Australia's transport innovation sector - including driverless and electric vehicles - is set to explode in value from $211 million to more than $16 billion in less than a decade.
The government's trade and investment body said the future transport market would generate more than $16 billion in revenue by 2025.
Just two years ago the sector was generating $211.2 million.
Austrade says the transport sector is being shaped by disruptive technologies, increased urbanisation, rapid population growth and environmental concerns.
Ride-sharing service Uber has reportedly scoped out the potential for Australian cities to host its flying taxi service Uber Elevate.
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There are currently 15 wirelessly connected driverless vehicle trials across the nation, including a shuttle in Adelaide and automated cars through Sydney.
Mercedes-Benz and Bosch are also trialling autonomous vehicles on roads in Melbourne.
A national approach to automated car regulation is underway and is expected to be in place next year.
Concerns over the safety of driverless vehicles reignited this year after a fatal crash involving a driverless Uber vehicle in the United States.
