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What Does the Future of Vehicles Look Like?
- The arrival of the CAVs presents a market of trillions of dollars to exploit
- We’re looking for partners with whom to explore this business landscape. At Ferrovial we love to anticipate the future, and you?
The automotive industry, as part of the mobility ecosystem, is undergoing an extraordinary transformation to adapt to a new model of connectivity, autonomy, electrification, and shared use. A combination of technology, market, and consumer trends is transforming the industry and accelerating change.
The introduction of connected autonomous vehicles has the potential to revolutionize the way we get around and transport goods. The vehicles will look completely different from what we know today.
To find answers to these questions, we’ve worked with various partners on this report, which we have made available to download.
Connectivity, autonomy, and its use in vehicles
Connectivity is a vehicles’ ability to communicate and exchange information with other systems outside the car, including other vehicles, infrastructure, the cloud, and even pedestrians. Autonomy refers to vehicles (including cars, trucks, shuttles, and other modes of transportation) that are able to drive from a starting point to a predetermined destination in “autopilot” mode using various in-vehicle technologies and sensors with different degrees of independence.
In recent years, we’ve seen significant technological progress and unprecedented investment in the development of CAVs (Connected Autonomous Vehicles), and some vehicles with Level 3 autonomous capabilities are already starting to appear on the market.
Challenges and opportunities facing the connected vehicle ecosystem
- Autonomous technology development
- New infrastructure needs
- Making electric cars
- Growth of mobility and the sharing economy
- Change in mobility preferences
- Complex competitive landscape
- Dynamic market evolution