Skip to main content
Home

Search

Header (Main)
Industry
Mobility Mobility
Automotive
Vehicle Electrification

Vehicle Electrification

Explore
Aerospace Engineering
Optimized Aircraft Downtime and Overhead Costs for a Leading Global Airline with Automated Analytics

Optimized Aircraft Downtime and Overhead Costs for a Leading Global Airline with Automated Analytics

Explore
Rail Transportation
Railway Track Inspection System

Railway Track Inspection System

Explore
Trucks & Off-Highway Vehicles
On the Road to Connected Mobility: An ER&D Perspective

On the Road to Connected Mobility: An ER&D Perspective

Explore
On the Road to Connected Mobility

On the Road to Connected Mobility: An ER&D Perspective

Explore
Sustainability Sustainability
Discrete Manufacturing & Industrial Products
Building Technology & Smart Infrastructure
Electrical Power and Controls
Industrial Machinery
Unlock the future of manufacturing with Factories of the Future

Unlock the future of manufacturing with Factories of the Future

Explore
Process Manufacturing
Oil & Gas
Chemicals
FMCG
ISG Provider Lens™ 2024: Oil and Gas Industry Services and Solutions

ISG Provider Lens™ 2024: Oil and Gas Industry Services and Solutions

Explore
L&T Technology Services and bp sign multi-year engineering services partnership

L&T Technology Services and bp sign multi-year engineering services partnership

Explore
Tech Tech
HiTech
Consumer Electronics
Media & Entertainment
NexGen Comms
Semiconductors
L&T Technology Services Secures $50 Million Deal as a Strategic Partner from a global Network Provider

L&T Technology Services Secures $50 Million Deal as a Strategic Partner from a global Network Provider

Explore
MedTech
Revolutionizing Endoscopy with Software-Defined Innovation in Collaboration with NVIDIA

Revolutionizing Endoscopy with Software-Defined Innovation in Collaboration with NVIDIA

Explore
Public Infrastructure & Smart Cities
Integrated Smart Surveillance Project

Integrated Smart Surveillance Project

Explore
Software & Platforms
LTTS & SymphonyAI to provide AI-based transformation

LTTS & SymphonyAI to provide AI-based transformation

Explore
Services
Digital Engineering & Consulting Digital Engineering & Consulting
Artificial Intelligence
Cybersecure
Security Monitoring
Security Services
Security Solutions
Immersive Experiences
Industry 4.0
Product Consulting
Sustainability Engineering
Sustainable Smart World
5G
LTTS Completes Acquisition of Intelliswift

LTTS Completes Acquisition of Intelliswift

Explore
Product Engineering Product Engineering
Software Engineering
Cloud Engineering
DevOps
Engineering Analytics
Immersive Experiences
Sustenance & Maintenance
User Experience
Voice Innovations
Embedded Engineering
Embedded Systems
Sustenance
VLSI
Wearables Engineering
Mechanical Design
CAE & CFD
CAx Automation
Testing & Validation
Integrated Design, Validation & Testing
Lab as a Service
Testing
Enabling a Paradigm Shift in Testing An LTTS AI Perspective

Enabling a Paradigm Shift in Testing An LTTS AI Perspective

Explore
Manufacturing Engineering Manufacturing Engineering
Smart Manufacturing
Accelerated Operations
Digital Factory & Simulations
Plant Design & Engineering
Supply Chain Engineering
Sourcing & Procurement
Manufacturing & Planning
Accelerated Operations
Digital Factory & Simulations
Line Expansion & Transfer
Manufacturing Automation
New Product Development
Plant Design & Engineering
PLM on Cloud
Manufacturing Execution
Agile Supply Chain
Content Engineering
Material & Parts Management
Sourcing & Procurement
Asset Reliability Centre

Asset Reliability Centre

Explore
Plant Engineering Plant Engineering
CAPEX Project E/EPCM Services
Operational Excellence
Plant Sustenance & Management
Material & Parts Management
Regulatory Compliance Engineering
ISG Provider Lens™ 2024: Oil and Gas Industry Services and Solutions

ISG Provider Lens™ 2024: Oil and Gas Industry Services and Solutions

Explore
Solutions
AiCE
AiKno®
AnnotAI
ARC
Asset Health Framework
CHEST-rAi™
Connected Security
EDGYneer
ESM
EvQUAL
FlyBoard®
Fusion
i-BEMS
Nliten
nBOn
PSM
SafeX
Semiconductor IP
Sensor & Gateway Solution
UBIQWeise 2.0
Insights
Analyst Reports
Blogs
Brochures
Case Studies
eBooks
Events
PoVs
Webinars
Whitepapers
Careers
About Us
Accolades
Alliances
Analysts
Board of Directors
CSR
Engineer At Heart
Engineering The Change
Investors
Nearshore Centers
News & Media
Quality Management
Corporate Sustainability
Testimonials
Contact
Header (Secondary)
Search
Mail
Country
EN
DE
JP
HE
Contact

Breadcrumb

  1. Blogs
  2. Industry
  3. Autonomous Vehicles: Disrupting All Models

Autonomous Vehicles: Disrupting All Models

Alind Saxena
Alind Saxena

Executive Director & President – Mobility & Tech, L&T Technology Services

Mobility

Published on 01 Dec 2017

min read

Autonomous Vehicles: Disrupting All Models

The onset of autonomous vehicles (AV) has been called a revolution by many industry stalwarts, and with good reason. Advances in technology are completely transforming consumer mindsets and thus influencing expectations from urban infrastructure, OEMs and even insurers. There is a transformational rethink happening.

Reengineering Car Structures

OEMs for example, are using durable 3D haptic glass to provide touchscreen features. Luxury cars priced around $140,000 are already fitted with windshields that have touchscreen surfaces. Sliding seats, interactive screens that greet, advice and update passengers, intelligent glass screens that change transparency depending on consumer preferences, and retractable driving systems to provide a driverless experience are other functionalities being explored by manufacturers. The use of advanced materials such as Carbon Fiber Reinforced Plastic for these purposes will lead to the complete redesign of the manufacturing space and relationship with traditional tiers.

Now extend the above to changing revenue streams. While traditional revenue was generated primarily from vehicle hardware and maintenance services, the focus is now on extracting value from capturing and providing data in context of the surrounding ecosystem. All those smart sensors are not only for safety but have the dual role of being information hubs.

Joining Hands with Technology Players

An interesting concept that is emerging from above is that instead of OEMs being at tip of the value pyramid followed by multi-tier suppliers, the focus is shifting more toward an equal “hub-and-spoke” value arrangement, wherein the finished car is at the center and OEMs, suppliers, manufacturers, and online and telecom players are interconnected parts of the wheel. Development has now become a collective effort, with every stakeholder equally responsible for the completion of the product.

OEMs and tier-one suppliers offering autonomous variants of their existing product lines will have to compete as well as collaborate with technology players. This will require autonomous car-makers to relinquish their strategies that aim at controlling every aspect of a vehicle. Instead, they will need to build on their natural advantages pertaining to existing assets and operations, and seizing technology acquisition opportunities.

With digital startups proliferating globally and paying special attention to AV technologies, traditional automakers are partnering with them to gain a competitive edge. Cybersecurity technologies, mapping solutions, freight aggregation, driver safety, human-machine interactions, and IoT analytics are among the technologies in demand. A survey indicates that automotive companies are already using mergers and acquisitions to develop such capabilities. IT spending is therefore forecasted to grow at a CAGR of 16.1 percent between 2015 and 2025.

Disrupting Insurance Norms

Advanced safety features of AVs are expected to dramatically reduce accidents due to human error, which accounts for about 90 percent of car accidents. Automatic emergency braking systems alone can reduce front-into-rear crashes by 50 percent while front collision alerts can lower rear-end accidents by 27 percent. Insurance providers using conventional auto-insurance revenue models are likely to incur losses on this count.

The way forward for auto-insurers is to abandon current schemes and shift to usage-based insurance (UBI) and its variations, including pay-as-you-drive (PAYD), pay-how-you-drive (PHYD), pay-as-you-go, and Distance-based Insurance. These innovative models use telematics and track odometer readings to determine the mileage and drive consumer behavior. Research suggests that within the next five years, 20 percent of auto-insurers will offer UBI—taking the market for these products to $123 billion by 2022.

Since 15 percent of passenger cars globally will be conditional or fully autonomous by 2025, auto-insurers will have to be ready with driverless car insurance plans. Their primary emphasis is likely to be on insurance covers for software malfunctions and single insurer models. An automotive major has already announced that it will offer a “single price for car, maintenance, and insurance.” Other companies are also following suit, transferring the responsibility of organizing insurance from the car owner to themselves.

The Road Ahead

While automotive, technology, and insurance players rewrite business rules for AVs, they will need to take the growing ride-sharing phenomenon into account. The car volume has pretty much peaked by now. By 2030, the US will see an 80 percent drop in private car ownership but new revenue sources are likely to offset losses from this downtrend.

Whatever happens, one thing is very clear—disruption is here to stay!

Relevant Blogs

Are Autonomous Cars and Consumers on the Same Road?
Digital Services as Features: Charting New Frontiers
Of Cars and Communication: The V2X Transformation
Explore All

Stay Relevant With Us

Subscribe to our blogs

Alind Saxena
Alind Saxena

Executive Director & President – Mobility & Tech, L&T Technology Services

Mr. Alind Saxena is the Executive Director & President - Mobility & Tech at L&T Technology Services, and is responsible for driving topline growth, strategic business development and creating new revenue streams for the company, while spearheading strong customer connects and large deal pipeline.

With the support of globally diverse teams spread across continents, he has spearheaded the expansion of LTTS into important markets.

In his earlier role, as Chief Sales Officer, Alind had been instrumental in steering LTTS to its current position as a leading global engineering services provider helping Fortune 500 customers across the world.

Also, Alind was closely associated with the manufacturing industry in domains such as automotive, aerospace, oil and gas, industrial products, telecom and medical devices.

With three decades of industry experience, Alind has held several leadership positions in multinational organizations. A technologist with very strong business acumen, Alind has worked out of Asia, Europe, and North America.

Alind is a core member of the Leadership Council of L&T Technology Services. He is a graduate from the Indian Institute of Technology, Kanpur, and certified in leadership from INSEAD and Harvard Business School. He also completed the Senior Executive Program (SEP) from London Business School. He is an active member of STEM and presides over several educational councils at his local district.

Alind resides in Chicago with his wife, son, and daughter.

Footer Navigation
  • Industry
    • Mobility
      • Aerospace Engineering
      • Automotive
      • Rail Transportation
      • Trucks & Off-Highway Vehicles
    • Sustainability
      • Discrete Manufacturing & Industrial Products
      • Process Manufacturing
    • Tech
      • Consumer Electronics
      • MedTech
      • Media & Entertainment
      • NexGen Comms
      • Semiconductors
      • Software & Platforms
      • Public Infrastructure & Smart Cities
  • Services
    • Digital Engineering
      • Artificial Intelligence
      • Cybersecure
      • Security Monitoring
      • Security Solutions
      • Security Services
      • Immersive Experiences
      • Industry 4.0
      • Product Consulting
      • Sustainability Engineering
      • Sustainable Smart World
      • 5G
    • Product Engineering
      • CAE & CFD
      • CAx Automation
      • Software Engineering
      • Cloud Engineering
      • DevOps
      • Embedded Systems
      • Engineering Analytics
      • Integrated Design, Validation & Testing
      • Lab as a Service
      • Sustenance
      • Testing
      • Testing & Validation
      • User Experience
      • VLSI
      • Voice Innovations
      • Wearables Engineering
    • Manufacturing Engineering
      • Accelerated Operations
      • Agile Supply Chain
      • Content Engineering
      • Digital Factory & Simulations
      • Line Expansion & Transfer
      • Manufacturing Automation
      • New Product Development
      • PLM on Cloud
      • Plant Design & Engineering
      • Sourcing & Procurement
    • Plant Engineering
      • CAPEX Project E/EPCM Services
      • Material & Parts Management
      • Operational Excellence
      • Plant Sustenance & Management
      • Sourcing & Procurement
      • Regulatory Compliance Engineering
  • Engineering The Change
  • Careers
  • Engineer at Heart
  • Resources
  • Solutions
    • AiCE
    • AiKno®
    • AnnotAI
    • ARC
    • Asset Health Framework
    • CHEST-rAi™
    • Connected Security
    • EDGYneer
    • ESM
    • EvQUAL
    • FlyBoard®
    • Fusion
    • i-BEMS
    • Nliten
    • nBOn
    • PSM
    • SafeX
    • Semiconductor IP
    • Sensor & Gateway Solution
    • UBIQWeise 2.0
  • About Us
    • Accolades
    • Alliances
    • Blogs
    • Board of Directors
    • Careers
    • CSR
    • Events & Webinars
    • Investors
    • Media Kit
    • Nearshore Centers
    • News & Media
    • Quality Management
    • Resources
    • Corporate Sustainability
    • Testimonials
LTTS
  •  Twitter
  •  LinkedIn
  •  YouTube
  •  Facebook
  •  Instagram
  • Copyright & Terms
  • Privacy
  • Sitemap
  • info@ltts.com

© 2025 L&T Technology Services Limited. All Rights Reserved.