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The ADAS revenue of foreign Tier 1 suppliers declines amid the pandemic
The outbreak of COVID-19 has led to the declining demand for automobiles and the temporary suspension of production in the automobile industry. In this case, the overall revenue of most Tier1 suppliers has fallen sharply as they have difficulties in business development.
For example, more than 40% of Continental s 249 production bases around the world decided in April 2020 to temporarily suspend production for several days or several weeks in order to protect employees and respond to lower demand.
Tier 1 suppliers actively promote the mass implementation of L2 autonomous driving, and L3 autonomous driving enters the market
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This Automotive High-precision Positioning Research Report, 2020-2021 highlights characteristics, industry dynamics and market size of different high-precision positioning technologies (based on signals, environmental features, inertial navigation, etc.), their application in automated driving (passenger cars, low-speed autonomous vehicles, special vehicles, etc.), OEM high-precision positioning solutions, and solution providers with different technology roadmaps.
2020 C-V2X Cross-Industry & Large-scale Pilot Plugfest s introduction of HD map/high-precision positioning technology indicates the significance of high-precision positioning to autonomous driving, especially highly automated driving that requires 0cm positioning positioning
The promising high-precision positioning market attracts quite a few new entrants.