How Will Driverless Vehicles Change the Automotive Industry?
The future of transport is largely driven by autonomous vehicles, but the automobile industry has a unique international character. Companies are typically divided according to their “home country” and the country where they actually produce and add value. These differences are of significant importance when it comes to the development of driverless vehicles, but it’s important to understand that the automotive industry is global and has many regional players. Some German manufacturers have important production capacity in other countries, while their suppliers have built production plants in the United States.
Initially, on-highway trucks will be the first vehicles to feature full technology on public roads. The development of software algorithms will likely take many years, and companies already have prototypes. In the longer term, autonomous commercial fleets will include parcel delivery vehicles and drones, as multiple players have begun testing these technologies. Premium incumbents will likely take an incremental approach to AVs, introducing advanced driver-assist systems one at a time.
With the development of driverless technologies, the automotive industry is poised to reap the benefits of artificial intelligence. Today’s partially automated cars have driverless features that make driving easier and safer. Collision detection, auto-braking, and parking features have all been popular additions to new vehicles, and these technologies have already changed the way we commute to work. By the time self-driving cars are available on the road, the automotive industry will be much more efficient and profitable than ever before.