Tech

Who's Really Driving the Self-Driving Car Market?

Oct. 26th, 2021
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.

Self-Driving Car Companies with the Biggest Headcount Growth

Although employment growth is considerably large for all roles, Engineering roles have seen the largest growth, with an 80% increase since 2018.

Headcount Growth at Self-Driving Car Companies by Job Category

Sign up for our newsletter

Our weekly data driven newsletter provides in-depth analysis of workforce trends and news, delivered straight to your inbox!

We may collect your personal information for the purposes of marketing, business development, and product improvements. For additional information please see our privacy policy.

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.

Inflow into Self-Driving Car Companies by Sector

Below are the top hedge funds and their talent flows into self driving car companies.

Talent Flow from Hedge Funds and Self-Driving Companies

Key Takeaways:

  • 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.
author

Reyhan Ayas

Senior Economist

Want more Revelio Labs?
Get our weekly newsletter!

We may collect your personal information for the purposes of marketing, business development, and product improvements. For additional information please see our privacy policy