There is no question that the automotive industry is facing some significant challenges. The industry has seen significant disruptions in the last few years, and is now trying to adapt. Those changes will involve reworking existing processes and operations to make them more efficient. According to a study by AlixPartners, the automotive industry will invest $430 billion in autonomous vehicles over the next five years. Companies that are in the business of making cars will need to reskill workers and collaborate with new vendors.
Driverless cars, solar-powered cars, and connected smart cars are just a few of the new innovations in the automotive industry. Researchers are striving to develop the latest technologies that will make driving a more comfortable and safe experience for both passengers and drivers. In addition, driverless cars will save on transportation costs and provide a safer alternative to human drivers. The future of driving will be full autonomy, and we will be surrounded by these revolutionary innovations.
Despite the many advantages of autonomous driving, the current state of the art technology has limitations. These systems will be much more expensive, but if they work well, it will drastically reduce traffic congestion. Additionally, IoT-transmitted semi-autonomous cars will make decisions on the fly, reducing the load on the driver. However, a few companies are already testing self-driving cars, and they use ultrasound, lasers, and radar to identify obstacles and pedestrians.