Summary of Autonomous Driving

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Autonomous Driving summary
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Rating

8 Overall

9 Importance

8 Innovation

8 Style


Recommendation

In the not-so-distant future, your car will navigate the roads, drop you at your destination and then park itself. Many people will even forgo private ownership in favor of “mobility-on-demand” services. Unproductive commutes, pollution and accidents should all decrease dramatically. However, while “autonomous driving” offers a wealth of money-making opportunities, the automotive industry needs to plan strategically in order to capitalize on the opportunities in the coming years. This is the advice of the consultants at Roland Berger, a German global consultancy firm. getAbstract recommends their report to auto industry players, technology enthusiasts and daily drivers who want to know what’s ahead.

In this summary, you will learn

  • How much the “autonomous driving” market could be worth by 2030,
  • What automotive industry front-runners must do to stay in the lead and 
  • How suppliers can leverage their competencies to stay relevant.
 

About the Authors

Founded in Germany in 1967, Roland Berger Strategy Consultants now has 50 offices worldwide, with 2,400 employees in 36 countries.

 

Summary

By 2030, the “autonomous driving” industry will be worth between $40 billion and $60 billion. Existing automotive manufacturers and suppliers are in a good position to dominate the hardware portion of the market, which will be worth $30 billion to $40 billion of the predicted revenue. Technology companies, however, are poised to take the lead in providing the vital software-based components, such as “high-accuracy mapping” and “prediction and decision-making algorithms.” Software provision might prove to be a springboard for future supremacy over the transportation sector. Original equipment manufacturers (OEMs) and suppliers still have a chance to join the software race – but only if they act fast.


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