The next decade is expected to be a rocket ship ride for the driverless vehicle market, with total revenues projected to rise from $87.2 billion in 2024 to $991.7 billion by 2033, representing a compound annual growth rate of 4.7%, according to Research & Markets.
“The autonomous vehicle business is being driven ahead by several causes, including public acceptance of AI-driven systems, government laws, environmental concerns, growing traffic congestion, technological developments, and the growing need for safety, efficiency, and convenience,” R & M reports.
