Autonomous driving is booming: falling costs and higher security!

Autonomous driving is booming: falling costs and higher security!

What's going on in the realm of autonomous vehicles? The industry is booming and has established itself as a hot plaster. According to the latest forecasts of Goldman Sachs , the market for autonomous vehicles (AVS) will reach a CAGR of over 13.5% 2023 consolidated $ 2 trillion. Increasing popularity and progress in technology are driving the growth of this fascinating industry.

A look at the current offers shows that companies such as Waymo have made milestone -like progress. They have covered more than 25 million kilometers on public roads and present impressive security statistics. According to a study carried out by Waymo and Swiss Re, the Waymo self -driving vehicles have generated less insurance claims in relation to property damage and personal injury compared to human drivers ( nbc bay area ).

security statistics and traffic thinking

The data are promising, but some analysts take a skeptical look at the comparability of these safety statistics. Waymos self -driving cars have been involved in 241 accidents in the past six years, but the question of validity compared to human driving behavior remains. After all, these vehicles covered only a fraction of the total annual mileage of over 3 trillion miles that are driven by people in the United States. Nevertheless, Waymo remains the only provider of robot taxis in California, which has passed from tests to a business model, while others like cruise were taken out of the race due to regulatory challenges.

With a view to the future, it turns out that the trend towards robotaxis and the spread of autonomous technologies is unstoppable. The sales of autonomous vehicles will serve mainly or completely commercial applications over the next 3 to 5 years, while users could begin to prefer robot taxis instead of cars. Here you should keep in mind that the operating costs of a personal vehicle in the USA are more than $ 1 per mile, while rideshaare costs are already over $ 2 per mile and decline more users with falling AV costs instead of renting one.

cost pressure and technological progress

The costs for autonomous vehicles could indeed drop dramatically. Forecasts show that the depreciation of 35 cents per mile could fall to 15 cents in 2040 in 2025. The insurance costs could also be reduced from 50 cents to around 23 cents during this period. These savings are a crucial factor that increases interest in the purchase of an autonomous vehicle. Companies are required to make their services more efficient, and that could mean that an operator can manage up to 35 vehicles at the same time - an impressive increase compared to currently only 3.

Exciting developments also take place in the area of ​​cooperation. Mobileye and Daimler Truck launched a joint venture to research Level 4 truck technologies. Governments all over the world also invest in the development of autonomous vehicles and create test zones to further promote this innovative segment. Legal framework is also continuously adapted to ensure the safe use of autonomous vehicles.

The demand for autonomous driving and its advantages, such as minimizing accidents and optimizing driving behavior through real -time data, are clear drivers for market growth. More and more people are ready to accept the advantages of these technologies and to invest in more intelligent mobility solutions in the future. The combo pressure on the established car manufacturers and new companies is high, and it remains to be seen who will ultimately prevail.

Overall, it turns out that autonomous vehicles have the potential to fundamentally change our handling of mobility. Will we all soon have our own AV in the garage or will the Robotaxi become a new scale? The next few years will show where the journey is going.