Autonomous Vehicles Whitepaper

[The following is an excerpt of the whitepaper]

It is rare for a new technology to have as many opportunities and disruption potential as autonomous vehicles will have over the next three decades. New market opportunities worth trillions of dollars are forecast to emerge across multiple transportation segments. Billions of dollars are now invested yearly by high-tech companies, startups, auto manufacturers, their supply chains and many other companies—with much more to come.

To give perspective on this emerging and innovative technology, the following table summarizes the key potential impact of autonomous driving. L4 autonomous vehicles can drive in specific areas that are usually defined by geographic boundaries on preprogrammed fixed routes such as local bus routes, campus routes and similar trips—usually at low speeds.

Once autonomous vehicle technology is mature enough to deploy, there will be multiple advantages, most significantly lower crash rates and fewer lives lost. Autonomous vehicle (AV) driving software will not be distracted like most human drivers are on a regular basis—especially with the growing use of smartphones. AV driving software will also track all nearby objects and will have faster reaction time than humans. These factors will eventually make self-driving software a superior driver. It is interesting that Google's Waymo division uses the slogan "building a better driver."

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