BMW, Intel and Mobileye Collaborating for Self-Driving Car Technology

United States: BMW AG, Intel Corp. and Mobileye NV are joining hands to develop autonomous car. This is the most recent advancement in which automakers and technology firms are striking new alliances to commercialize self-driving technology after being initiated by huge investments from companies such as Google, Tesla and Apple. This tie is likely to focus on technology being developed by Mobileye and Intel along with German car maker BMW.

Jerusalem based Mobileye NV, is a top supplier of camera based sensor, software and other technology that allow vehicle to observe the world around them. BMW, General Motors and Tesla Motors Inc. has been client of Mobileye NV. As the automobile companies are in race with each other to build system to replace human drivers through some sort of artificial intelligence. Mobileye has already announced partnership with General Motors, Volkswagen AG and Nissan to design technology for mapping technology for gathering crowd sourced real time data from automaker fleet of vehicles.

Intel is the world’s biggest chipmaker and has a wide control over the computer processor market. The company has introduced some advance technology by modernizing features of dashboard by producing components inside entertainment and information technology in the automobiles.

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.

TechSci Research believes that as the people are being influenced by car based on modern technology than horsepower, this announcement would be a turning point for the automotive industry as three giants of their specific fields are collaborating through this deal.