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Report: Autonomous vehicle market to reach $42 billion by 2025

The autonomous vehicle market is expected to continue rising at a rapid pace.

Published Tue, Jan 13 2015 12:43 AM CST   |   Updated Tue, Jun 16 2020 4:29 PM CDT

Autonomous vehicles could begin to see wider rollout on American roads and highways by 2017, with an estimated market valued at $42 billion by 2025, according to the Boston Consulting Group.

Report: Autonomous vehicle market to reach $42 billion by 2025 | TweakTown.com

It's possible an automaker will introduce a self-driving model in the next five years, according to Ford CEO Mark Fields at the CES 2015 last week.

"Many people don't realize how far along some of these technologies are," said Savier Mosquet, from the Boston Consulting Group. "Even more surprising, consumer interest and the production costs will make autonomous vehicles highly attractive to both carmakers and their customers."

Automakers are receiving a hardware and software boost from the computer industry - helping provide next-generation offerings to help make autonomous vehicles safer.

NEWS SOURCES:autonews.com, wired.com

An experienced tech journalist and marketing specialist, Michael joins TweakTown looking to cover everything from consumer electronics to enterprise cloud technology. A former Staff Writer at DailyTech, Michael is now the West Coast News Editor and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

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