One of the misconceptions about the self-driving car and electric vehicle revolutions is that these developments affect only the transportation industry. As the market and numbers for such vehicles increases, they will have a domino effect on other industries. For example, self-driving cars will free passengers to pursue other activities or tasks, such as entertainment or office work, while being driven to their destinations.

Some automotive companies, such as Tesla, Inc. (TSLA), have already begun capitalizing on this market by starting entertainment services. (See also: Tesla Explores Music-Streaming Service for Its Cars.) Similarly, shared mobility solutions using electric vehicles, such as Tesla's shared mobility services, will propel sales of electric vehicles. Taken together, the cumulative market for the self-driving car revolution amounts to a $7 trillion annual revenue stream, according to a study released by Intel Corporation (INTC) earlier this year. (See also: Self Driving Cars Behind $7 Trillion Market by 2050.)

The list of industries affected by the self-driving car revolution is large and diverse. However, analysts at Morgan Stanley have whittled it down to 30 stocks across 13 industries, shedding light on the companies that will benefit from the self-driving car revolution. According to the analysts at the firm, these companies are "favorably positioned" by a business model "that liberates hundreds of billions of consumer hours for monetization." Here are three sectors mentioned in the Morgan Stanley list that are poised to benefit from the self-driving car revolution.

Electric Utilities   

Charging stations run by electric utilities will be needed to power electric vehicles. As sales for electric vehicles increase, electric utilities have already begun investing in charging infrastructure and grid modernization. "Due to the state of California's ambitious renewable energy and Zero Emission Vehicle (ZEV) goals, the Utilities team selected PG&E Corporation (PCG) and Edison International (EIX) as the best positioned stocks under their coverage to play this theme," write the authors of the Morgan Stanley report. (See also: Vacuum Cleaner Maker Dyson to Build Electric Car.)

Internet/Media

According to estimates, time spent in driverless cars will amount to leisure time of 600 billion hours. How will consumers fill up this time? By watching shows, listening to music or connecting through their social networks. The Morgan Stanley team has picked the usual suspects for this category of stocks. According to them, Amazon.com, Inc. (AMZN), Facebook, Inc. (FB) and Alphabet Inc. (GOOG) are the best bets for "capturing commercial value and time spent by consumers enclosed in a mobile, connected, supercomputing environment." Apple Inc. (AAPL​), which is developing software for autonomous cars, has the "potential for full integration with autonomous vehicles and to provide services."

Beverages/Restaurants

This might seem like an unlikely category to benefit from self-driving cars, but the analyst team at Morgan Stanley makes a compelling case. According to them, Driving Under Influence (DUI) laws deter alcohol and food consumption while driving. Freedom from the responsibility of driving will encourage their consumption. Moreover, drivers will have approximately 400 billion additional hours (based on estimates by analysts at Morgan Stanley) on their hands because they will be not be driving. Constellation Brands, Inc. (STZ), a maker and distributor of alcoholic beverages, is the choice of analysts at Morgan Stanley. Domino's Pizza, Inc. (DPZ), which recently delivered pizza through self-driving cars in Michigan, is also expected to benefit from the autonomous vehicle revolution. (See also: Ford, Domino's Pizza Test Self-Driving Delivery.)

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