The impact of autonomous vehicles – part 1

Continuous innovations and advancements in communication technologies, as well as digital technologies coupled with price reduction of sensors, are constantly enhancing the level of automation in our day- to-day lives. Autonomous vehicles (AV), also known as self-driving, driverless, or robotic vehicles, are those in which some aspect of vehicle control is automated by the car. With technological advancements in external sensing, path planning, vehicle control, and more, innovations in autonomous and highly automated vehicle development are increasingly finding their way into consumer vehicles in the form of active safety, driver assistance systems, and limited automated driving features. Innovations in AV may fundamentally transform how the current transportation system works and change the way (and probably change our lives) in terms of how we travel. As is the case in all disruptions, AVs will bring slowdown and present new opportunities in the form of new business models.