AUTONOMOUS VEHICLES
AV MARKET TO REACH US $ 196BN BY 2030
According to research by Strategic Market Research , the worldwide Autonomous Car Market ' s value in 2021 was worth US $ 25.14bn and , by 2030 , will reach US $ 196.97bn at a 25.7 % CAGR . North America came out on top of the overall market , with the highest market share of about 45 % in 2021 .
“ Self-driving vehicles are expected to generate unthinkable amounts of data that will have a profound impact on the markets for data centre storage and computation ,” said Jeff Johnston , lead communications economist with CoBank . “ And there ’ s an enormous chasm between the existing digital infrastructure and what is needed to support widespread adoption of self-driving vehicles .”
“ Governments are already working to build the necessary ecosystems and prepare citizens for the changes ahead ,” concludes MacPherson . “ In the UK , for example , the first autonomous bus scheme is rolling out and the government has just updated the highway code in preparation for autonomous vehicles . It is the back-end data infrastructure that forms the foundations for these technologies – with autonomous vehicles producing 300TB a year , optimised data management is mission critical .”
“ Building networks and ecosystems that can handle this data – as much as 40TB of data an hour from cameras , radar , and other sensors from driverless cars – will determine the success , the safety , and the experience of autonomous driving .”
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