Does Autonomous Vehicle Business Have A Chance For Survival?

Ad Blocker Detected

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker.

  Autonomous vehicles business is still a mystery to most of us. Not only is understanding how they work a mystery but also they are a hard reality to swallow. Automated cars are not the same as autonomous cars. Most of the normal cars that we drive are automated and what that means is that vehicles have been built with systems that aid us in either warning us or alerting us on things like speed, fuel level, engine status and the like but these systems have no control over the vehicle. Therefore, an automated car is not necessarily an autonomous car. What exactly are autonomous cars?

Autonomous cars are self-driving cars that do not need human input to move them except for advising on the desired destination. A few decades ago such vehicles were a mere imagination, but technology has enabled this to become a reality. This is one of the major disruptions in technology in this decade. These cars are able to feel the environment around them with the assistance of a combination of tools like sensors, radar, cameras and Artificial Intelligence. This means you can sit in such a vehicle without doing anything at all and you’re guaranteed to arrive at your destination safely and timely.

Do these types of vehicle have a future? Well, the answer to this question is not direct and it will be influenced by so many factors. Let’s find out what the future holds for this mind-blowing tech innovation.

Most of the major automobile companies have invested heavily in this field to find out the possible outcomes. Some of the major companies that are making tremendous progress in this field are Google, BMW, Tesla, Mercedes Benz and Ford. Some of these companies have released some autonomous cars, and they have proved to be safer compared to what we use nowadays. Statistics show that the driverless vehicles are better in comparison to the human-operated vehicles in terms of safety. Autonomous vehicles have covered more miles with a lesser percentile of accidents. They are said to have a lower rate of passenger injury. The fact that most don’t have an engine, the front part absorbs most of the impact which is advantageous to the passenger.

Autonomous vehicles will affect nearly all aspects of our lives. They are predicted to be so reliable that it scares some people. The innovation is still new, but it has surpassed automobiles that manufacturers have taken decades to manufacture. Some of the available new and available semi-autonomous vehicles are faster than the sports cars that we are used to. For example, Tesla has designed a car that can clock 0-100 mph in 3.2 seconds. This is among their first, but it is even better than some of the world’s best sports cars.

Another aspect that these vehicles are likely to solve is making traveling cheap. The older automobile manufactures had an unattractive thought of line whereby part of the business includes making hefty profits from selling fuel to their very same clients. Autonomous cars are more inclined to the use of electricity in running the vehicles rather than oil products. This aspect will greatly reduce the cost of travel if it becomes a reality. Tesla is already implementing some of these things, and the outcomes are amazing. Avoiding the use of flammable fuels also adds to the safety of autonomous cars. This is because in case of a car crash there won’t be worries whether the car will blow up unlike in the old model cars where they are viewed as a petrol bomb on wheels.

This is also a great opportunity for investors who believe in this reality. There are so many factors that will be required to realize this innovation. More job opportunities will be created since this innovation demands massive input. Some of the fields that will play a key role in this changeover are Artificial Intelligence, programming, sensing, logistics automation and a massive demand for user application.

Despite the public resistance, experts in the field are still pushing to achieve. This is because there is clearly a need for drivers, and not just drivers, but experienced drivers we can trust. The proof of this is how people have appreciated innovations like Uber. A decade ago Uber could have been thought of as a fantasy.

This technology will disrupt many fields including marketing and advertising. We might see companies paying some of these autonomous vehicle manufacturers to slow down vehicles where they have put up adverts that the passengers on board can relate to. The same way the internet uses cookies to bring up the most relevant adverts, the same might be realized when this changeover finally happens.

Governments are optimistic about this because this could potentially mean that there will be reduced ownership of cars. This, in turn, will result in reduced need for parking space. This will also see fewer resources be directed towards the traffic department. If these vehicles meet the safety standards, a need for insurance will be scraped off too. In addition to that, these autonomous vehicles will also do a lot of good to the environment since most of them are characterized by silent engines and their mode of operation does not combust anything. Carbon emissions will be greatly reduced favoring the environment.

Final thoughts

Autonomous vehicles do have a future. The real question should be, when are they arriving? Autonomous vehicle predictions, state that in less than a decade most automobile vendors will be manufacturing fully autonomous vehicles. This will be one of the 21st century’s biggest leap in technology. We will get to experience the smartest and most experienced drivers with more to offer in terms of perfection. This innovation helps realize increased productivity because we will be allowed to have more time to focus on other things other than just driving and focusing on the road. This will affect so many other factors that are still unpredictable. I can’t wait.