Jan 4, 2019

STATE OF THE AUTONOMOUS VEHICLES INDUSTRY

Self-driving cars present vast business opportunities: A recent report from Strategy Analytics projects that The Passenger Economy represents a $7 trillion opportunity globally in 2050. The report states that business use of mobility-as-a-service will generate $3 trillion in revenues, and new emerging applications and services will account for $203 billion in revenues. Realizing this revolution in transportation depends on the development of smart engineering solutions. And teleoperation—a technology and service platform that enables remote driving assistance—is a critical piece in getting autonomous vehicles on the road faster and more safely.

Benefits of autonomy
According to Strategy Analytics, benefits for the era of The Passenger Economy from 2035 to 2045 include:

  • Conservatively, 585,000 lives can be saved due to pilotless vehicles.
  • Pilotless vehicles will free more than 250 million hours of consumers’ commuting time per year in the most congested cities in the world.
  • Reductions in public safety costs related to traffic accidents will amount to more than $234 billion.

Challenges getting to Level 5
The National Highway Traffic Safety Administration (NHTSA) has prioritized helping the industry grow, but autonomous vehicles are not yet ready for the complexity of operation on all roads, in all conditions. And battles between some state governments and the federal government may further impede progress.

Currently, some states have passed legislation requiring ride-along or remote teleoperators, as well as allowing testing autonomous vehicles on public roads. Remote teleoperators can take over operation of the vehicle when needed—such as when a failure in the on-board autonomy system fails, during adverse weather conditions or road construction—but solving the communication latency and maximizing the security of the connection between teleoperator and vehicle are critical.

Functional safety is paramount
The standard ISO 26262 “Road vehicles – Functional safety” is considered a best practice framework for achieving automotive functional safety, and particularly addresses the automotive development cycle. At Designated Driver, our engineering team will always be comprised of Certified Functional Safety Experts, and we have embedded those safety standards into our product development process from day one. With our leadership’s deep background in the automotive industry, we have a firm grasp of what it takes to ensure a sufficient and acceptable level of safety for road vehicles. So, we are equipped to help our customers deliver a safe solution to support their vehicles.

Learn more about how Designated Driver is helping the autonomous vehicle industry race forward, with our Safety First approach to teleoperation services.