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Revenue - automotive industry worldwide 2017-2030

It is projected that the global automotive industry will grow to just under nine trillion U.S. dollars by 2030. It is anticipated that new vehicle sales will account for about 38 percent of this value.

Automation and electrification drive market disruption

Automotive technology will change considerably in the next decade. One in five new car sales globally are expected to be battery electric vehicles, and millions of new self-driving cars will be added to the world’s fleet.

New opportunities in the supplier segment

Technological advancements begin to affect the type of parts that are required to complete the finished product. This allows for further segmentation in the auto supplier industry, particularly of electrical components. The biggest changes to the automotive industry currently are automation and electrification. As autonomous and electric vehicles take over the market, other industries will boom in demand such as automotive semiconductors. China will likely lead in the development of driverless and battery electric technology.

Global automotive industry revenue between 2017 and 2030

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Sources

Release date

June 2019

Region

Worldwide

Survey time period

2017

Supplementary notes

The 2030 figure is a projection

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Statistics on "Autonomous vehicles worldwide"

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