It is no secret that self-driving vehicles are years behind their mass deployment as its not just technology that needs relentless work. Public and private stakeholders, public transport operators, ridesharing companies, and government must work together to streamline the testing and deployment of autonomous.
What is the reality of driverless cars?
Although most of the major companies in the market are successfully testing their cars, most of the companies keep humans present in the vehicles in case of emergency. The reason is clear; it is not ready for commercial application. However, experts believe that in the next five years, the reality would change for autonomous vehicles and people would see shuttles or semi-public transportation. Apart from numerous technological limitations, safety is the most pressing issue for driverless cars.
Recent happenings in the market
Massachusetts Institute of Technology (MIT) researchers developed a system¬–that was backed by Toyota Research Institute¬– that detects minutes changes in shadows to avoid obstacles. The technology would be used by not only self-driving cars but also in robots that require to navigate shared spaces with humans. The system uses standard optical cameras and it monitors changes in the intensity of light using computer vision techniques to differentiate between moving and stationary objects. For now, the experiment is limited within indoor lighting conditions, and the team has a lot of work cut out for themselves to adapt the technology to higher-speed movement and outdoor lighting conditions.
Google and its Waymo spinoff are without a doubt the leaders in the autonomous vehicles industry. Google’s fleet is significantly larger than any other company and they recently announced the launch of actual autonomous rides, which is a remarkable step forward in the market. On the other hand, the company Argo AI also made its mark with its recent partnership with Volkswagen. Argo AI is an independent company that started in 2017 and made $1 billion investment from Ford Motor Company.
While fully completely autonomous vehicles won’t be seen roaming the roads in the next years, companies such as Waymo, GM Cruise, and Argo AI would make significant advancements in the self-driving industry. In fact, with the innovations in IoT and artificial intelligence at hand, driverless technology is bound to improve.
Deploying an autonomous vehicle is a shared dream for tech giants such as Uber, Google, Tesla, Amazon, and other uncountable startups. The factors such as lowing fuel resources, an increase in CO2 emission and surge in traffic congestion drive the demand for autonomous vehicles. According to recent research, the global autonomous vehicle market is projected to reach $556.67 billion by 2026. The recent hike in investments, improvement in R&D, and increase in collaborations of major market players and startups would be the driving factors for the rapid market growth. For instance, recently, MIT researchers proved to use shadows to aid autonomous vehicles to see turning points of roads. On the other hand, innovations in Internet of Things (IoT) have made automation testing a less tedious process.