Connected and autonomous vehicles set to provide huge economic benefits to the UK

Connected and autonomous vehicles (CAVs) will provide huge social, industrial and economic benefits to the UK. In particular, these innovative vehicles will expand our industrial base, improve safety and congestion, drive up productivity and free up space usually devoted to vehicles in our urban areas.

CAVs will transform the lives of six out of every 10 people in the UK, according to our research published in Connected and Autonomous Vehicles: Revolutionising Mobility in Society. The first comprehensive UK-based study of the human impact of CAVs, canvassed the views of more than 3,600 respondents and found that this new technology will offer freedom to some of society’s most disadvantaged, including those with disabilities, older people and the young.

Connected vehicle technology is varied and can be grouped under the following headings:

  • In-vehicle systems
  • Commercial management systems
  • Infrastructure systems
  • Vehicle to vehicle systems (V2V)
  • Vehicle to infrastructure (V2I)

There is already a staggering level of connectivity and autonomy in vehicles compared to just a decade ago – in 2015, more than half of all new cars sold in the UK featured autonomous safety features. Autonomous emergency braking and lane assist technologies provide safer driving and internet connectivity over mobile networks is capable of keeping vehicle occupants connected to the online world.

According to the KPMG study commissioned by SMMT, connected and autonomous vehicles are set to add £51 billion a year to the UK economy by 2030. This is in addition to creating 320,000 jobs news, 25,000 specifically in automotive manufacturing.


connected autonomous vehicles graphics

To find out more about connected and autonomous vehicles read our position paper.

Source: SMMT

 

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About Tim Cosgrove

Tim Cosgrove heads two technology companies Co-Star and Cloud-Star who supply 4G LTE connectivuty products to the ICT industry globally and are based at Harrogate in the UK. Working at the forefront of the mobile communications industry gives Tim a unique perspective on the latest emerging technologies that help to improve how businesses and people communicate and operate in the future. Tim is keen to share his insights and passion for the latest technologies through the Co-star blog. Please get in touch if you have any technology related news or press releases that you would like us to share.