Autonomous vehicles

Fully autonomous cars are estimated to be just five years away, depending on both technology and the development of a regulatory system. This will dramatically increase the market for the components required.

For now, much of the growth comes from advanced driver assistance systems, such as automatic braking or adaptive cruise control.

Market value: 19.5bn

Last years pre-tax profit: 763m

This semiconductor firm was tipped by all of the technology fund managers we spoke to. It makes components used in systems such as emergency braking and battery management.

Hyunho Sohn, manager of the 2bn Fidelity Global Technology fund, said: Infineon exemplifies a company poised to gain from the move to electric and autonomous cars. It has a market-leading position and, as the technology going into each vehicle increases, it should experience increases in revenue and margin.

Market value: 18.7bn

Last year's pre-tax profit: 1.9bn

Delphi integrates different technologies into packages that meet the rigorous standards of the automotive industry, Mr Sohn explained

He said: "The firm has strong relationships with the major car manufacturers, and is well positioned to profit from both the rapid proliferation in low-level systems, and the eventual roll-out of fully autonomous driving."

Read the rest here:

Buy these seven shares to profit from driverless cars and artificial intelligence - Telegraph.co.uk