Cars learning to replace humans creates a $250 billion market by 2025
TweetFollow Us on Twitter

Cars learning to replace humans creates a $250 billion market by 2025

Deep learning machines are taking over a large portion of drivers' automotive tasks and will completely take over driving in 10 years, according to a recently published report by IoT [Internet of Things] market research firm ON World (www.onworld.com).

"The connected car is experiencing exponential technological advancements and enormous investment over the past three years," says Mareca Hatler, ON World's research director.  "This accelerated growth can be seen in the patents granted, favorable government regulations and the videos of Tesla cars driving their occupants to work while they shave.”

Over the past two years alone, $40 billion has been invested in connected car-related companies and associated technologies.  That staggering amount is targeting IoT technologies such as machine learning, 3D mapping, sensor processing, image processing, cloud-based services, data analytics, advanced LAN/WAN/CAN networks, smart device integration, car apps and others.  The key point is that the connected car is the largest developer opportunity since 2007 and the iPhone.

ON World's analysis of 2,300 patents found that advanced driver assistance (ADAS) and autonomous driving make up the largest percentage of connected car awarded patents.  ON World's 2017 survey with 90 IoT professionals found that two-thirds believe that connected car services will be widespread in 10 years.  Over half believe that autonomous driving and car/ride-sharing will be widespread by this time.  Another survey conducted by ON World in March 2017 with 1,000 consumers found that 3 in 10 will pay $10 or more per month for connected car services such as roadside assistance, collision avoidance and diagnostics. 

By 2025, there will be 300 million connected cars up from 37 million in 2016.  Annual revenues for connected car equipment and associated services will surpass $250 billion by this time.

ON Word's recently published report, "Connected Car Markets," is based on 1,100 interviews and surveys as well as an in-depth intellectual property evaluation.  It investigates the global market opportunity for connected car systems and services with six-year market size forecasts for Roadside services, Diagnostics, Infotainment, Navigation, ADAS and Car/Ride-sharing; the results of two 2017 surveys, 2,300 analyzed patents; the value system and profiles for 70-plus connected car companies. 

 

Community Search:
MacTech Search:

Software Updates via MacUpdate

Latest Forum Discussions

See All

Combo Quest (Games)
Combo Quest 1.0 Device: iOS Universal Category: Games Price: $.99, Version: 1.0 (iTunes) Description: Combo Quest is an epic, time tap role-playing adventure. In this unique masterpiece, you are a knight on a heroic quest to retrieve... | Read more »
Hero Emblems (Games)
Hero Emblems 1.0 Device: iOS Universal Category: Games Price: $2.99, Version: 1.0 (iTunes) Description: ** 25% OFF for a limited time to celebrate the release ** ** Note for iPhone 6 user: If it doesn't run fullscreen on your device... | Read more »
Puzzle Blitz (Games)
Puzzle Blitz 1.0 Device: iOS Universal Category: Games Price: $1.99, Version: 1.0 (iTunes) Description: Puzzle Blitz is a frantic puzzle solving race against the clock! Solve as many puzzles as you can, before time runs out! You have... | Read more »
Sky Patrol (Games)
Sky Patrol 1.0.1 Device: iOS Universal Category: Games Price: $1.99, Version: 1.0.1 (iTunes) Description: 'Strategic Twist On The Classic Shooter Genre' - Indie Game Mag... | Read more »
The Princess Bride - The Official Game...
The Princess Bride - The Official Game 1.1 Device: iOS Universal Category: Games Price: $3.99, Version: 1.1 (iTunes) Description: An epic game based on the beloved classic movie? Inconceivable! Play the world of The Princess Bride... | Read more »
Frozen Synapse (Games)
Frozen Synapse 1.0 Device: iOS iPhone Category: Games Price: $2.99, Version: 1.0 (iTunes) Description: Frozen Synapse is a multi-award-winning tactical game. (Full cross-play with desktop and tablet versions) 9/10 Edge 9/10 Eurogamer... | Read more »
Space Marshals (Games)
Space Marshals 1.0.1 Device: iOS Universal Category: Games Price: $4.99, Version: 1.0.1 (iTunes) Description: ### IMPORTANT ### Please note that iPhone 4 is not supported. Space Marshals is a Sci-fi Wild West adventure taking place... | Read more »
Battle Slimes (Games)
Battle Slimes 1.0 Device: iOS Universal Category: Games Price: $1.99, Version: 1.0 (iTunes) Description: BATTLE SLIMES is a fun local multiplayer game. Control speedy & bouncy slime blobs as you compete with friends and family.... | Read more »
Spectrum - 3D Avenue (Games)
Spectrum - 3D Avenue 1.0 Device: iOS Universal Category: Games Price: $2.99, Version: 1.0 (iTunes) Description: "Spectrum is a pretty cool take on twitchy/reaction-based gameplay with enough complexity and style to stand out from the... | Read more »
Drop Wizard (Games)
Drop Wizard 1.0 Device: iOS Universal Category: Games Price: $1.99, Version: 1.0 (iTunes) Description: Bring back the joy of arcade games! Drop Wizard is an action arcade game where you play as Teo, a wizard on a quest to save his... | Read more »

Price Scanner via MacPrices.net

Apple’s M4 Mac minis on sale for record-low p...
B&H Photo has M4 and M4 Pro Mac minis in stock and on sale right now for up to $150 off Apple’s MSRP, each including free 1-2 day shipping to most US addresses. Prices start at only $469: – M4... Read more
Deal Alert! Mac Studio with M4 Max CPU on sal...
B&H Photo has the standard-configuration Mac Studio model with Apple’s M4 Max CPU in stock today and on sale for $300 off MSRP, now $1699 (10-Core CPU and 32GB RAM/512GB SSD). B&H also... Read more

Jobs Board

All contents are Copyright 1984-2011 by Xplain Corporation. All rights reserved. Theme designed by Icreon.