$IDGC/ Self-driving Cars an $87 Billion Opportunit
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Posted On: 03/15/2017 11:31:58 AM
$IDGC/ Self-driving Cars an $87 Billion Opportunity in 2030, Though None Reach Full Autonomy.
92% of autonomous vehicles will have only simple driver-assist features like adaptive cruise control; software developers will benefit most, Lux Research says. Carmakers and technology developers building self-driving cars will create an $87 billion opportunity in 2030, with software emerging as the biggest winner, even though a fully autonomous driverless car will remain elusive, according to Lux Research.
http://www.idglobal-corp.com/strategic-initiatives.html
“Today the autonomous vehicle value chain is already starting to take root, and it involves many players new to the industry,” said Cosmin Laslau, Lux Research Analyst and the lead author of the report titled, “Set Autopilot for Profits: Capitalizing on the $87 Billion Self-driving Car Opportunity.”
Lux Research analysts evaluated the technologies that shape the self-driving car. Among their findings:
China will overtake U.S. and Europe. The opportunity in autonomous vehicles will initially be led by the United States and Europe, but China will grow rapidly to claim a 35% share of the 120 million cars sold in 2030, accounting for revenues of $24 billion, against $21 billion for the U.S. market and $20 billion for Europe.
Software will be competitive differentiator. The software opportunity in autonomous cars will grow rapidly from $0.5 billion today to $10 billion in 2020 and $25 billion in 2030, offering software powerhouses such as Google and IBM a lucrative opportunity. For automakers, varying software will be a key competitive differentiator as well as a crucial safety tool.
About Lux Research
Lux Research provides strategic advice and ongoing intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients. See more at:
http://www.luxresearchinc.com/news-and-events...none-reach
92% of autonomous vehicles will have only simple driver-assist features like adaptive cruise control; software developers will benefit most, Lux Research says. Carmakers and technology developers building self-driving cars will create an $87 billion opportunity in 2030, with software emerging as the biggest winner, even though a fully autonomous driverless car will remain elusive, according to Lux Research.
http://www.idglobal-corp.com/strategic-initiatives.html
“Today the autonomous vehicle value chain is already starting to take root, and it involves many players new to the industry,” said Cosmin Laslau, Lux Research Analyst and the lead author of the report titled, “Set Autopilot for Profits: Capitalizing on the $87 Billion Self-driving Car Opportunity.”
Lux Research analysts evaluated the technologies that shape the self-driving car. Among their findings:
China will overtake U.S. and Europe. The opportunity in autonomous vehicles will initially be led by the United States and Europe, but China will grow rapidly to claim a 35% share of the 120 million cars sold in 2030, accounting for revenues of $24 billion, against $21 billion for the U.S. market and $20 billion for Europe.
Software will be competitive differentiator. The software opportunity in autonomous cars will grow rapidly from $0.5 billion today to $10 billion in 2020 and $25 billion in 2030, offering software powerhouses such as Google and IBM a lucrative opportunity. For automakers, varying software will be a key competitive differentiator as well as a crucial safety tool.
About Lux Research
Lux Research provides strategic advice and ongoing intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients. See more at:
http://www.luxresearchinc.com/news-and-events...none-reach
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