. “Adoption of vehicles with partial to full automation is likely to accelerate, creating a $200 billion opportunity for automakers, hardware and software companies in the next five years. Key Takeaways. Adoption of vehicles with partial to full automation could create a $200 billion market by 2030. Revenue streams may come from different sources, including sales of vehicles and their components, software and subscriptions. The pace of adoption will depend on whether global automakers and emerging markets suppliers compete or cooperate to lower costs. Global automakers and legislators in major economies are ramping up efforts on autonomous vehicles to avoid losing ground to China. The auto industry is nearing a new inflection point that may expand its market and change the nature of the business: Artificial intelligence is enhancing user experience, improving safety and lowering costs. Adoption of vehicles with partial to full automation is poised to accelerate in developed markets, jumping from 8% in 2024 to 28% by 2030, according to Morgan Stanley Research forecasts.”
Morten W. Larsen
