Connected and autonomous vehicles could create 100,000 new jobs, says report
A new report from consultants Arup suggests that connected and autonomous vehicles (CAVs) could lead to the creation of as many as 100,000 new jobs in Ireland by 2030.
The report – Autonomous, connected, electric and shared vehicles: Reimagining transport to drive economic growth – discusses how the country might benefit from the advent of connected and autonomous vehicle technologies.
"It is clear that jobs will be created not only in hardware manufacturing but also in data services that support CAV technologies," said the report. "This means that the technology sector in Ireland is ideally placed to play a leading role in this burgeoning market."
In its report, Arup said that 'Ireland plc' is uniquely positioned to accelerate job creation in a number of areas, including cybersecurity, data centres and management, autonomy systems (hardware and software), communications networks and detection sensors.
The consultancy estimates the economic impacts linked to connected and autonomous vehicles in Ireland at anywhere between 1% and 8% of GDP growth.
The advent of connected and autonomous vehicles is predicted to cause significant changes to current banking models, says the report, with the financial services sector already working to understand new business opportunities.
As a result, "there is a huge role for government to stimulate this area and encourage CAV-based fintech services to be led from Ireland".
The Irish government will have a key role to play in ensuring that regulated policy and guidelines are in place to protect individuals and optimise the service industry, notes the report.
By doing so, says Arup, it can help to drive job creation and innovation as connected and autonomous vehicles become a reality.
Read the full report here.