The global aircraft manufacturing market will grow at an annual rate of 9.5% to 2021, according to a new report from The Business Research Company. Driving the market is the increasing use of drones together with the rising demand for turboprops.

Note: The following is an excerpt from the white paper "Will Self-Driving Vehicles Be a Reality by 2025?" by BIS Research, a global market intelligence, research, and advisory company that focuses on emerging technology trends that are likely to disrupt the market. The excerpt is a section titled "What Is Driving the Trend for Self-Driving Cars?" 

According to a recent market intelligence report from BIS Research, the automotive intelligent lighting market was valued at $9.40 billion in 2017 and is expected to reach $15.08 billion by 2023, growing at a CAGR of 8.44% during the forecast period from 2018 to 2023.

Lack of visibility and transparency are considered some of the biggest challenges in the supply chain industry, at times causing disruptions and inventory imbalance.  These issues largely stem from an inability to store and make sense of the overwhelming amount of data scattered across different processes, sources, and systems.

The automotive aftermarket — the secondary market for vehicle parts used in repair and maintenance — encompasses everything from brake parts to filters to batteries. Automotive aftermarket companies include General Motors, Bosch, Standard Motor Products, Denso, Federal-Mogul, and CARDONE Industries, among others.

The transportation industry is a vast ecosystem which covers everything related to the major modes of transport, namely, road, rail, marine, and air transport. This industry includes goods as well as passenger transport.

The automotive industry has witnessed a drastic evolution post 2016 with many important advancements in technology. The old-fashioned four-wheeled cars, which were earlier equipped with basic features, have transformed into connected cars with advanced features such as cloud computing, big data, and the Internet of Things (IoT), among others.

According to a new market research report by BIS Research titled Global Automotive Regenerative Braking System Market - Analysis and Forecast: 2017–2026, the global regenerative braking system (RBS) market is expected to reach a value of $24.52 billion by 2026.

In its US Freight Transportation Forecast publication, the American Trucking Association (ATA) has estimated that freight transport in the US will grow to 20.73 billion tons by 2028, a growth of 36.6% from that of 2017 numbers (15.18 billion tons).

Self-driving cars represent the next generation of personal vehicles. Self-driving cars with artificial intelligence are starting to be used in 2017 and will gain more use in 2018.

By 2021, all the new personal vehicles being sold will have autonomous capability, which has the potential to increase performance and safety dramatically.