The Autonomous Future
The global autonomous vehicle market is expected to reach $556,67 billion by 2026. It will depend on following parameters,
The self-driving cars of the future are expected to generate 2 Petabytes of data each, per year, that’s 2 million GB.
With servers and computing resources in edge computing, autonomous vehicles can access all the data they need with minimal latency, which improves decision-making.
Improved Data Management
10 million self-driving cars will be hitting the road soon. Just think of the amount of data to be generated if all vehicles become autonomous.
Vehicle-to-everything or V2X enables data from all the sensors and other sources to travel via high-bandwidth, high-reliability, and low-latency to allow fully autonomous driving.
The concept of smart cities includes connected devices. This will provide self-driving cars with all the required information to make more efficient decisions.
Lack of Regulation
There are no countries with active regulations that allow production-ready autonomous vehicles to operate legally.
The pace of tech development is faster than expected.
The End of Car Ownership, Ride sharing and self-driving vehicles will redefine our relationship with cars.
Share of autonomous miles traveled [US]
� 9% (500 BN miles) 2030
� 50% 2040
↘️ traffic congestion
↘️ vehicle emissions
↗️ Road safety
Overall economic benefit $850B annually [US only].
Autonomous Vehicles have the potential to disrupt our future mobility behavior and to cannibalize many of the miles people travel each day.
Electric and self-driving vehicles will alter the automotive landscape forever — it’s only a question of how soon.
Data Driven Mobility
Automakers have a choice Become data companies or become irrelevant.
� 1.2 Bn vehicles in operation globally
� >23 Tn miles traveled per year
� 2020 everybody will create ~1.7 MB of data per second
� 2030 vehicle data could generate value of $750 Bn
Automotive 2030 Racing toward a digital future. The automotive industry has operated for 100 years on one business model design, produce, sell, and service vehicles But radical change is coming. The speed of customer adoption and market ramp-up according to unique regulations, economics.
Car-generated data may become a $450 – $750 billion market by 2030.
What makes a car company premium today may not be enough tomorrow Perceived value of a car.
~60% software and content
Smart car security
The automotive industry is undergoing an evolution towards connected and autonomous vehicles. Increasingly smart cars include added features that enhance users’ experience or improve smart car security.
However, if not properly secured, such features can also be leveraged by hackers, and lead to cyber attacks that can result in vehicle immobilization, road accidents, financial losses, disclosure of sensitive data and even endanger road users’ safety.
Previous attacks on smart cars helped raise automotive industry awareness of the security needs and led to the development of several cyber security regulations and initiatives aimed at ensuring secure vehicles.