Legacy automotive supplier Delphi agreed to join BMW and Intel to work together on the sensors, cameras, software, and visualization for self-driving cars. The agreement is aimed at accelerating the development of the vehicles by leveraging each company’s strengths.
Intel and BMW have been working together on self-driving cars since last year, as had Intel and Delphi through a separate agreement, so adding Delphi to this agreement is a natural extension of the companies’ existing partnerships.
The agreement will help the companies put a vehicle on the roads quicker and gain a competitive advantage in the market. Here’s how:
- Companies are rushing to get self-driving cars on the road as soon as they can to gain a crucial early-mover advantage. Self-driving cars are coming — BI Intelligence forecasts that 2.4 million fully autonomous vehicles will be on the roads around the world by 2025. Automakers, tech companies, and ride-hailing services are all angling to earn a share of the market since it’ll be lucrative. By getting into the market early, companies have a chance to carve out a large market share before competing firms get into the space.
- Bringing Delphi into the fold should help BMW and Intel get that advantage. Delphi is adapting for the autonomous age, forging several partnerships to get a share of the market. As a result, it has a background in both the auto industry and in self-driving tech that it can leverage to accelerate BMW and Intel’s existing self-driving car projects, helping it get that early-mover advantage.
The self-driving car is no longer a futuristic fantasy. Consumers can already buy vehicles that, within a few years time, will get software updates enabling them to hit the road without the need for a driver.
This autonomous revolution will upend the automotive sector and disrupt huge swaths of the economy, while radically improving energy efficiency and changing the way people approach transport around the world.
Automakers and tech companies are racing to develop the technology that will power self-driving cars in the coming years. That tech is advancing, but leaves observers with a bigger question: will consumers trust driverless car tech, and will they want to use autonomous cars?
Peter Newman, research analyst for BI Intelligence, Business Insider’s premium research service, has compiled a detailed report on self-driving cars that analyzes the market, and forecasts vehicle shipments and market penetration. It also profiles the players expected to take on a prominent role in the autonomous future, examines the barriers to autonomous car development and adoption, and reviews developments in technology, regulation, and consumer sentiment. Finally, it analyzes the impact the introduction of autonomy will have on various industries and transport trends.
Here are some of the key takeaways from the report:
- Self-driving cars are coming; there will be fully autonomous cars on the roads in the US in 2018, and adoption will just take off from there.
- The technology is developing swiftly to allow fully self-driving vehicles, while the regulatory environment is adapting to the anticipated changes that this new technology will bring.
- We conducted a survey asking our exclusive BI Insiders panel about their thoughts on self-driving cars, the future of the automotive industry, and the impact autonomous vehicles will have on their purchasing habits moving forward. The results provide a picture of consumer sentiment at the precipice of the autonomous era.
In full, the report:
- Sizes the current and future self-driving car market, forecasting shipments and projecting installed base.
- Explains the current state of technology, regulation, and consumer perception.
- Analyzes how the development of autonomous cars will impact employment and the economy.
Source: Business Insider