Cars that drive themselves are now found everywhere. You can see them in the streets of California, Michigan, Paris, London, Singapore, and Beijing. Self-drivers of our modern times can do without extra engines. However, they still use crazy amounts of power (as it’s often described) to run their onboard sensors, calculate, analyze the world, and make driving decisions.
Self-Driving Car Industry
In the last five years, autonomous driving has passed through an interesting period. Just a few years ago, it was considered “maybe possible.” Today, everything’s changed. You must already be thinking of times when you’ll be able to travel through Space like SpaceX’ Starman is doing right now.
The World Economic Forum, BCG, and the MIT Media Lab conducted a study of downtown Boston in 2017. The study shows that today’s shift from privately-owned vehicles to on-demand electric vehicles designed to be autonomous would reduce the number of cars on the road by 28% by 2030. Moreover, such shift would cut average travel times by 30%. Also, it would result in a 66% reduction in CO2 emissions, and 48% reduction in parking spaces required.
What to expect from the upcoming decade? For this, let’s focus on what to expect from ride-hailing platforms such as Uber, Lyft, and Didi. Well, they’re projected to make a transition from human-driven, internal combustion engine cars to autonomous electric vehicles. This will also include millions of driverless cars, and potentially thousands of pilotless vertical take-off and landing aircraft.
With all the changes and developments in mind, it’s too important to be able to secure a reliable automotive merchant account for the future growth of your business. Find the right specialist in the field that can get you an affordable and secure merchant account without difficulty.
The Power Self-Driving Cars Use
Approximately 6 gigabytes of data per 30 seconds is needed for a production car with cameras and radar to analyze. A self-driver, with additional sensors like lidar, generates more. All the data should be combined and analyzed. This requires a lot of computing power, which implies enormous electricity demands. Almost 2.500 watts is used by prototypes.
In the consumer electronics business, the car industry has a role model. The latter has to do with devices becoming smaller and more capable. John Ronco, VP of product marketing at ARM, a British multinational semiconductor and software design company, notes that all their customers need increased performance and lower power. As Ronco says, they need to implement this across all markets.
According to IHS Markit, an information and analysis providing company, 19.6% of the total estimated 5G sales enablement of $12.3 trillion in 2035 will be associated with the automotive/transport ecosystem. This is equal to over $2.4 trillion in economic output across the automotive, transportation and logistics sectors and their customers.
Author Bio: Business Funding expert, Michael Hollis, founded First American Merchant with his eyes set on helping the backbone of our country, small business owners. His passions include writing/producing music, and travel. First American Merchant is America’s Best automotive merchant account company, serving both traditional and high-risk Businesses.