autonomous driving industry has developed rapidly, and scene application and commercialization have become the key focus of autonomous driving suppliers. In the future, city-level intelligent transportation will connect transportation participants, carriers, infrastructure and operating environments, and realize a full-link integrated transportation service and decision-making system based on strong computing, full perception and full integration, which will have a broader market space than a single landing scenario.
With the continuous improvement of the intelligent layout of the car end, road end and cloud, as well as the increase in the penetration rate of automatic driving and the formation of the market mechanism, coupled with the increasing maturity of the industrial chain, it is expected that the scale of China's intelligent transportation market will reach 10.6 trillion yuan in 2030.
Figure: 2020-2030 China's intelligent transportation market size forecast (unit: 100 million yuan)
The present report examines the following key issues:
What is the current state of the autonomous driving industry? What stage of development is the whole in?
What are the pain points of the development of the autonomous driving industry? What are the key competitive factors?
What are the main market players in the autonomous driving industry?
Which segments of the autonomous driving industry are favored by capital? What are some players with high growth potential to watch?
How is the commercial application of autonomous driving in different scenarios (logistics and ports, Robotaxi, smart transportation)?
What will be the development trend of the autonomous driving industry in the future?
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