Morgan Stanley Predicts $200 Billion Self-Driving Car Market by 2030

Morgan Stanley Sees $200B Market For Self-Driving Cars by 2030

Morgan Stanley analysts forecast that the market for self-driving vehicles will hit $200 billion by 2030. Analysts Adam Jonas and Tim Hsiao say sales of autonomous cars with Level 2 and above autonomy will jump to 28% of unit sales by 2030 from 8% in 2024. But the analysts warn of China's advantage, writing: "An outsized EV user base and tech deflation have given China an early edge, but dominance of AI computing power and data are advantages that Silicon Valley firms and Germany's Big Three can use to boost their positions." Bloomberg News Auto Reporter Keith Naughton joins Bloomberg Businessweek to discuss. (Source: Bloomberg)

Self-Driving Cars Could Be $200 Billion Market By 2030, Says Morgan Stanley - Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL)

Investment bank Morgan Stanley MS has published a report predicting a $200 billion market for self-driving cars by the year 2030. What Happened: Analyst Adam Jonas and Tim Hsiao shared in the report that adoption for autonomous vehicles will take off in the near future with the growth of AI and comprise 28% of unit sales by 2030, Bloomberg reported on Monday. The report outlined 5 levels of autonomous driving for vehicles and predicts that smart driving would generate over $300-$400 billion in revenue for companies by 2035. However, the report also spoke about China's dominance in the all-electric mobility sector, writing that "An outsized EV user base and tech deflation have given China an early edge." The report also added that Silicon Valley's "dominance of AI computing power and data" is an advantage for tech companies as well as the German big three automakers. Why It Matters: The news comes in as autonomous driving in the U.S. could face stricter regulations from the government after President Donald Trump's nominee for the NHTSA, Jonathan Morrison, called for tougher oversight on the sector. Autonomous driving has seen growth in the U.S. as Uber Technologies Inc. UBER partnered up with Alphabet Inc.'s GOOGL GOOG Waymo to expand its services in Atlanta. Elsewhere, Tesla Inc. TSLA has shared plans to expand into cities like Phoenix and the San Francisco Bay Area, in pursuit of Elon Musk's ambitious plan to serve over half the population of the U.S. with Tesla robotaxis by the end of the year. Check out more of Benzinga's Future Of Mobility coverage by following this link. Read Next: Elon Musk's Tesla Recorded 'One Crash' Every 6.69 Million Miles Driven, EV Maker Says Ahead Of Q2 Earnings Photo courtesy: Shutterstock GOOGAlphabet Inc$193.35-0.04%Stock Score Locked: Want to See it? Benzinga Rankings give you vital metrics on any stock - anytime. Reveal Full ScoreEdge RankingsMomentum56.52Growth66.66Quality82.29Value51.88Price TrendShortMediumLongOverviewGOOGLAlphabet Inc$192.34-0.12%MSMorgan Stanley$143.000.31%TSLATesla Inc$326.190.18%UBERUber Technologies Inc$89.70-0.99%Market News and Data brought to you by Benzinga APIs