Assignment2 Autonomous Vehicle
Assignment2 Autonomous Vehicle
Declaration
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Assignment Receipt
Student 4
Student 5
GROUP ASSIGNMENT COVER SHEET * AUSTRALIAN INSTITUTE OF BUSINESS AND MANAGEMENT PTY LTD PAGE 1 OF 1
Executive Summary
This report explored the development, impact, challenges, and future prospects concerning autonomous vehicle's
influence on the transportation industry and modern society. The report provides the history of different steps in AV
development, from the very early stages of experimentation to the current innovations, and describes the advantages
offered by autonomous vehicles concerning safety, efficiency, and access. The report has also highlighted the
present size and growth of the current market for autonomous vehicles while acknowledging several challenges in
the industry. Additionally, the report considered the future path ofthe with a focus on a governmental role of
regulation and fostering innovation and public safety. The report has concluded with recommendations for
stakeholders to mitigate risks and maximize benefits as the technology evolves.
Table of Contents
1. Introduction..................................................................................................................................4
2. History and Development of Autonomous Vehicles....................................................................4
3. Advantages of Autonomous Vehicles: Impact on Transportation and Modern Civilization........5
4. Size and Growth of the Current Autonomous Vehicles Market...................................................5
5. Challenges/Disadvantages of Autonomous Vehicles...................................................................6
6. The Future of Autonomous Vehicles...........................................................................................6
7. Government's Role in Regulating Autonomous Vehicles............................................................7
8. Conclusion and Recommendations..............................................................................................7
10. Referencing................................................................................................................................8
1. Introduction
Autonomous vehicles represent a revolutionary shift in the transport industry due to the incorporation of state-of-
the-art technologies such as sensors, artificial intelligence (AI), machine learning, and high-performance computing
systems for navigational and decision-making purposes without human intervention (Anderson et al., 2014). These
vehicles leverage a suite of LiDAR, radar, cameras, and GPS to gather information about their surroundings, while
AI works in real-time, processing that data to drive and perform decisions related to obstacle detection and
managing traffic flow. Considering their huge contribution to reducing traffic accidents, which are overwhelmingly
caused by human error and improvement of general traffic flow thus seriously easing congestion in urban
environments, the transformative potential of AVs is not limited to individual transportation (Nikitas et al., 2019).
Nonetheless, this rapid technological development of autonomous vehicles enhances society's critical concerns,
including ethical debates, regulatory challenges, employment displacement, and readiness of public infrastructure,
all of which are crucial to be addressed with the integration of autonomous vehicles into future urban planning and
transportation networks.