What is the projected market size for autonomous ride-hailing in the US?

Bank of America estimates the US market for autonomous ride-hailing to be over $1 trillion.

How much could Uber's mobility bookings grow with autonomous vehicles?

Uber's U.S. mobility bookings could grow at a long-term CAGR of 13% to 20% with AVs.

When might autonomous vehicles capture a significant portion of US vehicle miles traveled?

AV ride-hailing could expand to 20% of annual US vehicle miles traveled over the next 15 years.

Home / Business and Economy / Driverless Cars: A $1 Trillion Ride Awaits

Driverless Cars: A $1 Trillion Ride Awaits

14 Dec

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Summary

Autonomous ride-hailing could unlock a $1 trillion US market opportunity.
AVs might expand to 20% of annual US vehicle miles traveled in 15 years.
Uber could see 13-20% long-term mobility bookings growth with AVs.

Driverless Cars: A $1 Trillion Ride Awaits

Autonomous vehicles are poised to revolutionize the U.S. transportation sector, with Bank of America projecting a staggering $1 trillion-plus market for driverless ride-hailing services. This seismic shift could redefine competition and profitability for major mobility players.

Analysts estimate that autonomous ride-hailing could account for 20% of annual U.S. vehicle miles traveled within the next 15 years. This expansion hinges on reducing per-mile costs to levels comparable with private car ownership.

Even with new entrants, companies like Uber stand to benefit significantly, with projections suggesting long-term mobility booking growth between 13% and 20%. Viable economics and growing demand for AVs suggest a substantial opportunity for both riders and platforms.

This story has been auto-aggregated and auto-summarised by a computer program. This story has not been edited or created by the Feedzop team.