Connected and automated mobility (CAM) technology developed in the UK is set to deliver a £66bn boost to the economy by 2040, according to the Society of Motor Manufacturers and Traders (SMMT).
In a new report, the SMMT outlines an opportunity for the UK to create technology that could help save 3,900 lives and prevent 60,000 serious accidents – while adding 342,000 additional jobs, with 12,250 directly in automotive manufacturing by 2040.
The British public stand to benefit from lower insurance premiums, less stressful commutes and greater freedom for those with restricted mobility. Fleets and businesses could also move goods and perform industrial processes more efficiently.
Mike Hawes, SMMT chief executive, said, “While fully automated road journeys are still some way off, advances in connected and automated mobility technology means they’re within our future – presenting a significant opportunity to revolutionise transport in the UK.
“Government must work with all stakeholders to implement the necessary framework needed to deliver this exciting revolution swiftly and effectively, ensuring that consumers can reap the lifesaving and cost saving benefits. Failing to do so risks leaving the UK in the slow lane, jeopardising our competitiveness and impeding growth and job creation.”
CAM tech enables vehicles to drive without human intervention while connecting with each other and surrounding infrastructure.
While Britain is already well placed to implement CAM technology into passenger cars, significant new opportunities for growth exist in eight other markets, thanks to the ability of CAM tech to deliver efficiency and productivity gains in everyday transport and business activities.
On-road logistics has the potential to be the largest market, with annual revenue of £15.2 billion by 2040 from rolling out CAM tech in the sector – underscoring the importance of enabling these features in commercial HGVs and vans used in everything from long distance haulage to last mile home deliveries.
Implementing CAM tech in on-road passenger services, such as buses, taxis and ride-hailing, and off-road logistics, including vehicles used in warehouses, ports and airports, rank as the second and third largest markets. Some of the earliest deployment opportunities could also be found in the mining and agricultural sectors, given the nature of these environments with little or no public access.