The market for private automobile ownership is likely headed for disruption. What are the technologies required for a future of shared, autonomous and connected vehicles?
"I believe in the horse! The automobile is only a temporary phenomenon."
Every revolution begins with a great deal of skepticism. It was the last German Emperor Wilhelm II who uttered the words above around the year 1900 ‐ and while the man is rightfully to blame for many historic misjudgments, we might just forgive him for this one.
A NEW REVOLUTION BEGINS
Today, humankind is at the brink of another revolution: the revolution of AD – of automated driving. It won't happen overnight, with a big bang. It will come in small steps, a revolution through evolution. At first, intelligent on‐board technology will support drivers more and more. Next, vehicles will learn to communicate with each other – and ultimately to take over control, if the driver so wishes.
The era of the autonomous vehicle is here. According to industry estimates, by 2020, the autonomous vehicle market will be worth US$87 billion. Furthermore, by 2040, it is predicted that four out of every 10 vehicles on the road will be autonomous.
Autonomous vehicles will open up new opportunities and create an impetus for innovation for organisations from across a wide range of industries.
Today's economies are dramatically changing, triggered by development in emerging markets, the accelerated rise of new technologies, sustainability policies, and changing consumer preferences around ownership. Digitisation and new business models have revolutionised other industries, and automotive will be no exception. For the automotive sector, these forces are giving rise to four disruptive technology‐driven trends: diverse mobility, autonomous driving, electrification, and connectivity.
The Autonomous Cars/Driverless Cars Market demand is expected to reach 138,089 units by 2024. This growth is attributed to the need to curb the rising number of accidents caused particularly due to human error. According to the International Organization for Road Accident Prevention, more than 90% of road accidents across the globe are caused primarily due to human errors. National Highway Traffic Safety Association (NHTSA) estimated that the adoption of autonomous vehicles, also known as driverless vehicles, in the U.S. alone could save more than 69 lives every year. The need for ubiquitous connectivity calls for the rapid deployment of the product over the next seven years. The proliferation of Advanced Driver Assistance Systems (ADAS) in new automobiles, particularly in the U.S., Germany, and the UK, is also anticipated to significantly spur the demand over the forecast period.
Attendees at the 2nd TaaS Technology conference will hear industry-leading insiders deliver more than 40 presentations discussing the key topics.
The TaaS Technology event will also include a co-located conference ‘Energising Future Mobility’ dedicated to covering the key topics of the Electric Vehicles (EVs), Energy/Battery Technology and Infrastructure industries.
The conference will provide delegates with an up-to-date overview of the status of the CAV and TaaS industry, and provide them with many opportunities to meet other key players within this community.
Together, these talks will detail breakthroughs in processing, connecting and mapping; offer insights into the current status and the evolution of sensor technologies and safety/security requirements; provide details of advances in tools and software that will help to drive forward the CAV industry; look at the legislation and insurance changes that could well be required; look at the logistics and supply chain industry in a mobility future which includes CAVs; look at how city planning and infrastructure changes will be required - as well as look at the usability and HMI issues; and finally we will explore how the technology will allow us to accelerate to a TaaS future and the impact of this on future society and industry.