In a new report, Citi Research analyst Itay Michaeli turns the clock forward 15 years to look at the impact that driverless cars will have on the global auto market by 2030. According to Citi’s analysis, the auto industry can expect annual driverless car sales of up to 15.7 million by 2030, and Michaeli sees a lot of money up for grabs in the space.

Unlocking Frontier Markets

Citi projects that markets such as China, India, Indonesia and Nigeria will be key to the future of the auto industry.

“Over the next 10-30 years, driverless car networks could conceivably add over 8 million of new ‘SAAR’ units alone in India, Indonesia and Nigeria,” Michaeli writes.

Manufacturers Benefit

Auto makers that stay on top of the driverless trend will be competing…

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