The Institute of Automated Mobility (IAM) is a new consortium of private sector companies, public officials and university research faculty that will collaborate on state-of-the-art research and testing in Arizona.
of serious vehicle crashes are due to human error
is the cost of U.S. vehicle crashes in 2010
people in the U.S. died in in vehicle crashes in 2016
hours were spent in traffic delays in 2014
An Opportunity for innovation
U.S. Department of Transportation states that automation offers the potential to improve safety. Companies are expected to spend $61 billion in R&D and capital investments on autonomous vehicles by 2023. The Global Automotive Safety System market is expected to reach almost $200 billion by 2026. The federal budget contains significant resources: USDOT has planned $100 million for automated vehicle R&D.Nearly 55% of the 175 M&A deals over the past two years have been related to automated or electric vehicles.