Autonomous Vehicle Technology: The New Buzz Word for Cars

Published Date : Jun 28, 2016

This spring, around 20 auto manufacturers stated that autonomous energy braking systems will be installed as standard equipment in all cars. This means the standardization of the autonomous vehicle technology. Though the technology is being currently offered as an option in some of the cars, the automated braking systems utilize the same components as used by fully autonomous vehicles. With the growing focus on autonomous vehicles, it seems beneficial for auto manufacturers to introduce the automated braking systems in other cars as well. According to Jim Barbaresso who leads the team for intelligent transport systems at HNTB, a infrastructure design firm, the installation of this technology as a standard feature across all cars will reduce the cost of autonomous technology.

Installation of Autonomous Braking Systems across Every New Car Model will Reduce Price of Sensors

In the autonomous vehicles, the autonomous energy braking systems play a pivotal role with their ability to stop the car before crashing into another car. If the technology is deployed across every car model, the overall price of the autonomous technology will drop down significantly. The cars equipped with the automatic braking system utilize lasers, radar, and cameras to assess the distance to objects ahead. The system warns the driver when the objects get too close and slowdowns the car automatically or stop. As the prices of sensors are reducing significantly, it is expected that the price of the autonomous technology will fall back as well in the due course of time.

For example, the Lidar sensors utilized in Google’s autonomous vehicles witnessed a drastic dip in their prices from US$75,000 a decade ago to present valuation at US$5,000. New sensors are being priced as low as US$500. When automakers install these sensors across every new model, their prices will reduce further.