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Software Will be Biggest Revenue Driver in 2030 Autonomous Vehicle Ecosystem
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Software Will be Biggest Revenue Driver in 2030 Autonomous Vehicle Ecosystem
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Software Will be Biggest Revenue Driver in 2030 Autonomous Vehicle Ecosystem
Software will be the biggest autonomous vehicle value chain winner, with $25 billion in revenues in 2030, a 28 percent compound annual growth rate, according to Lux Research. By that point it is possible autonomous vehicle ecosystem revenues could reach $87 billion.
Optical cameras and radar sensors will amount to $8.7 billion and $5.9 billion opportunities in 2020, respectively. By perhaps 2030 computers will be biggest hardware opportunity on-board autonomous cars, amounting to a $13 billion opportunity.
Ironically, some industries will be severely disrupted. Uber drivers, for example, will be replaced by autonomous vehicles. Auto sales should decline, as more people forego car ownership.
And insurance sales volume could drop as much as 80 percent, according to KPMG and Deloitte.
source: Business Insider
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