Continental Projects Autonomous Cars to Quadruple Vehicle Software Revenues to $1.2 Trillion by 2030

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Continental Projects Autonomous Cars to Quadruple Vehicle Software Revenues to $1.2 Trillion by 2030

Apr 10, 2019

"With vehicle software generating annual revenues of US$280 billion a year currently, going up to US$1.2 trillion by 2030 sounds like a reasonable projection. The lack of software development skills at traditional OEMs and its suppliers makes technology companies outside the automotive industry well placed to realize the opportunity. Although, this would mean having to drop conventional mindsets that have long dominated automakers and suppliers." - Vinay Piparsania

(Source: Reuters)

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