Articles : 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.
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