Proof Point
Global passenger economy forecasted by Strategy Analytics to reach $6.9 trillion by 2050, largely driven by autonomous vehicles in mobility-as-a-service offerings
Global Passenger Economy Revenue
2050F (US$ trillion and percentage)
Proof Point Findings
- Passenger Economy – Defined by Strategy Analytics as economic and societal value that will be generated by fully autonomous (SAE Level Five), pilotless vehicles
- Mobility-as-a-Service (MaaS) – New business model driving consumers and businesses to forego vehicle ownership due to more accessible transportation alternatives (e.g. peer-to-peer ride-sharing, network freight and long-haul delivery)
- Global Passenger Economy – Global revenue from passenger economy forecasted by Strategy Analytics to reach $6.9 trillion by 2050, driven by autonomous driving technology in both B2C and B2B sectors
- Consumer Mobility – Consumer use of MaaS offerings expected to account for 54% of global passenger economy revenue with $3.7 trillion in 2050, mostly due to mass adoption of ride-sharing models and personalized services
- B2B Mobility – Business MaaS revenue forecasted to reach $3 trillion (43%) in 2050, supported by adoption of long-haul autonomous truck deliveries in industrial, mining, agriculture and consumer goods industries, especially in developed markets
- Pilotless Vehicle Services – Emerging innovative applications of autonomous vehicles in various industries (e.g. medical, entertainment, and shopping activities) are expected to make up 3% of global passenger economy by 2050, at $200 billion
- Key Growth Drivers – Include increasing number of entrants of self-driving cars in market, rapidly improving autonomous vehicle technologies, easing government regulations to use driverless vehicles on public roads, continuous growth of collaborative and sharing economy, increasing accessibility of on-demand services, more efficient use of underutilized assets, and cheaper cost of accessing assets than ownership
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Accelerator |
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Market Disruption |
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Business Model and Practices Business Model |
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Sector |
Transportation and Logistics
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Source |
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Date Last Updated |
January 14, 2019
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