|London/New York, February 6, 2020 – The market for autonomous vehicles (AVs) will grow significantly from 2018 through 2030. Fully automated cars are expected to contribute some 13.7 billion U.S. dollars by 2030. One in ten vehicles will be self-driving by then. This is part of the observations of Statista’s newest DossierPlus on autonomous vehicles highlighting the current state of the industry.
Clearly, the market growth depends on the speed of consumer acceptance and the manufacturers’ ability to scale up production. Many consumers see attacks from hackers as the main barrier to autonomous vehicle adoption: Almost four out of five consumers do not trust self-driving cars to provide enough vehicle security. More than 70 percent of consumers do not think driverless vehicle systems will be safe from hackers.
Robo-taxis expected to contribute some 1.2 trillion U.S. Dollars
With an estimated market size of 1,161 billion U.S. dollars robo-taxis are projected to become the top use case for driverless vehicles. As of today, businesses have already spent billions on related research and development activities to reap the enticing rewards of the robo-taxi market.