The 'Passenger Economy' is projected to experience significant growth, expanding from $800 billion in 2035 to a staggering $7 trillion by 2050. This growth is driven by three main sectors: consumer on-demand transportation, commercial driverless delivery and business logistics, and new-use cases in healthcare, hospitality, and service delivery. The consumer sector is expected to lead with $3.7 trillion, highlighting the increasing demand for on-demand transportation solutions. The commercial sector follows closely with $3 trillion, emphasizing the shift towards driverless delivery and logistics. New-use cases, although smaller at $203 billion, represent innovative applications in various industries, showcasing the potential for autonomous technology to revolutionize service delivery. This economic transformation underscores the vast opportunities and challenges that lie ahead as society adapts to a future where autonomous vehicles play a central role in daily life.
