The $5 Trillion Mobility Market

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The market for advanced mobility goods and services will total at least $5 trillion over the next 10 years, says Andreas Mai, a mobility consultant and former director of Smart Connected Vehicles at Cisco Systems Inc.

Mai's estimate is based on five emerging markets: advanced driver assist features, intelligent transportation systems, mobility services, connected vehicles and self-driving cars.

Mai describes his calculations as conservative in terms of impact and the number of vehicles involved. He estimates even a 1% increase in those categories would hike the overall value of advanced mobility by 33%.