{"id":1268,"date":"2020-03-27T07:03:00","date_gmt":"2020-03-27T07:03:00","guid":{"rendered":"http:\/\/wordpress2.hdnweb.com\/2020\/03\/27\/increasing-acceptance-of-autonomous-vehicles-uncovers-multi-billion-dollar-opportunities-in-mobility-services\/"},"modified":"2020-03-27T07:03:00","modified_gmt":"2020-03-27T07:03:00","slug":"increasing-acceptance-of-autonomous-vehicles-uncovers-multi-billion-dollar-opportunities-in-mobility-services","status":"publish","type":"post","link":"https:\/\/wordpress2.hdnweb.com\/en\/2020\/03\/27\/increasing-acceptance-of-autonomous-vehicles-uncovers-multi-billion-dollar-opportunities-in-mobility-services\/","title":{"rendered":"Increasing Acceptance of Autonomous Vehicles Uncovers Multi-billion Dollar Opportunities in Mobility Services"},"content":{"rendered":"<p><\/p>\n<style type=\"text\/css\"><![CDATA[\n\/* Style Definitions *\/\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n]]><\/style>\n<div class=\"xn-content\">\n<p><b><i>Supported by innovative new business models, autonomous vehicle services market to cross <span class=\"xn-money\">$200 billion<\/span> by 2030, finds Frost &amp; Sullivan<\/i><\/b><\/p>\n<p><span class=\"xn-location\">SANTA CLARA, California<\/span>, <span class=\"xn-chron\">March 27, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0With autonomous vehicles (AVs) promising drastically reduced operating expenses and healthy profit margins, there has been a huge inflow of new entrants into the market for autonomous vehicle services. These companies are offering myriad services for AVs, employing innovative new business models that threaten the dominance of OEMs. A recent analysis by Frost &amp; Sullivan indicates that the autonomous vehicle services market is expected to grow from a mere <b><span class=\"xn-money\">$1.1 billion<\/span> in 2019 to <span class=\"xn-money\">$202.5 billion<\/span> in 2030 <\/b>at a CAGR of 60.1%, facilitated by mutually beneficial business models across the entire mobility value chain.<\/p>\n<p>Photo &#8211; <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2762357-1&amp;h=3726836051&amp;u=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1138295%2FFrost_and_Sullivan.jpg&amp;a=https%3A%2F%2Fmma.prnewswire.com%2Fmedia%2F1138295%2FFrost_and_Sullivan.jpg\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/1138295\/Frost_and_Sullivan.jpg<\/a> <\/p>\n<p>&#8220;For an autonomous technology to be viable, it needs to have a profitable and sustainable business model,&#8221; said <b><span class=\"xn-person\">Manish Menon<\/span>, <\/b>Mobility\u00a0Industry Analyst at Frost &amp; Sullivan. &#8220;The key challenge is to quickly evolve from the current sales and leasing business models to investing in the assets and capabilities that can support <b>NextGen solutions<\/b> in the autonomous mobility space and its associated services. This is especially pertinent for OEMs as revenues from vehicle sales and leasing will drastically decrease.&#8221;<\/p>\n<p>Frost &amp; Sullivan&#8217;s latest research,<b> Future Business Models of Autonomous Vehicle Services, 2030, <\/b>analyzes the emerging global market for autonomous vehicle services, assesses the new business models supporting these services, and provides detailed revenue forecasts through 2030.<\/p>\n<p><b>For further information on this analysis, please visit: <\/b>\u00a0<b><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2762357-1&amp;h=2707737981&amp;u=http%3A%2F%2Ffrost.ly%2F41b&amp;a=http%3A%2F%2Ffrost.ly%2F41b\" rel=\"nofollow\">http:\/\/frost.ly\/41b<\/a><\/b><\/p>\n<p>Of all the AV services clusters, <b>peripheral services<\/b> will roughly account for 55% of the market in 2030. The <b>mobility services<\/b> market is expected to grow from <span class=\"xn-money\">$0.01 million<\/span> in 2019 to <span class=\"xn-money\">$22.41 billion<\/span> in 2030, showcasing the most drastic cluster for expansion in the next decade. The <b>autonomous logistic services<\/b> market is also predicted to develop at a CAGR of 41.7% in the same time frame, driven by consumer demand for faster delivery.<\/p>\n<p>&#8220;Autonomous vehicles can be used to gather data about passengers that can be leveraged to optimize vehicle routing and demand generation,&#8221; noted <b><span class=\"xn-person\">Kamalesh Mohanarangam<\/span>, <\/b>Mobility Program Manager at Frost &amp; Sullivan<b>.<\/b> &#8220;Between 2020 and 2030, OEMs will begin consolidating the car data ecosystem, and vehicle usage data will become the new currency for value creation amongst B2B\/B2C entities.&#8221;<\/p>\n<p><b>OEMs and service providers operating in this sector can also explore the opportunities in:<\/b><\/p>\n<ul type=\"disc\">\n<li><b>Realigning business models<\/b> along the lines of internet and software companies for better implementation of subscription or pay-as-you-go models. <\/li>\n<li><b>Mining shared data<\/b> from OEMs and data aggregators to create new service offerings, analyze efficient vehicle routing, and ensure optimal fleet utilization. <\/li>\n<li><b>Collaborating with governments<\/b> to integrate planned rapid transport systems with autonomous taxi and shuttle services. <\/li>\n<li><b>Partnering and investing in AD technology<\/b> companies to optimize the movement of goods within the supply chain ecosystem. <\/li>\n<li><b>Integrating real-time data tracking systems<\/b> to enable value-added, in-vehicle, on-demand services suited to passenger preferences.<\/li>\n<\/ul>\n<p><b>Future Business Models of Autonomous Vehicle Services, 2030 <\/b>is a part of Frost &amp; Sullivan&#8217;s <b>Automotive and Transportation <\/b>Growth Partnership Service program, which helps organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future.<\/p>\n<p><b>About Frost &amp; Sullivan<\/b><\/p>\n<p>For over five decades, Frost &amp; Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. <u><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2762357-1&amp;h=3362965703&amp;u=https%3A%2F%2Fww2.frost.com%2Fcontact-us%2F&amp;a=Contact+us%3A+Start+the+discussion.\" rel=\"nofollow\">Contact us: Start the discussion.<\/a><\/u><\/p>\n<p class=\"prntac\"><b>Future Business Models of Autonomous Vehicle Services, 2030<br \/><\/b><b>MEDD-18<\/b><\/p>\n<p><b>Contact:<br \/><\/b><span class=\"xn-person\">Francesca Valente<\/span><br \/>Global Corporate Communications Director<br \/>P: +1 210 348 10 12<br \/>E: <a target=\"_blank\" href=\"mailto:Francesca.Valente@frost.com\" rel=\"nofollow\">Francesca.Valente@frost.com<\/a><br \/><a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2762357-1&amp;h=3671201767&amp;u=http%3A%2F%2Fww2.frost.com%2F&amp;a=http%3A%2F%2Fww2.frost.com\" rel=\"nofollow\">http:\/\/ww2.frost.com<\/a><\/p>\n<\/div>\n<p> <\/p>","protected":false},"excerpt":{"rendered":"<div class=\"xn-content\">\n<p><b><i>Supported by innovative new business models, autonomous vehicle services market to cross <span class=\"xn-money\">$200 billion<\/span> by 2030, finds Frost &amp; Sullivan<\/i><\/b><\/p>\n<p><span class=\"xn-location\">SANTA CLARA, California<\/span>, <span class=\"xn-chron\">March 27, 2020<\/span> \/PRNewswire\/ &#8212;\u00a0With autonomous vehicles (AVs) promising drastically reduced operating expenses and healthy profit margins, there has been a huge inflow of new entrants into the market for autonomous vehicle services. These companies are offering myriad services for AVs,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[18],"tags":[],"class_list":["post-1268","post","type-post","status-publish","format-standard","hentry","category-hispanicmotorpress"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Increasing Acceptance of Autonomous Vehicles Uncovers Multi-billion Dollar Opportunities in Mobility Services - Multisitio 2<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wordpress2.hdnweb.com\/en\/2020\/03\/27\/increasing-acceptance-of-autonomous-vehicles-uncovers-multi-billion-dollar-opportunities-in-mobility-services\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Increasing Acceptance of Autonomous Vehicles Uncovers Multi-billion Dollar Opportunities in Mobility Services - Multisitio 2\" \/>\n<meta property=\"og:description\" content=\"Supported by innovative new business models, autonomous vehicle services market to cross $200 billion by 2030, finds Frost &amp; Sullivan  SANTA CLARA, California, March 27, 2020 \/PRNewswire\/ --\u00a0With autonomous vehicles (AVs) promising drastically reduced operating expenses and healthy profit margins, there has been a huge inflow of new entrants into the market for autonomous vehicle services. 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