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Lux Research: Toyota, Daimler, Honda leading auto OEMs for self-driving cars; innovative business models key

Although every major automotive company has announced plans for a car with self-driving capabilities, only five carmakers—Daimler, Honda, Hyundai, Toyota and Volvo—earn a positive take in Lux Research’s analysis of OEMs’ autonomous vehicle efforts.

In an emerging scenario of few significant technical differentiations and near-ubiquitous systems capabilities, Lux Research evaluated 12 carmakers and offered a “positive” rating based on three key criteria: demonstrated capability, investment and partnerships.

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At the end of the day, the company with the best business plan will win the race toward autonomy. Few companies will have a significant technology advantage, so winners will need to capitalize on novel business models from car sharing and ride sharing to monetizing their own data.

—Kevin See, Lux Research Director and author of the report

Lux Research evaluated 12 carmakers developing autonomous cars and gave each company a “Lux Take,” based on criteria including strategy, roadmaps, partnerships and investments. Among their findings:

  • A few key players have shown significant progress compared to their peers—Daimler Trucks compared to the rest of the trucking market and Tesla, BMW, Daimler Mercedes-Benz, and Toyota, which have all showcased significant technical advancements over their direct competition in the market.

  • The rise of autonomous cars confronts carmakers with the challenge of retaining recurring revenues that could otherwise accrue to software makers and car dealers, besides monetizing their own data streams. They need to consider new business models as users shift to shared ownership, and consider comfort and ease of transportation over the driving experience.

  • The future lies in mobility services. Automotive companies aspiring to become “mobility providers”—earning money from services like ride-sharing rather than simply sales of cars—are the most likely to succeed in this rapidly changing marketplace.

The report, titled “Determining Who’s in the Fastlane for Autonomous Vehicles: A Comparison of Automotive OEM Plans for Driverless Cars,” is part of the Lux Research Autonomous Systems 2.0 Intelligence service.

Comments

Account Deleted

Another paid endorsement. The leader is obviously Tesla. Second is perhaps Volvo and Nissan. Benz is not hopeless but Toyota and Honda are the industry laggards in this regard and their pour sense of judgement with regard to spending on FCV should trigger some much needed management changes which is not going to happen in Toyota's case because of large family ownership.

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