Major Auto Supplier Says Autonomous Vehicles Won’t Make Money Until 2030

The chief executive of German automotive supplier Continental AG believes that autonomous vehicle projects will not produce significant revenues until 2030.

Continental is a well-known automotive industry supplier with a wide variety of products on offer including 48v starter-generation systems, head-up displays, computer chips for assisted and automated driving, connect vehicle systems and much more.

Like virtually every other major player in the automotive industry, Continental is also working on its own self-driving car hardware and software. But unlike many companies, it doesn’t believe this technology will produce significant revenue for another 10 years or more.

“Until 2030, the market will be driven mainly by assistance systems,” he said, referencing semiautonomous driving software and hardware. “Significant revenues (for self-driving car projects) will only come in 2030 and thereafter.”