Emerging Technology is generally referred to as a technology that is currently being established, or that is expected to be within the next five to ten years, and is typically reserved for technologies that generate, or are expected to generate, a substantial economic or social impact. Therefore, in hopes of finding a solution that would promote less traffic, fewer accidents and minimize pollution, while also captivating millennial consumers by alleviating the worry and responsibility of owning a car, autonomous vehicles have emerged. Cars, once great achievements of mechanics, have now advanced into great feats of electronics, and their future is ultimately autonomous. The path to driving with zero human intervention, will transpire as semi-automated, then autonomous, and lastly, driverless. Automobiles today already include many semi-autonomous features, such as assisted parking and self-braking systems, but the reality of completely autonomous vehicles are on the rise. When we do achieve the driverless auto phase, the financial viewpoint for multiple enterprises will experience a tremendous shift. Self-driving technology will create an immense economic benefit to consumers and leading companies. Advancements have increased with the participation of major car developers including Ford, BMW, Audi, and the involvement of major tech companies, like Google.
With the constant developments for driverless technology, the era of autonomous vehicles is no longer out of reach, the future of the automotive industry and design techniques they use will rely heavily on how and where they implement other emerging technologies in each car. In order for these vehicles to function appropriately, they will have to involve a broad range of technologies and infrastructures. Autonomous vehicles drive themselves on autopilot mode with limited or no human involvement from one location to another, this is possible due to the utilization of various in-vehicle technologies and sensors. In order for autonomous vehicles to understand how they should behave in an ever-changing driving environment, various procedures will be used, and the vehicles will be capable of acting in response to specific changes in their environment.
Driverless vehicles bring an immeasurable amount of potential to drastically reconstructing not only how cities are designed, but the dynamics of transportation. Much like any other revolutionary technology, autonomous vehicles come with unplanned societal impacts. Some are good and some are bad. A majority of these impacts fall somewhere in between, creating a combination of both positive and negative consequences. For example, if we look at self-driving cars from an economic standpoint, cities that have been built around major roadways will have to be reorganized or will eventually vanish. Which then leads to the loss of businesses and jobs, because what business need will there be for local auto parts stores, gas stations, mechanics or car dealers? On the other hand, if we view the impact from a social standpoint, people will have more time, whether they skipped breakfast and need to eat on the go or if they need to respond to e-mails and simultaneously consume more information by either reading a book or doing research over the internet. The use of commuting autonomously will create the availability to perform other tasks and perhaps increase productivity. Over the last decade, considerable progress has been made in automated driving systems. While the continuation of technologies and capabilities evolve toward making autonomous vehicles a reality, the expansion of driving assistance technologies devised from the self-driving cars are being utilized in traditional cars. It can be predicted that the realization of self-driving car will gradually advance from assistance driving to total self-driving. Within the next ten years, a variety of automated driving products will become commercially available due to the progress and expected advancements currently being publicized. It is projected that automated driving technology will lead to a major shift in transportation systems, mostly in consumer experience, model choices, and industry models. This phenomenon is exemplified by the 2005 DARPA Challenge, followed by increased efforts from a slew of industrial companies and Google. Once these companies started experimenting their self-driving cars on public streets, it in turn stimulated even greater investments by a large amount of competitive automotive manufacturers. As self-driving cars mature, they will have a great impact socially and economically.