Demand in the Automotive AI market has soared by 39% and is predicted to create an industry worth $10.8 billion by 2025, but long testing processes and lack of available testing facilities are hindering progress in autonomous driving.
5G is the fifth generation of mobile data wireless technology and its purpose is to improve communications by connecting all people and technologies to a much larger network. As well as boosting safety, 5G can improve autonomous testing efficiencies. Utilising 5G in autonomous vehicle testing will swiftly create the seamless user experience currently in high demand and build cars that are able to communicate with each other and drive their own software automatically.
5G networks are faster than previous generations and are estimated to be 10 times more efficient, enabling communication providers to partner with autonomous vehicle manufacturers across data processing and management, and driving efficiencies like never before.
Governments across the world are starting to recognise the positive social impact and economic benefits of autonomous vehicles. The UK government are offering up to £30 million for automotive vehicle manufacturers and research organisations to advance the development of self-driving vehicles, and the US recently unveiled a spending bill including $100 million for automated vehicle research and development.
Winning increased investment will enable more than just the purchasing and use of the best skills and fastest equipment. Government funding can free up invaluable time and resources which can be devoted to less urgent but innovative and valuable ideas, and empower leaders and engineers to take risks that deliver revolutionary autonomous driving designs and experiences.
Last year 22% of UK engineering and manufacturing businesses reported that they were already suffering an urgent engineering skills shortage, and as the sector will need to train 1.8 million engineers by 2025 to fulfil labour demands, the skills shortage will increasingly worsen. Partnering with schools and universities to raise awareness of engineering career opportunities will help attract more young people into engineering, but a comprehensive recruiting strategy will prove the difference in retaining top quality talent.
Conducting a review of your internal hiring strategy will help assess whether your own internal HR and recruitment processes are doing enough to attract new talent into your business and how effectively your internal policies and programmes are retaining your skilled engineers. Partnering with a specialist engineering recruitment agency can offer unique insight into the key factors that will bring new engineering skills into your business and create a plan to reach new and existing talent pools.
Autonomous vehicle testing efficiencies are achievable without investing billions, as shown by many Automotive manufacturers leading self-driving technology across the world. Chinese company Baidu has been publicly testing its autonomous vehicle technology since 2015. Baidu allowed members of the public to take rides in its fleet of autonomous cars for the first time in 2016 and have been developing autonomous vehicles for a shared shuttle service in 2018. Automotive leader Ford has pursued autonomous vehicle manufacturing since 2005 and has since operated a long-term strategy, investing in a lidar manufacturer and a secretive artificial intelligence start-up, and recently announcing that it will partner with Lyft on self-driving cars.
Experiencing a shortage of talent? Here’s How Autonomous Vehicles Manufacturers Can Attract Skilled Engineers.