The Autonomous Driving Industry to Reach 1,334 Trillion Won by 2035... "Breaking Industry Boundaries is Key to Market Leadership"

Samjong KPMG Publishes Report on "New Changes Created by Autonomous Driving"
"Strategic Collaboration System Needed to Seize Leadership in Autonomous Vehicles"

[Asia Economy Reporter Minji Lee] As the autonomous vehicle market is expected to grow larger, an analysis suggests that companies in the complete vehicle, auto parts, construction, telecommunications, and vehicle-sharing platform sectors must collaborate to secure a leading position in the autonomous driving infrastructure market.

According to the report "New Changes Created by Autonomous Driving" published by Samjong KPMG on the 26th, the global autonomous vehicle market size is expected to grow more than 150 times from 8.5 trillion KRW this year to 1,334 trillion KRW by 2035. The domestic autonomous vehicle market size is projected to grow at an average annual rate of 40%, from 150.9 billion KRW this year to 26.1794 trillion KRW in 2035.

Samjong KPMG pointed out, "The autonomous driving revolution is closely related to the form factor shift from internal combustion engine propulsion to electric power propulsion and the commercialization of vehicle-sharing services," adding, "Currently, domestic automakers are developing technologies related to autonomous driving, but there are growth limitations."

Accordingly, Samjong KPMG advised, "To seize leadership in the autonomous driving infrastructure industry, domestic companies need a 'Copetition' strategy involving cooperation for market expansion and competition for preemption," and "For the autonomous driving revolution, business strategies should be established focusing on three major pillars: electric vehicles, autonomous vehicles, and vehicle-sharing services." Since technologies related to autonomous driving are emerging as key issues in telecommunications, auto parts, construction, and vehicle-sharing business markets, it is judged that companies should enter the autonomous driving market through collaboration.

Already, global autonomous driving leaders such as Singapore and the United States are building R&D ecosystems based on public-private cooperation.

According to the AVRI (Autonomous Vehicle Readiness Index) report conducted by KPMG, understanding autonomous vehicle customers' needs and global technology trends was identified as a key factor in securing infrastructure capabilities. To this end, it was explained that a control tower to promote autonomous driving infrastructure strategies should be established, and autonomous driving infrastructure technologies should be secured through active mergers and acquisitions (M&A).

Seunghoon Wi, Vice President in charge of the automotive industry at Samjong KPMG, said, "To win the competition in the autonomous driving industry, it is important to create strategic collaboration systems with companies from various fields beyond industry boundaries," adding, "In the future, various cooperative relationships such as between OEMs and telecom companies, telecom companies and IT firms, platform companies and OEMs will be established, leading to corporate alliances transcending industries."

This content was produced with the assistance of AI translation services.