Self-driving car market race heats up; S Korea regulations lag behind

KOREA HERALD – South Korea is lagging behind in revising rules to organize for the commercialisation of autonomous automobiles in comparison with different main nations reminiscent of the USA (US), Germany and Japan, a Seoul-based suppose tank mentioned yesterday.

The market dimension of autonomous, or self-driving, automobiles is anticipated to develop from USD7.1 billion in 2020 to USD1 trillion by 2035, a report by the Korea Financial Analysis Institute confirmed. Greater than half of the newly launched automobiles to be offered in 2030 are anticipated to be outfitted with stage three autonomous driving know-how.

Degree three autonomous driving implies that the motive force can hand over management to the car, however should be able to take over when prompted in a restricted variety of areas reminiscent of on the freeway.

Autonomy in automobiles is commonly categorised in six ranges from stage zero to 5 in accordance with a system developed by the US-based SAE Worldwide.

South Korea’s auto big Hyundai Motor had beforehand introduced that it’ll equip Genesis G90 fashions with its stage three autonomous driving know-how, referred to as Freeway Driving Pilot.