Sumitomo Rubber Industries limited in Japan has its roots stretched back to the time Henry Ford was constructing his Model T. Now, the company is working on a smart tire that is able to monitor its own temperature and air pressure and eventually answer by itself to the alterations in road conditions.
Alphabet Inc.’s Waymo, Baidu Inc. and Intel Corp.’s Mobileye currently dominate the basic technology for autonomous driving, but still, the suppliers count on looking for their own place in the business.
Car parts makers have revealed over 14 billion dollars in investments in mobility and autonomy companies since the year 2010. Toyota Motor Corporation is on the top of that list with about 3 billion dollars.
Although it is not expected that the highly autonomous commercial fleets will be deployed before the year 2022, the threat looming is that these sophisticated designs of those cars will render some of the ordinary parts along with their suppliers unnecessary.
The lamps are placed on the 4 edges of the automobile and are capable of processing information and reacting, for example by illuminating the poorly lit crossings, signaling the pedestrians when it’s safe to cross, and furthermore, generating an alarm to the surrounding drivers by lighting a specific color.
According to data, current customers of the company include Volkswagen, Toyota, and General Motors Corporation.
A company for automotive glass making, AGC is re-imagining their products and making them a part of the communication system of a vehicle.
Another challenge for them is convincing the carmakers that the smarter and more expensive components have better economic sense. Not all the manufacturers of car parts have to go through a radical transformation in order to keep up with the autonomous and electric vehicles, as they have already been evolving gradually.