A sci-fi-like idea 10 years back, but today a reality, self-driving cars have caused quite a commotion in the market, affecting a great number of industries with the revolutionary AV technology where driverless cars are said to save more than half million of lives between 2035 and 2045.
Still restricted in many parts of the world, driverless cars are being tested in California as the regulations allowing the testing of self-driving cars on the streets of California is contributing to the growth and development of companies and manufacturers such as Tesla and Alphabet.
In the meanwhile, Uber, a rideshare provider preparing to g public with the forthcoming IPO, is also working with AV.
How the Expansion of Self-driving Cars Will Change Over 30 Industries in the Long Run
Self-driving cars are said t be able to reduce the costs of public safety by 234 billion dollars in the course of a decade in the period of 2035 to 2045. Although these dates may appear too far to care for the outcome and too near to be able to see a massive progress in the development of automated vehicles, self-driving cars are already changing numerous industries, starting with delivery and transportation.
Moreover, Strategy Analytics research company reported that during the above-mentioned period, self-driving cars and AV technology will save additional 250 million commuter hours on annual basis.
As far as the influence on other industries concerned, automated vehicles will probably affect more than 30 different industries, which includes transport and delivery, auto industry, ridesharing companies and taxi companies, and even travel and hotel industry as people may choose to spend the night in their AVs instead of renting a room.
While some industries may see benevolent effects from AV expansion and development, Forbes suggests that industries and sectors such as construction, mining and farming may be heavily affected by the adoption of AVs, as vehicles that are man operated within these industries, which could affect companies operating with construction equipment.