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In the News

April 12, 2022

Self-driving Cars Only a Fraction of Projected $1-trillion Global Autonomous Technology Market

The global market for terrestrial autonomous mobile systems alone is projected to climb to an estimated $802 billion by 2025-26, according to a joint study conducted by TEConomy Partners LLC in partnership with the Regional Industrial Development Corporation of Southwestern Pennsylvania (RIDC) and the Greater Pittsburgh Chamber of Commerce with funding from the Richard King Mellon Foundation.

When adding aerial, marine, and defense autonomous systems to capture the broader autonomous mobile systems market space context, that number can easily reach $1 trillion.

The scope of autonomous technology — robotics, artificial intelligence, autonomous vehicles and other related fields — is much larger, and much broader than that, and Pittsburgh is a showcase of the industry’s diversity. Today, the Pittsburgh region is home to over 100 companies in the autonomous technology space spanning 18 industry verticals, exciting companies that are producing life-changing products and services.

Read more at Boston Business Journal.