Autonomous driving technology is revolutionizing the automotive industry, with advancements in machine learning, computer vision, and radar capabilities. As companies trial level 3 and 4 autonomous vehicles, the industry faces new challenges and opportunities, from safety concerns to changing business models.
Levels of Autonomy and Their Implications
There are six levels of vehicle autonomy, ranging from level 0 (no driving automation) to level 5 (full driving automation). While experts believe that reaching level 5 autonomy is still decades away, the development of levels 3 and 4 has the potential to impact drivers, pedestrians, and the industry as a whole. Increased demand for autonomous vehicles has led to a surge in the need for compatible automotive electrical parts and sensors.
Changing Business Models and Competition
Autonomous vehicles open the door for tech subscription plans and regular software updates, shifting traditional car manufacturers’ business models. This increased competition has put pressure on both traditional car manufacturers and automotive electrical parts manufacturers to adapt and innovate.
Safety Concerns and Standards
As autonomous driving technology advances, concerns over vehicle safety have grown. To increase consumer trust in autonomous vehicles, new safety standards must be implemented, particularly in areas such as lane keeping and blind spot monitoring.
Legislation and Industry Impact
Legislation, such as California’s Assembly Bill 316, which may prohibit self-driving big rigs from being tested or commercially operated on public roads without a human driver present, has the potential to put the state at odds with more enthusiastic counterparts. The Autonomous Vehicle Industry Association warns that California is putting itself in significant jeopardy by restricting the deployment of autonomous technology in the state, potentially impacting the automotive industry’s growth and innovation.