Exponential growth: Goldman Sachs says the market for advanced driver assistance systems and autonomous vehicles will grow from about US$3bil (RM11.9bil) last year to US$96bil (RM381.5bil) in 2025 .
DETROIT/SAN FRANCISCO: Concerns raised by the first reported fatality in a semi-automated car were expected to speed adoption of more sensitive technology to help vehicles see and drive themselves safely, increasing demand on the emerging autonomous vehicle technology industry, investors and analysts said.
Goldman Sachs forecasts the market for advanced driver assistance systems and autonomous vehicles will grow from about US$3bil (RM11.9bil) last year to US$96bil (RM381.5bil) in 2025 and US$290bil (RM1.1tril) in 2035. More than half of that revenue in 20 years, Goldman estimates, will come from radar, cameras and lidar, a sensor that uses laser – all tools considered essential to building vehicles that can pilot themselves.
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