Increasing Acceptance of Autonomous Vehicles Uncovers Multi-billion Dollar Opportunities in Mobility Services

Supported by innovative new business models, autonomous vehicle services market to cross $200 billion by 2030

Finds Frost & Sullivan With autonomous vehicles (AVs) promising drastically reduced operating expenses and healthy profit margins, there has been a huge inflow of new entrants into the market for autonomous vehicle services. These companies are offering myriad services for AVs, employing innovative new business models that threaten the dominance of OEMs. A recent analysis by Frost & Sullivan indicates that the autonomous vehicle services market is expected to grow from a mere $1.1 billion in 2019 to $202.5 billion in 2030 at a CAGR of 60.1%, facilitated by mutually beneficial business models across the entire mobility value chain.

Autonomous vehicles business models

“For an autonomous technology to be viable, it needs to have a profitable and sustainable business model,” said Manish Menon, Mobility Industry Analyst at Frost & Sullivan. “The key challenge is to quickly evolve from the current sales and leasing business models to investing in the assets and capabilities that can support NextGen solutions in the autonomous mobility space and its associated services. This is especially pertinent for OEMs as revenues from vehicle sales and leasing will drastically decrease.”

Frost & Sullivan’s latest research, Future Business Models of Autonomous Vehicle Services, 2030, analyzes the emerging global market for autonomous vehicle services, assesses the new business models supporting these services, and provides detailed revenue forecasts through 2030.

For further information on this analysis, please visit:  http://frost.ly/41b

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