Boston Consulting Group found in a recent study that new auto safety technology could save 10,000 lives and $251 billion, reported Bloomberg Business.
There are over 1.2 million deaths from traffic accidents worldwide every year, and 94 percent of those accidents involve human error, according to Google.
Xavier Mosquet, leader of Boston Consulting's automotive practice in North America, said that most crashes in the U.S. are caused by "driver error and the lack of American adoption of these technologies."
To help save lives, engineers from a variety of companies are designing automatic braking and sensors to keep cars in their lanes and prevent road deaths. Google's self-driving cars, for instance, are designed to "detect objects as far as two football fields away in all directions, including pedestrians, cyclists and vehicles."
The life saving driver-assist technology includes collision warning, automatic braking, adaptive cruise control (to keep a safe distance from cars ahead), blind-spot detection sensors and night vision, Google notes. The driver assist systems have lane-departure warnings and even technology that steers a vehicle back into its lane. The autonomous cars are also designed to follow the rules of the road, reported The Wall Street Journal.
The vehicle is able to identify people, cars and any obstacle on the road thanks to a series of cameras and lasers, according to ABC News. It has also driven over 1 million miles across the world.
Other companies that are working on self-driving technology include Apple, Uber and Tesla.