The Chinese Mobility-As-A-Service Opportunity Is Booming

According to ARK's research models, China will become one of the largest markets for autonomous mobility-as-a-service, reaching $2.5 trillion by 2030. At the same time, automobile sales in China could fall below expectations as a result of autonomous taxi services. Automakers with large exposure to China should launch autonomous cars in partnerships with local players as soon as possible to capitalize on this rapidly emerging trend, especially as the Chinese government is likely to favor local players, granting them natural geographic monopolies. Mobile app-based ridesharing services have flourished in China relative to those in most countries. India is not far behind, as shown below.1