Transparency
Market Research Added A New Report "Driverless
Cab Service Market". Driverless vehicle also known as
autonomous cars has now become a reality. The technology of
driverless car is presently being tested on roads by technology
corporations in order to have a first mover advantage. Most of the
autonomous vehicle present in the market are considered partially or
highly automated that may require some form of human intervention. An
autonomous vehicle is embedded with an advance computational system,
Global Positioning System (GPS), sensors and monitoring system to
recognize any dynamic conditions on the road. The GPS embedded in the
cars uses array of technology including cameras and radars to detect
the variables that surround the vehicle. The radar provides a clear
picture of the area up to a limited distance during harsh climatic
condition such as rain, snow or during any other vision impairing
situations. Moreover, the laser system continuously scan the
surrounding and provide the monitoring system with a
three-dimensional, omni-directional view of the road ahead. Advance
sensors are also the integral part of this system. These sensors
provide raw information about the nearby surrounding, precisely the
information may be about the position of other vehicles such as their
navigation course, speed, distance which help in smooth navigation of
the vehicle. The monitoring equipment and advance computational
system are also equipped with technology in order to process the
input from GPS and other sensors and utilize it for taking corrective
actions such as accelerating, steering or applying breaks wherever
necessary.
Automated vehicle
technology is expected to get largely implemented in cab service
market in coming years. The driverless/automated cab service is
expected to drastically reduce the number of accidents per year and
would eventually lead to cost savings in terms of healthcare
spending. The technology is expected to further improve the
prevailing traffic condition and congestions in the cities. Advance
GPS system used in the automated technology will help passenger to
follow short route to reach their destination henceforth reducing the
journey time. Car theft is another major issue that could be limited
by the driverless technology, since these cars would be self-aware
about the prevailing situation. The driverless cab service fare
charges would be less as compared to current cab services since the
labor cost can be eliminated which would eventually decrease the
burden on end-users. The automated technology is also expected to get
implemented in public transportation including buses.
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Report Copy :
The driverless cab
service market is driven by technological revolution, growing need to
solve various problems related to traffic, parking space and demand
for a hassle free and easy commutation. However resistance from
certain section of society including cab drivers whose source of
income is driving may display restrains that might hinder the market
growth. Acceptance of new technology by developing countries may be
doubtful that can also lead to possible hindrance in the growth of
the market. Regardless of these restraints the driverless cab service
market portrays immense opportunities that may range from embedding
autonomous advance features in the car to manufacturing electric
driverless cab service for the customers.
Key players in the
market are nuTonomy Asia, Uber Technologies Inc., Google Inc. QNX
Software Systems Ltd, Mercedes-Benz, BMW Automobiles and Tesla
Motors.
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