According to a recent research report, the global demand Autonomous Car Market Volume and share are expected to reach $64.88 billion by 2026 from $23.33 billion in 2020, with a compound annual growth rate (CAGR) of 22.7% over the forecast period from 2021 to 2026”
This report highlights:
A self-driving car is one that can sense its surroundings and drive itself without the help of humans. The human passenger is not required to take control of the vehicle at any time, nor is it necessary to be in the vehicle at all. A self-driving car can go anywhere a regular car can go and perform any task a skilled human driver can do. Autonomous vehicles now allow non-drivers and those with disabilities to travel independently. They allow travelers to travel with greater luxury and flexibility, allowing them to read, rest or even work while on the road, increasing efficiency. Radar, sonar, lidar, GPS, and inertial estimation are some of the sensors that cars use to determine their current position without the help of anyone else. Sophisticated control frameworks decode tangible data, such as roadblocks and basic signage, to determine appropriate path paths. The autonomous car will transform the automotive industry.
Market leaders to watch
Companies at the forefront include:
Alphabet / Waymo Headquartered in Mountain View, California, Waymo is a developer of self-driving technology designed to provide on-demand ride services that make it convenient for people and things to move. The company’s services use integrated sensors and artificial intelligence to detect pedestrians, cyclists, vehicles and roadworks, allowing users to have a safe and enjoyable on-demand travel experience in autonomous vehicles. The company has more than 2,000 employees and has recently injected significant capital that has raised $2.5 billion towards the continued advancement of its self-driving technology. According to investor website PitchBook, the company is valued at just over $30 billion. Waymo is now a subsidiary of Alphabet Inc, the parent company of Google.
Amazon Amazon has acquired Zoox, an American self-driving car company headquartered in California. The six-year-old startup is redefining mobility as a service by developing a fully autonomous, purpose-built fleet built for AI to drive and enjoy humans — and more than $1 billion has been invested in Zoox. Amazon has also invested in other self-driving startups like Aurora and Embark, which points to their vision of last-mile delivery robots and sidewalk robots to transport small packages to customers’ homes.
Artificial intelligence is broken Headquartered in Ann Arbor, Michigan, USA, it is the developer of an autonomous logistics robot designed to provide safe and scalable freight delivery in urban areas. The company’s robot can navigate using camera sensors, operate in traditional car and bike lanes and pick up goods from places such as: restaurants, pharmacies and grocery stores, enabling businesses to simplify and improve mobility and delivery. The company is privately owned and recently received $4.2 million in Series A funding and has 33 employees based on Pitchbook data.
active Formerly known as one of the world’s largest car suppliers, Delphi also acquired Boston-based self-driving car startup NuTonomy, a few years ago. Delphi is a subsidiary of General Motors based in the United Kingdom and is working on making the market lead to markets such as Singapore. They have a very ambitious plan to reduce the cost of self-driving cars, hardware and software costs of between $75,000 and $150,000, something that prevents widespread adoption of the technology by consumers and they have a plan by 2025, self-driving costs will drop to about $5,000 due to technological developments and size (top). Purchases. Let’s see what happens – but Aptiv is definitely worth a follow. The company is also publicly traded – label symbol APTV,
AutoX Headquartered in San Jose, California, AutoX is a project-backed company, developer and manufacturer of autonomous vehicles based on autonomous driving technology intended to handle challenging and dynamic traffic scenarios in urban cities around the world. The company uses artificial intelligence, cameras and other low-cost sensors to provide safe, reliable and affordable autonomous connectivity, enabling users to respond quickly and make autonomous driving decisions as well as make their daily lives more convenient. The company has more than 120 employees.
Optimus Raid Headquartered in Boston, the company is a developer of autonomous driving technology systems designed to enable efficient, sustainable, and equitable mobility networks for geo-fenced environments. The company’s technology combines advances in complex sensor fusion, mapping, computer vision and machine learning, allowing customers to use transportation from merchant vessel operations to transportation options. The company is privately owned, backed by projects, and has more than 180 employees.
Asia – Cars without a driver
I would be remiss if I didn’t highlight the driverless Asian manufacturers as well, and mention: Baidu which is clearly the leader, with others like: WeRide and AutoX plus Didi. Baidu operates the largest AV test fleet in China, with nearly 200 vehicles, and has partnerships with more than 100 third parties, including automakers, through its Apollo programme.
United Kingdom – Driverless cars
Although the UK is not yet a leader in self-driving cars, there are a number of companies moving forward in the sector, including: Flourish, Five.ai, Jaguar, Oxbotica, StreetDrone, Wayve and Zenzic. It is worth noting that the UK government wants to be at the forefront of introducing autonomous driving technology and by 2035 the Department for Transport expects around 40% of new cars in the UK to be self-driving, creating up to 38,000 new skilled jobs. Special Note: The UK government announced in April 2021 that it would regulate the use of self-driving vehicles at slow speeds on motorways, with the first such vehicles likely to appear on public roads as soon as this year. This was a major development in the development of self-driving cars becoming more common. Britain’s Department of Transport is working to update its country’s motorway code for the safe use of autonomous vehicle systems, starting with Automatic Lane Keeping Systems (ALKS), which use sensors and software to keep cars within a lane, allowing them to accelerate and brake without a driver. Enter.
Driverless Cars – A Value Perspective
There are many reasons why autonomous vehicles can promote effective safety as long as we can get the engineering and ethical structures right – one of the biggest challenges we face, in terms of who to save or not to save? Supporting self-driving cars, cutting-edge AI and intelligence monitoring software, intelligent camera systems, and just imagine the cybersecurity risks of penetration across an entire automotive network – the development of continuous self-audit and human monitoring systems will be key to enhancing safety and the industry’s systems.
McKinsey and Company reports that self-driving cars will reduce car accidents by up to 90%, prevent up to $190 billion in damage and health costs annually, and save thousands of lives. Self-driving cars are programmed to comply with all traffic laws. Self-driving phones never distract while driving, nor do they drive drunk or sleep. Self-driving cars are excellent at detecting and avoiding obstacles and have stronger visual acuity than the human eye on bad roads. Autonomous cars have a 360-degree view of their surroundings and can process far more information than any human. Self-driving cars have the ability to prevent 90% of collisions, saving about 30,000 lives a year in the United States. These are all excellent reasons to continue moving forward – wisely.
My next article in Forbes magazine will focus on the ethical aspects of self-driving cars. In the meantime, as a director of the board of directors, or as a CEO, where you have vehicles involved in your business model, particularly in the transportation and logistics industry, getting involved in early projects to learn about these fast-emerging areas will be a significant development in your life. business models. Even investing in these emerging players unlocks huge returns for your future growth and success. Every large transportation and logistics company should have an investment arm to make investments in AI, machine learning, and specific use cases that involve intellectual property and revenue generation potential. Always thinking ahead is the key to your growth and success – and long-term viability.