In 2016, Mckinsey forecast that the self-driving vehicle market could be worth USD 1.5 trillion in 2030.
A study, prepared by Strategy Analytics, predicts autonomous vehicles will create a massive economic opportunity that will scale from USD 800 billion in 2035 (the base year of the study) to USD 7 trillion by 2050.
Source: Strategy Analytics
The global autonomous vehicles market revenue is expected to grow at a CAGR of 39.6% during the forecast period 2017-2027 reaching USD 126.8 billion by 2027.
Source: PR Newswire