How will autonomous vehicles reshape the automotive industry?.

Autonomous vehicles (AVs) are expected to drastically reshape the automotive industry by 2025 through advancements in technology, safety, and consumer demand. These vehicles utilize AI, sensors, and cameras to navigate without human intervention, promising a future of enhanced road safety, reduced traffic congestion, and lower emissions. The integration of AVs will lead to shifts in manufacturing, regulations, and consumer behavior, as well as the emergence of new business models like ride-sharing and mobility as a service (MaaS). Manufacturers and tech companies are investing heavily in AV research, with projections indicating a potential market size of $557 billion by 2026, signaling a robust growth trajectory.