Here's Why Aptiv Is a No-Brainer Long-Term Investment
One of the most lucrative economic opportunities in our lifetime will be driverless-vehicle technology, including mobility as a service (MaaS) -- along with the "passenger economy" that will eventually be created, as passengers fill their idle time in the car while the driving is left to autonomous vehicles. That lucrative opportunity, a market Intel predicts will grow from $800 billion in 2035 to $7 trillion by 2050, is why a slew of technology companies, automakers, and parts suppliers are pouring billions into developing driverless-vehicle technology.
Identifying which companies will ultimately seize the massive driverless opportunity and thrive over the long term is no simple task. But here are a few reasons Aptiv (NYSE: APTV) looks like a leader in the field.
To better understand why Aptiv is such a good investment, it's important to understand what the company produces and what its vision is. In a nutshell, its portfolio of products and solutions revolve around creating a world with zero vehicle accidents, zero emissions, and seamless connectivity between vehicles, devices, and even smart cities. Aptiv provides leading architecture -- it's the only company to provide both the "brain" and "nervous system" of an autonomous vehicle -- and remains well-positioned to develop solutions for future mobility problems and challenges.
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