Good evening,
The autonomous vehicle (AV) market is expected to grow explosively in the next four years. According to Statista, this $41 billion market is expected to grow to $115 billion by 2029, a compound annual growth rate (CAGR) of around 32%.
The Trump administration is likely to be a key catalyst for that growth. Even before his inauguration, Donald Trump has said a priority of his administration will be to create a federal regulatory structure for autonomous vehicles.
Obviously, famous first friend (and Tesla CEO) Elon Musk is on board with this decision. Tesla has already made significant investments in autonomous driving technology.
However, it’s not just Musk. Many industry CEOs have said increased engagement by policymakers was critical for the industry's success.
That means this niche market may begin to see significant growth. You can see that in the performance of the ARK Autonomous Technology & Robotics ETF (BATS: ARKQ), which is up 33% for the year with just a few weeks to go.
That should be music to an investor’s ear.
However, if you prefer to buy individual stocks, take a look at this special presentation where we cover seven stocks to help you cash in on the autonomous driving craze. You’ll begin to understand the scope of this market and you’ll get specific companies that you can invest in to capitalize on this growth.
While the opportunity is big, you’ll want to have your eyes wide open. A federal regulatory framework still means regulation. And with safety as a paramount concern, it may be years, even decades, before autonomous vehicles are a significant part of the U.S. transportation network.
View the 7 Stocks to Ride the Autonomous Driving Boom
The MarketBeat Team
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