Home TechExec blogs Technology Development Strategy Driving Waymo’s Innovative Business Models, 2020 – GlobeNewswire

Technology Development Strategy Driving Waymo’s Innovative Business Models, 2020 – GlobeNewswire


New York, Nov. 23, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Technology Development Strategy Driving Waymo’s Innovative Business Models, 2020” – https://www.reportlinker.com/p05989279/?utm_source=GNW
There is a clear realization that past predictions of launching fully autonomous vehicles by 2020 will not materialize; however, collective milestones in the industry have been achieved and need to be applauded. While the underlying goal of autonomous driving has always been customer comfort and driver safety, additional social, economic, and technological factors are disrupting the industry. These factors include shifting customer preferences, urbanization and congestion, and regulations on reducing carbon footprints. All these factors are leading to the convergence of four themes: connected, autonomous, shared, and electric (CASE).Waymo, the self-driving car subsidiary unit of Alphabet, is the leader in the autonomous driving domain. The company uses a connected fleet of hybrid Chrysler Pacifica minivans and electric Jaguar I-Pace vehicles as part of its automated ride-hailing service: Waymo ONE. In this regard, Waymo completely meets every aspect of CASE and is considered one of the leading mobility participants in the autonomous driving ecosystem. Waymo caters to the passenger segment and is also testing its logistics business under the brand of Waymo VIA, which will include autonomous trucks for long-haul logistics and minivans for local deliveries.Unlike traditional OEMs, Waymo, being a new entrant in the industry, had the freedom to build its technology while considering changing dynamics and future scalability. This also allows Waymo to develop its technology in-house, a trend visible across other participants such as Tesla. Building the technology in-house ensures seamless integration of hardware and software and allows Waymo to modify components and customize them as per internal requirements. Additionally, the company remains immune to price fluctuations in the market.Through these developments, Waymo is already competing in the shared mobility sector but also has the potential to compete against other technology developers by licensing the technology to OEMs. Currently, Waymo has multiple partnerships across different segments, notably with FCA for hybrid Pacifica Vans, JLR for I-Pace SUVs, Volvo for L4 platform development, and Magna for developing chassis for future fleet.This report explores the autonomous technological capability of Waymo while understanding its strategy and comparing it with other participants present in the autonomous driving ecosystem. It also delves into Waymo’s various business models and the future potential of monetizing those business models.Furthermore, the report explains various strategic partnerships and how they will serve in progress towards industry dominance.
Read the full report: https://www.reportlinker.com/p05989279/?utm_source=GNW
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