Autonomous Driving to Propel $7 Trillion Economy by 2050, Intel/SA Report
Autonomous driving will spur a goods and services economy worth $7 trillion by 2050, up from $800 billion in 2035, Intel/Strategy Analytics reported Thursday. The idle time when drivers become passengers will create new business opportunities, said Intel, and mobility-as-a-service…
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will “disrupt long-held patterns" involving cars, said Intel. “Companies should start thinking about their autonomous strategy now,” said Intel CEO Brian Krzanich in a statement in which he compared opportunities from the “passenger economy” with digital business models ushered in by personal computing, the internet, ubiquitous connectivity and smartphones. Business-to-business will experience the first wave of change in the autonomous driving age, said SA researcher Harvey Cohen. Media companies and content producers are expected to develop custom content formats to match short and long travel times, and advertising will become more location-based and relevant, the study said.