Global Passenger Economy Revenue

Global Passenger Economy Revenue
Global Passenger Economy Revenue

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


Market Disruption

Business Model and Practices

Business Model
and Practices


Transportation and Logistics


Date Last Updated

January 14, 2019

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