According to the report, the market for personally owned vehicles is significantly larger, leading to a greater opportunity for Level 4 vehicles. (Image source: Adobe Stock)
Autonomous vehicle market is expected to be a US$50bn opportunity by 2040, and all vehicles will have Level 2 autonomy by 2039, according to Lux Research?s report ?Autonomous Vehicle Market Forecast: Demystifying the $50 Billion Opportunity?