Entrepreneurship and Leadership

Assignment: 01

Group Name:
Ali-Amer 01-132192-004

Hassaan Moiz 01-132192-014

Business Idea: Object Detection for Vehicles in Local Urban Traffic

Introduction:
The knowledge parities of developed and developing countries has widened the gap in all areas
exclusively technology. The deep learning based detection of objects of different classes has powered
a pathway for working in the area of Deep Learning based Object Detection for Vehicles in Local Urban
Traffic. The given project in the continuation of an attempt with the same theme based on contextual
gap. In the recent years, researchers have proposed multiple object detection techniques for vehicles
detection on datasets such as Kitti, Berkeley deep drive, oxford robot car dataset, nuScenes, Daimler
urban segmentation (DUS), and cityscapes, however, accurate detection of objects in self-driving
vehicles remains a challenge in real time environment with traffic on the roads. Although they had
advance technology still, we were able to achieve high accuracy by removing the misclassification
problem. A misclassification can cost a human life. Therefore, we have worked on detection of objects
such as pedestrian, cars and bicycles etc. for autonomous vehicles with high accuracy. Our Proposed
method is YOLOv8 which will be able to detect objects with high accuracy and less inference time. We
have used the Carl-D dataset for our local area. In hardware we have network cameras, mobile internet
device, motors, WIFI module. We have integrated it with the android app as well as with the web page.
We can control the cameras from the joystick. The system can be operated remotely.

Product/Services:
The Project Focus on developing a model and a system to detect local urban traffic using custom local
captured dataset. The Project has two main sections, namely the hardware and software sections. The
Software Section includes all the protocols for communications, website, app and DL vehicle
detection algorithms. While the hardware section includes; capturing video feed from a vehicular
mounted Camera on a rotatable stabilized platform, which streams the captured video over 4G
network using GSM protocols to the Command-and-control center, where the stream is processed and
objects are detected using DL techniques. Which is then viewed using websites, monitors and VR
Googles. The Platform controlled with a wireless joystick available in the center.

Market Analysis:
The market scope of object detection in vehicles is continuously expanding as advancements in sensor
technologies, artificial intelligence, and machine learning algorithms continue to drive innovation.
The increasing focus on safety, efficiency, and automation in transportation across industries further
boosts the demand for object detection solutions. The global Autonomous / Self-driving Cars Market
size is projected to grow from 20.3 million units in 2021 to 62.4 million units by 2030, at a CAGR of
13.3%. By 2025, the autonomous vehicle market will be worth some 400 billion U.S. dollars,
globally.
Figure: Global Self-Driving Car Market Size
and Forecast, 2015-2024 (US$ Billion)
Source: Variant Market
Research
In Pakistan we can have a good market scope due to several reasons:
Increasing Automotive Industry:

Pakistan's automotive industry is witnessing growth, with the presence of both domestic and
international manufacturers. As the industry advances, there is a rising demand for advanced safety
features, including object detection systems, to enhance vehicle safety and comply with global
standards.

Government Regulations and Safety Standards:

The Government of Pakistan has been actively working on improving road safety regulations and
standards. The implementation of safety measures, including object detection systems, is likely to be
encouraged and mandated in the future, creating a market opportunity for manufacturers and suppliers
of such technologies.

Growing Awareness of Safety:

There is a growing awareness among Pakistani consumers about the importance of vehicle safety. As
safety concerns increase, demand for vehicles equipped with advanced safety features, such as object
detection systems, is expected to rise. It's important to note that the pace of market growth and
adoption of object detection systems in vehicles depends on factors such as consumer awareness,
affordability, regulatory frameworks, and infrastructure development. However, given the increasing
emphasis on safety and the evolving automotive landscape in Pakistan, the future market scope for
object detection in vehicles appears promising.

Organizational Feasibility:
Leadership Skills and Management:
A department of management will be required with experienced people who will be responsible for
ensuring effective leadership, strategic direction, and organizational performance. They provide the
necessary guidance, support, and resources to drive the organization's success and achieve its mission
and vision.

Human Resource:
The HR department will be required for attracting, developing, and retaining a skilled and engaged
workforce. Their purpose will be to support the organization's overall goals and objectives by
managing human capital effectively and creating a positive work environment that fosters employee
productivity, satisfaction, and growth.

Expert Engineers Team:

An expert engineers team will be required who will not only work on the project but also
give training to newly hired engineers. They will tell that whether the certain project can be
delivered within the given timeline or not. Whether there team will be able to achieve the
project goals within the given budget.
Logistics Team:
The logistics will be required to ensure efficient and timely movement of goods, manage
inventory levels, and optimize supply chain operations. They are responsible for
coordinating transportation, warehousing, and distribution activities to meet customer
demands and minimize costs.
Financial Feasibility:
Cost Analysis of Product:

Item Quantity Cost (PKR)

2 2MP IP Camera(s) 4 36,000

3 Digital Wiring Kit 4 6,000

4 Network Router 1 15,000

5 Mid-Range Computer 1 50,000

6 Mobile Network Device 1 10,000

7 Structure 1 15,000

8 motor 1 4000

Total: 137,000

Financial Performance:
The global autonomous vehicle market size was estimated USD 126.19 billion in 2022 and is
is projected to hit around USD 1,808.44 billion by 2030, poised to grow at a compound
annual growth rate (CAGR) of 38.8% from 2021 to 2030. U.S. autonomous vehicle market
was valued at USD 36.4 billion in 2022.
In Pakistan the companies like Haval, MG, and Changan are working on the project of
autonomous vehicles. So if in all over the world if the global autonomous vehicle market size
is
Increasing and the companies like Tesla, Ford etc is getting maximum profit than we can
also have a good profit in Pakistan too. This project can also let us to provide services to the
companies in abroad which will also improve the economic condition of our country.

Financial Attraction:

In Pakistan the companies like Haval, MG, and Changan are working on the project of
autonomous vehicles. So this means the Pakistani dataset hadn’t been developed and many
of the traffic issues hadn’t been resolved for detection, so this gives us an opportunity to be
the first in market and definitely these companies will take the software’s from us. This
project can be installed on the locally made vehicles like Suzuki which will cost less to the
people as compare to buying imported vehicles.

Pakistani Car Manufacturing Companies: