Auto industry shall spend $25 billion on autonomous technology by 2020

Ford self-driving cars

The quantity of cash automakers will spend on innovation for autonomous-driving functions will rise by the end of the decade, Automotive News states, citing a report launched late last month by AlixPartners. And includes India-based Mahindra as one of those automakers most likely to do more of that spending, as per UK’s Autocar. So, long term, do not assume those Tesla crashes that might (or might not) have actually been on Autopilot will hold things back.

The yearly amount OEMs will invest in innovation permitting cars to accelerate, steer, and brake on their own shall reach $25 billion by 2020, as per the AlixPartners report. The researchers utilized data from experts Dolcera and IHS Automotive to complete their analysis. As much as $15 billion will be invested in collision-avoidance systems and electronic navigation maps, while automakers will spend about $10 billion on radar and ultrasonic sensing units. One nascent technology where spending will grow specifically rapidly is lidar, which utilizes light from a laser to track the range of items. Continental AG, Robert Bosch GmbH, Valeo, Autoliv, Delphi, and Denso are some of the names that are diving into that innovation.

Mahindra is most likely to be among those OEMs increasing its spending on autonomous-driving technology. The automaker, which has a team in the Formula E electric-vehicle racing circuit, is planning to establish self-driving electrical cars under its flagship brand name, and may extend such an item line to its Ssangyong and Pininfarina brand names. These efforts are significant because the Indian federal government officials recently stated they were intending for all of its automobiles to be battery-electric by 2030.

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