$102 BIL ROBOT CAR MRKT BY 2030

The $102 Billion Opportunity for Automation in Cars

Sensors, software and apps will benefit from greater automation of cars, even as full ‘self-driving’ capabilities remain mostly over the horizon through 2030, says Lux Research

April 28, 2015 (Lux Research)

“Advanced driver-assist systems (ADAS) will have a $102 billion opportunity by 2030, up from a mere $2.4 billion today, as carmakers rush to add automation features…Sensors will account for 23% of the opportunity, while the connectivity and apps segment takes a higher 28% share; software to coordinate sensor fusion and enable critical safety operations will claim a 25% share…Cars with basic driver- assist features, like parking assist, will cash in early, with a potential $29.6 billion market by 2022…[Enhanced] features such as adaptive cruise control and lane merge offers the largest opportunity to automakers and tier-one manufacturers – worth $73 billion in 2030…Partial autonomy features – like self-driving on the highway – will be slow to roll out over the next 10 years, before growing to a $22.7 billion opportunity by 2030. In the most likely case, fully autonomous cars will not hit the market before 2030, largely because of regulations and a current lack of prototypes…Enhanced driver-assist features will add $527 to the price of new cars in 2020, and a lower $481 per car in 2030…” click here for more

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