Daimler Joins Bosch for Developing Self-Driving Taxi Service
German
car manufacturer is partnering with auto-component supplier to develop
self-driving taxi technology
Germany: Daimler has recently teamed up with
the renowned auto component supplier, Robert Bosch to evolve a system for the
development of self-driving cars, i.e. "robo-taxis", by 2020.
As per Bosch, the companies would couple
together with an aim of operating at Level 4, which eliminates human
intervention in developing autonomous system as well as on Level 5, i.e.
entirely driverless technology, specifically to be operated in urban region.
Daimler has been working on autonomous
ride-hailing space industry as well. In the process of developing autonomous
technology of its own, the luxury car maker, earlier in January 2017, announced
to supply its self-driving cars to various cab aggregators such as Uber.
Whereas, Bosch is witnessed to team up
with several auto companies in the pursuit of evolving autonomous vehicle
technology. Prior this year, in March, the component supplier announced that it
has been working with the US based chipmaker, Nvidia to develop a supercomputer
for a self-driving system.
TechSci Research depicts that the constantly
testing and evolving self-driving technology in the European region is
anticipated to further lead to greater advancements in the autonomous vehicle
technology, thereby, generating the demand of autonomous vehicles across the globe
in coming years. Besides that, the development in the autonomous self-driving
taxi service, would act as a step forward towards success in the automotive
industry for future driverless cars, thereby, contributing to the growth to
overall industry, in coming years.
According to a recent report published
by TechSci Research, “Global
Autonomous Car Technology Market Forecast and
Opportunities, 2035 – ADAS, Semi-Autonomous, Fully-Autonomous”, global autonomous car technology market
is expected to witness a CAGR of over 10% through 2035. The market is currently
dominated by ADAS segment, which is expected to maintain its dominance over the
next twenty years as well. The dominance of this segment can be attributed to
anticipated increase in government regulations pertaining to integration of
ADAS technologies in passenger cars. Further, semi-autonomous car technology is
expected to witness robust growth over the next ten years, owing to anticipated
decline in its average selling price coupled with rising volume sales.
Region-wise, North America has emerged as the largest contributor in the market
for autonomous car technology, followed by Europe, Asia-Pacific (APAC) and
Middle East North Africa (MENA).