Is Aptiv the ultimate driverless vehicle investment?
The age of driverless vehicles is not far away. This exciting US tech company is providing autonomous software to all of the world’s largest car companies and already has a fleet of driverless taxis available in Las Vegas. Surely that makes it the ultimate stock for access to a market which is expected to be worth $557bn by 2026.
Nothing characterises our expectations of a high-tech future quite like autonomous vehicles: clean, carbon-free cars navigating busy streets with the type of pace and efficiency that modern city commuters can only dream of. But driverless vehicles are not a distant dream; they are at the heart of a very real market which is expected to grow from $54.2bn (£43.5bn) in 2019 to $557bn by 2026 – a compound annual growth rate of 39.5%.
Driverless vehicles are being tested in various forms all around the world. They have long been employed by farms and mines, are being pilot tested for local delivery…
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