As many as 100,000 high-end direct and indirect jobs could be created in Ireland by 2030 as driverless cars become the norm, a new report claims.
The study suggests the State has the potential to become a leading global hub for companies developing connected and autonomous vehicle technology.
However, it warns Ireland must act immediately to take advantage of the opportunities by ensuring we have the right skills base and by reviewing current legislation to ensure our road network is fit for purpose.
“The Government has an essential role to play in both facilitating the smooth and safe introduction of connected and autonomous vehicles onto our roads and helping to ensure that Ireland reaps the maximum economic benefit from these technologies,” said John McCarthy, associate director and leader of intelligent mobility for engineering group Arup in Ireland.
The global connected car market is expected to grow in the next five years to over $180 billion and this will be underpinned by the delivery of software and hardware services. Intel has indicated self-driving cars could lead to the creation of an additional $7 trillion in economic activity provided by a new wave of technology solutions.