Posted: 04/03/2017 - Views: 404

Two Forms Of Technology Will Determine The Future Of Autonomous Cars

Two Forms Of Technology Will Determine The Future Of Autonomous Cars |
Talk of autonomous cars has been prevalent for years and, despite safety concerns that come with this brand of automotive technology, their development is farther ahead of schedule than originally anticipated. Two forms of technology – LiDAR and V2V communication – have the largest influences on the autonomous functionality and are big determinants in the future of this innovative brand of automotive technology.

LiDAR is an abbreviation for light detection and ranging. This particular market is expected to be worth $5.2 billion by 2022, with a projected compound annual growth rate (CAGR) of 25.8 percent over the next five years. LiDAR is used in autonomous cars to create fast, precise 3D images of the vehicle’s surroundings and is the most efficient and accurate method of its kind.

Described as “super eyes” for the driverless car, LiDAR sensors have an extremely far range and can determine the location of every object around a vehicle faster than a human or any other form of technology.

However, a drawback for LiDAR is cost, with units being sold from leading manufacturers like Velodyne for up to $75,000 each. Since 2016, however, LiDAR manufacturers began promising more consumer-friendly unit prices hovering around the $250 range, which should result in LiDAR becoming incorporated into a broader number of both semi- and fully autonomous cars. Even then, manufacturers might have to further reduce their prices at the wholesale level if they want to see automotive manufacturers begin installing them in every vehicle.

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Posted and Edit by 04/03/2017