Intel sees autonomous technology as a $7 trillion savings automotive sector image

Every major automaker or technology company is looking to grab a piece of the transforming mobility reality – reshaped by four large trends that will come to unite: electrification, connected, car-sharing and autonomous.

These are all in some way mixed in and as development and progress hastens, they will be even more intertwined up to one point when they will become one and form the future of mobility, one that is apparently revolutionary. So far, the most complex of them all – and we could argue that by the fact that it’s not yet common reality like the other three – is the self-driving technology. But it’s not going to take long before it becomes the norm – virtually all automakers, their suppliers as well as a myriad of technology (hardware and software) companies are fully involved.

According to Intel’s Strategy Analytics study, once lawmakers come to an agreement about autonomous cars, everyone will have them or disappear into oblivion. More so, the study postulates that “autonomous technology will enable a Passenger Economy worth $7 trillion in 2050.” And these are indirect savings for consumers and businesses – thanks to free time from not driving as well as productivity and cost saving increases. Intel also sees increased overall traffic, but with better consumer commuting time – 250 million hours a year, to be more precise.