The $5 Trillion Mobility Market
March 06, 2017 at 4:05 AM
The market for advanced mobility goods and services will total at least $5 trillion over the next 10 years, says Andreas Mai, a mobility consultant and former director of Smart Connected Vehicles at Cisco Systems Inc.
Mai's estimate is based on five emerging markets: advanced driver assist features, intelligent transportation systems, mobility services, connected vehicles and self-driving cars. He describes the calculation as conservative in terms of impact and the number of vehicles involved. Even a 1% increase in those categories would hike the overall value of advanced mobility by 33%.