Overview of Driverless Cars

The driverless car is said to be one of the chief innovations of the 21st century. It has revolutionized the transport industry, and is expected to create a significant impact on daily lives of numerous people in the coming years.

In recent times, vehicles have become increasingly autonomous and connected as compared to the vehicles a decade ago. Number of projects, initiatives, and investments are being done and significant amount of progress is made in the field of connected, automated, and autonomous vehicles. Some of the recent examples include Google and Tesla driverless cars. In addition to these giants, several other vehicle manufacturers such as including Nissan, BMW, Toyota, and others have shown keen interest in driverless cars.

Driverless Cars

Technological advancements have played a pivotal role in the growth of driverless cars market in a number of ways. Some of the technologies impacting include sensors used for data storage and analyzing the geographical and traffic data as well as processes such as data mining, predictive algorithm helping to surpass the ability of simple data collection and artificial intelligence that can be utilized for the process of autonomous driving with the help of collected information, which is making vehicles substantially intelligent.

Driverless cars offer several advantages that significantly impacts daily transport

  • They will make driving easier, enabling people to be productive and offer increased mobility to users compared to the current scenario. In addition, high road safety, less vehicle emissions, and easy relieve from traffic congestion are some of the added benefits.
  • Technological advancements, such as Internet of Things (IoT), in the automotive industry have fueled the development of driverless cars. For instance, some of the recent vehicles feature adaptive cruise control, lane keeping technologies enabling automated acceleration control, braking, and steering on highways and roads with congested traffic. In addition, technologies such as advanced emergency braking systems activate auto braking to help passengers or driver avoid a fatal collision. Moreover, integration of self-parking systems allows vehicles to parallel or reverse park hands free.
  • The hybrid nature of autonomous vehicles enables the driver can choose whether they want to use the autonomous mode or not. Autonomous mode allows the vehicle to take full control of driving while the driver can make use of the journey time in other ways.

Driverless Cars

Journey Map of Autonomous Driving:

Year Strategies
2011 • European R&D autonomous transport project
2013 • Nissan Autonomous vehicle test in Japan
2014 • French launch of Project Scoop@F, a co-operative intelligent transport system (ITS) pilot project that aims to connect around 3,000 vehicles with 2,000 km of roads.
2015 • Google demonstrated its first autonomous car prototype on public roads

• Tesla launched its automatic pilot

• Implementation of M-City, a 13-hectre artificial mock city for testing driverless cars

2016 • Alliance: Renault-Nissan/Microsoft

• Alliance: Fiat Chrysler Automobiles/Google Alliance

• Launch of the HONGQI HQ3 car in Asia jointly developed by the University of Defense and the FaW group

2017

 

• RATP, STIF, and the city of Paris test autonomous inter-station shuttle

• IBM files patent for a cognitive system enabling switch between driving and autonomous modes

• IBM, Intel, and Mobileye collaborated to test 40 (autonomous vehicles) AV models

2018 • Peugeot Société Anonyme (PSA) proposed autonomous vehicle
2020 • Renault-Nissan to launch autonomous vehicles

• Toyota to test its autonomous car at the Tokyo Olympic games

• Audi and Nvidia collaboration to launch its autonomous car

2021 • Ford announced mass autonomous vehicles production

 

According to a recent report published by Allied Market Research

Autonomous Vehicle Market by Level of Automation (Level 3, Level 4, and Level 5), Component (Hardware, Software, and Service), and Application (Civil, Robo Taxi, Self-driving Bus, Ride Share, Self-driving Truck, and Ride Hail): Global Opportunity Analysis and Industry Forecast, 2019–2026

North America is expected to account for the highest revenue in the global market throughout the forecast period, followed by Asia-Pacific, Europe, and LAMEA. However, Europe is expected to grow at a higher growth rate in the near future.

Autonomous vehicles use less battery capacity and consume less gas, which reduce pollution. In addition, development in automotive sector, rise in demand for luxury cars, and government regulation toward building smart cities contribute the market growth. However, high cost of driverless cars and increase in threat from hackers in driving operation impede the growth of the market. On the contrary, rise in investment for smart cars and favorable government regulations toward building smart cities are expected to create lucrative opportunities for the key players operating in the autonomous vehicle market.

Access full summary of this report at: https://www.alliedmarketresearch.com/autonomous-vehicle-market