Alphabet conglomerate company Waymo is poised to develop and commercialize its autonomous driving technology before its competitors, becoming the largest autonomous technology company in the automotive industry by 2030 according to a report by Frost & Sullivan. The report, titled, “Waymo’s Future Autonomous Disruptive Capabilities for the Automotive Industry”, looks at the impacts Waymo’s technology and innovations have and will have on the automotive ecosystem.
Frost & Sullivan mobility research analyst Ajay Natteri Mangadu talked about the potential for Waymo’s technology as well as some of the challenges it faces in a press release, stating that the technology, “…has vast revenue potential in shared mobility and data-based services, and in various applications such as self-driving trucks, cars, and drones. However, with every major automotive original equipment manufacturer (OEM) working on their own in-house autonomous software, finding the right partner to license Waymo’s technology will be imperative to its success.”
Some of these potential licensing and growth opportunities for Waymo and its technology are covered in the report, such as forming partnerships with third-party developers for apps based on vehicle data, licensing the autonomous software and tailoring it to logistics to cut down on driver charge and fuel costs, and adapting Waymo software for autonomous buses and public transport.
By leveraging Waymo’s autonomous technology with Alphabet’s connected device ecosystem, Frost & Sullivan predict a Waymo-powered Level 5 autonomous vehicle, which is a vehicle with full driving automation, to be available to the public by 2025. The vehicle would be based on the Chrysler Pacifica and feature complete connectivity.
