BMW all set to launch their first self-driving car in 2021

Germany: The news came from the BMW headquarters based in Munich, Germany where the plan for future auto releases was rolled out in the Annual Shareholder Meeting and the plans for the launch of company’s first all-electric autonomous car was unveiled.

The company has been continuously innovating on this concept of developing cars that run on alternate fuel. During the current year, In March the company launched its Vision Vehicle, known as the BMW Vision Next 100 in Beijing. Another significant model that ruled the market was their first revolutionary electric vehicle, the BMW i8 and the company has been successfully sold 50,000 vehicles till now.

The iNext will be “our new innovation driver, with autonomous driving, digital connectivity, intelligent lightweight design, a totally new interior and ultimately bringing the next-generation of electro-mobility to the road,” said Harald Krueger, CEO of the company. The iNext will be an addition under the German car maker’s “i” sub brand, which has the i3 EV and i8 plug-in hybrid currently in the market.

Although, BMW is not the only company that is targeting this concept of autonomous technology, recently Google and Fiat Chrysler Automobiles announced their partnership for launching this technology into Chrysler Pacifica Hybrid minivans by 2017.

According to a recent report published by TechSci Research, “Global Autonomous Car Technology Market Forecast and Opportunities, 2035 – Advanced Driver Assistance System (ADAS), Semi-Autonomous, Fully-Autonomous’’. Globally, the automobile sector has been constantly evolving in terms of engine performance and design. Apart from these parameters, evolution of autonomous features in passenger cars is garnering attention of consumers across the world. The global autonomous car technology market is expected to witness a CAGR of over 10% through 2035. The market is currently dominated by ADAS segment, which is expected to maintain its dominance over the next twenty years as well. The dominance of this segment can be attributed to anticipated increase in government regulations pertaining to integration of ADAS technologies in passenger cars.

As per TechSci Research, the company is among the leading luxury car makers globally and the decision of BMW to introduce a vehicle with autonomous technology will facilitate the increase in market share of the company in the luxury car segment globally. Additionally, BMW being only the second company to enter this concept has immense opportunities to emerge as the leader in this segment globally.