Who's Really Driving the Self-Driving Car Market?
Today’s article on Bloomberg News features analyses on competition for talent in the autonomous vehicle industry by Revelio Labs.
The market for autonomous vehicles is growing fast, as headcounts are rising throughout all notable companies in the industry. The plot below tracks the growth of the companies that have experienced the biggest growth since 2018.
Although employment growth is considerably large for all roles, Engineering roles have seen the largest growth, with an 80% increase since 2018.
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Prior to March 2020, the share of inflows into autonomous driving companies from the financial sector was in decline, in contrast to the increasing share from Tech companies. However, this trend has reversed since March 2020 , as we now see an increasing share of inflows into self-driving car companies from the financial sector.
Below are the top hedge funds and their talent flows into self driving car companies.
- Self-driving car companies have experienced massive growth in employee count since 2018. Among these companies, Lucid Motors and Waymo have grown the most.
- Engineering roles have been the largest contributor to industry growth.
- The share of inflows into self-driving car companies from the financial sector has increased by around 30% compared to its level in March 2020.