Bosch, a leading global supplier of technology and services, has generated a whopping £1.1 billion from driverless car technology in 2015. The company has been developing sensors for self-driving cars and has achieved a 12% increase in sales from the previous year. Bosch has also been working on a host of other pioneering projects, including home connectivity and smart grid technology.
The company’s driverless car technology is expected to continue its growth trajectory, with the market predicted to be worth £1 trillion by 2025. Bosch is not alone in this lucrative market, with other tech giants such as Google and Apple also developing their own autonomous vehicles.
Despite the potential risks and challenges associated with driverless technology, Bosch is optimistic about the future. The company believes that the benefits of autonomous vehicles, such as increased safety and reduced congestion, far outweigh the potential risks. Bosch also sees a significant role for itself in the broader Internet of Things (IoT) market, with its smart home and grid systems expected to play a key role in this rapidly expanding sector.
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