Berg estimates a 71 million self driving cars by 2030

Market researcher Berg Insight estimates unit sales of Autonomous/Self Driving cars to grow by 62% CAGR from 2020 to 2030. By 2020, Berg Insight predicts 0.2 million Units sales of Autonomous/Self Driving cars and by 2030 it predicts a massive 24 million units sales. As per this forecast, one can expect a total number of 71 million Autonomous/self driving cars at the end of 2030 that also include SAE Level 3 and 4 cars. Below are the other market and technology insights shared by Berg Insight on this interesting market: Several automobile manufacturers have initiated projects to develop self-driving features in their cars. The incumbent automakers are joined by multiple new actors such as IT companies and other technology-oriented firms. Most incumbent automotive companies pursue an incremental approach with step-by-step roll-out of autonomous systems while startups and IT companies take a more revolutionary direction and aim at developing fully autonomous cars immediately from scratch. The advent of autonomous cars is expected to have a tremendous impact on our society in several ways. Cars are among the most costly as well as inefficiently used assets of today. When cars can operate around the clock on a service based business model it results in a tremendous increase of their utilization rate. Furthermore, autonomous cars will improve life quality for people unable ...