AUTONEWS

“Global robotaxi service expected to grow to $1 trillion by 2044” IDTechX

IDTechEx, a global market research institute, reports that the automotive sensor market will grow at an average annual rate of 13% over the next 10 years, according to the report ‘Autonomous Cars, Robotaxis and Sensors 2024-2044’. While showing a growth rate, the robotaxi market is expected to grow into a $1 trillion market by 2044.

Based on data from the past five years, IDTechX’s report forecasts the current and next 20 years for autonomous vehicle, robotaxi, and automotive sensor markets. The report was co-authored by Dr. James Jeff, who is in charge of various technologies such as autonomous driving, electric vehicles and sensors, and Dr. Xiaoshi, who is in charge of sensors, batteries, and electronic materials.

Dr. James Jeff recently predicted that the market value of electric vehicles in the construction sector will grow to $ 150 billion by 2043 through the report ‘Electric Vehicles in Construction 2023-2043’. Dr. Xiaoshi predicts that solid-state batteries will form a $8 billion market in 2033 through ‘Solid-State and Polymer Batteries 2023-2033: Technology, Forecasts, Players’. I also foresaw.

Based on an analysis of more than 4,000 vehicles, including more than 150 best-selling vehicles, which account for 29% of the global automotive market, this report presents trends in autonomous vehicles by SAE level, adoption rate of ADAS functions and sensors in vehicles sold, and robotaxi. of service and autonomous safety performance analysis, and market forecasts for robotaxi by major countries and continents.

Director Kim Jae-rin of IDTechX Korea said, “This report provides an understanding of the future changes in the automotive industry through sales of SAE level 3 cars, the time it will take for level 3 technology to become mainstream, and when level 4 technology will be adopted in the automobile industry. will provide,” he said.

Source: editor@itworld.kr