These trends will shape the future of the automobile industry
With the rise of technologies like AI/ML, robotics, and IoT, the automobile industry has seen significant changes in the last few years. Here are some of the trends that will dominate in the future.
With the advancement of technologies like artificial intelligence (AI), robotics, and Internet of Things (IoT), the automobile industry has made some significant leaps towards growth and development.
The utopian image of the future – with cars that run on eco-friendly fuel and can drive themselves – isn’t too far away now. Four major trends that are shaping the future of the automobile industry are clubbed together under the acronym C.A.S.E. The acronym stands for Connected, Autonomous, Shared and Electric.
Let us discuss how these trends will shape the future of the automobile industry, and how we drive.
One of the major trends shaping the future of automobile sector is internet connectivity in cars. These cars can communicate with other devices — inside and outside the car — that are also connected to the internet.
A connected car can accomplish a myriad of tasks. Its sat-nav system can warn you about traffic holdups and suggest alternate routes; you can remotely start your car engine to melt the frost on the windows before you enter the car; you can remotely lock and unlock the car as well. Some car apps even provide car parking services, which can help you park in a tight spot or a narrow garage. People inside and around the car can connect to its WiFi hotspot and enjoy internet access.
One such example of connectivity is the emergence of smart tablets that can connect to your smartphone via a WiFi hotspot and double as a head unit. They allow you to use your smartphone remotely with ultimate ease without having to shift your focus from the road. With the recent voice command upgrades like the Alexa upgrade, these technologies are going to make the driving experience more seamless than it ever has been.
In the near future, the connectivity would expand further beyond and the cars would be able to communicate with each other. By connecting with lasers, cameras and radars, these cars will be able to create a 3D map of the surroundings.
This will eventually lead to self-driving cars. This point brings us to the second trend – autonomous driving.
As good drivers as we believe us to be, let’s face it – we’re humans – and by definition, we’re prone to making mistakes. This is why a lot of R&D is being dedicated to manufacturing autonomous cars. As this technology keeps on evolving, we’ll see more and more autonomous cars on the streets.
3D-LiDAR technology taking us to new heights
Currently, we are at Level 2 of automation, where the cars use millimetre wave radar and cameras to detect obstacles for driving assistance. But the accuracy of these systems largely depends upon the inclement weather and the attributes of the objects that are to be avoided.
To overcome these lacunae and move to Level 3 of automation, 3D-LiDAR technology is being developed by the leading automobile companies. The LiDAR system emits its own laser light and maps the surroundings according to the input car-mounted sensors receive from the reflected light. This makes it a superior choice as LiDAR systems work well in situations where cameras fail – such as at night.
Earlier, with 2D-LiDAR, we were able to only detect the depth of a single beam but by implementing its digital signal processing technologies in digital tuners, we can enable unique processing to achieve high precision and stability. This makes the LiDAR technology weather independent and enables the detection of glossy black objects, which isn’t possible with conventional LiDARs.
In a survey conducted by Assurant, 66 percent of respondents said that the best thing about the future that will have autonomous vehicles, which will provide service on-demand, would be the savings as they wouldn’t have to invest substantial money into owning a car.
Many shared car services have already sprung up and are on the rise. Many more will emerge in the near future. These service providers will own the fleets which would be hired by the people as per their needs.
Fossil fuels aren’t good for the environment — not to mention the ever-increasing prices that put a lot of pressure on the pocket. With e-vehicles, we’ll finally see an end to this problem. During the early phase of development, range anxiety (the anxiety about the car running out of battery before reaching the destination) was a major issue.
But with the invention of more powerful batteries and a growing number of charging stations, this issue has been resolved as well. The e-vehicle market is expected to grow at a robust CAGR of 43.13 percent from 2019 to 2030, which, in itself, says enough.
C.A.S.E isn’t just a jargon in a presentation anymore – it has become a reality. It is shaping the future of the automobile industry and making the transport safer, convenient and greener.
(Edited by Saheli Sen Gupta)
(Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the views of YourStory.)
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