Industry News

BMW to Venture into Autonomous Vehicle Segment

Germany: BMW, one of the biggest car manufacturing company is establishing a new development center for autonomous vehicle testing in Unterschleissheim near Munich, Germany. The new development center would have an employee strength of around 2000 people, for carrying out business operations such as software development, testing of fully automated driving and as well as testing of autonomous vehicles on road.

Klaus Fröhlich, Member of BMW Management Board, carrying out the development at the BMW Group, said that “The road to fully-automated driving is an opportunity for Germany’s automobile manufacturing base. The decision to develop and road-test these vehicles in the Munich area illustrates how the BMW Group and the whole region can benefit from this shift in the automotive industry.”

According to Fröhlich, “It has been expected that in 2017, BMW will lunch their first autonomous driving vehicle into the market with the name of BMW iNEXT ”. Moreover, the company is forming new team of experts, as well as taking benefits of the startups and also with the established companies for the agility, industrialization, security and flexibility that will accelerate development of company autonomous vehicle segment.

As per TechSci Research, BMW, is among various other companies, to test autonomous vehicle technology across the globe, to eradicate potential accidents and crashes caused by human error. Besides that, the continuously expanding investment in the autonomous car technology market by several companies, is expected to influence the overall industry, over the coming period.

According to a recent report published by TechSci Research, “Global Autonomous Car Technology Market Forecast and Opportunities, 2035 – ADAS, Semi-Autonomous, Fully-Autonomous”, globally, the automobile sector has been constantly evolving in terms of engine performance and design. Apart from these parameters, evolution of autonomous features in passenger cars is garnering attention of consumers across the world. Global autonomous car technology market is primarily divided into three segments - Advanced Driver Assistance System (ADAS) car technologies, semi-autonomous car technology and fully-autonomous car technology. ADAS technologies are currently moving at a brisk pace on account of rising inclination towards greater automation.

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