19/05/2017 07:22 BST | Updated 19/05/2017 07:22 BST

Three Industry Sectors Driverless Cars Will Have The Most Significant Effect On


A lot of concerns have been raised on ways self-driving trucks will advance the auto industry, impact on humanity and possibly reduce the rate of road accidents, as 81 percent of car crashes are the result of human error.

A lot of industry experts have also joined the trending AVs topic, stating that driverless, autonomous vehicles will hit the roads sooner than expected, and many experts believe the AVs innovation will transform our lives in many ways.

At this rate, numerous changes, both positive and negative, are bound to be experienced from this innovation. However, which of the automotive sectors will experience the most significant changes? Below are 3 of them.

1. Car dealings and sales sector

Presently, an estimated 95% of Americans own a car. This is a big gain for car companies and automakers as the number keeps increasing.

With this innovation, however, the cost of ownership and use of an autonomous vehicle will be much higher compared to the use of on-demand robo-taxis.

With this, an analysis from the University of Michigan Transportation Research Institute, showed that car-ownership could drastically lapse by as much as 43% in the U.S once the autonomous car innovation is fully adopted.

Among the benefits of this reduced car ownership on the individuals is reduced death rate due to human-caused accidents and fewer expenses.

For automakers and car companies that fail to adopt this AVs approach on time, however, this innovation will cause a huge loss for them as only a fewer consumers will stick to purchasing the traditional vehicles.

2. Auto transport and brokering sector

Distributing manufactured cars to all parts of the globe is one of the biggest struggles for car companies. Despite the availability of reputable and affordable auto transport services, the cost of auto transport, brokering and shipping remains significantly high for numerous reasons, which includes the excess wages of human drivers involved.

With this AVs innovation, however, this cost is bound to drastically reduce because as driverless cars will require little or no human effort, human drivers will become irrelevant in the field at some point. Though this will be quite a negative change for drivers, it'll aid a cost-efficient car shipping around the globe.

On the other hand, automakers and car companies will save lots of dollars from this innovation as they'll focus more on regular vehicle maintenance with little regard to wages.

3. Auto maintenance and repairs sector

Alongside the well-computerized features like GPRS maps, autonomous vehicles are well developed to optimize efficiency with acceleration and braking. This, therefore, will aid the minimal consumption of fuel, keep carbon emission contained, and help reduce the rate of worn out of auto parts.

This is a positive change and will hugely impact not only in our lives, but also on our planet.

However, auto repair sectors that handle worn-out autoparts could heavily be driven out of business, as the vehicles will most often require just regular check up and maintenance, other than in-depth repairs.

These 3 sectors focus mainly on ways the AVs innovation will affect the auto industry and we, humans.

Driverless cars mean more freedom, and more freedom means more obsessive use of social media and tech gadgets, and this means even more profit for the companies that pioneered this innovation.

Though the general aim of this innovation is safety, companies like Apple will be reaping huge business benefits off of it, while the citizens will never be bothered as a result of the faster, safer and more convenient transportation.