Emerging Technology is generally referred to as a technology that is currently being developed, or that is expected to be within the next five to ten years, and is typically reserved for technologies that create, or are expected to create, a substantial economic or social impact. Therefore, in hopes of finding a solution that would lead to less traffic, fewer accidents and lower pollution while alleviating customers of the burden of car ownership, autonomous vehicles have emerged. Cars, once great achievements of mechanics, have now advanced into great feats of electronics, and their future is ultimately autonomous. The path to autonomous driving will transpire in three phases: automated, autonomous, and finally, driverless vehicles.
Automobiles today already include many semi-autonomous features, like assisted parking and self-braking systems, but completely autonomous vehicles are quickly becoming more of a reality. When we do achieve the driverless auto phase, the financial viewpoint for whole enterprises will experience a tremendous shift. Self-driving technology will create an immense economic benefit to consumers and leading companies. Advancements have increased with the participation of major car developers including Ford, BMW, Audi, and the involvement of major tech companies, like Google. It is predicted thatWith the constant developments in driverless technology, the era of autonomous vehicles is no longer out of reach, the future of smart cars relies heavily on the on-board technology of each car.
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These vehicles involve a broad range of technologies and infrastructures to operate properly. Autonomous vehicles drive themselves from a starting point to a predetermined destination in autopilot mode utilizing various in-vehicle technologies and sensors, that consist of radars, lasers, GPS navigation technology, active steering, adaptive cruise control and anti-lock braking systems. In order for autonomous vehicles to understand their surroundings in a dynamic driving environment, various procedures will be used, and the vehicles will be capable of acting in response to specific changes in their environment.Autonomous vehicles bring an immeasurable amount of potential to drastically revise not only the structure of cities, but the dynamics of transportation. Much like any other revolutionary technology, autonomous vehicles come with unplanned societal impacts. Some are good and some are bad.
A majority of these impacts fall somewhere in between, creating a combination of both positive and negative consequences. For example, if we look at autonomous cars from an economic standpoint, there will be no longer be a need for auto parts stores, gas stations, local mechanics or car dealers. Cities that have been built around major roadways will have to be reorganized or they will eventually vanish. On the other hand, if we view the impact from a social standpoint, people will have more time, whether they skipped breakfast and need to eat on the go or if they need to respond to e-mails while simultaneously being able consume more information by either reading a book or doing research over the internet. The use of autonomous commute will create the availability to perform other tasks and perhaps increase productivity.
Over the last decade, considerable progress has been made in automated driving systems. While the continuation of technologies and capabilities evolve toward making autonomous vehicles a reality, the expansion of driving assistance technologies devised from the self-driving cars are being utilized in traditional cars. It can be predicted that the realization of self-driving car will gradually advance from assistance driving to total self-driving. Within the next ten years, a variety of automated driving products will become commercially available due to the progress and expected advancements currently being publicized. It is projected that automated driving technology will lead to a major shift in transportation systems, mostly in consumer experience, model choices, and industry models.
This phenomenon is exemplified by the 2005 DARPA Challenge, followed by increased efforts from a slew of industrial companies and the testing of Google’s self-driving cars on public roads, which stimulated even greater investments by a number of automotive manufacturers. As self-driving cars mature, they will have a great impact socially and economically.
