Autonomous driving could explode soon — these chipmakers could cash in
The semiconductor industry is huge, and the promising outlook for autonomous driving is a potentially big tailwind for some chip makers. The global autonomous vehicle market is expected to reach over $550 billion by 2026, according to Allied Market Research. That exact number varies depending on the research hub, but many reports say the growth should be explosive. Research and Markets says autonomous vehicle sales could grow by over 40% yearly through 2026, when the total market would hit over $600 billion.