Emerging trends in automobile industry
New vehicle sales in emerging markets like Thailand, Turkey and Slovakia are projected to decline slightly this year due to rising vehicle costs, and cannibalization by public transportation and new mobility alternatives. Automotive technologies will be fresh, exciting and innovative but the uncertainties caused by Brexit, the United States-Mexico-Canada Agreement USMCA and China taking its foot off the growth accelerator will threaten to throw a spoke in the wheel.
Continental is therefore always working on innovative technologies from the field of information and entertainment, with the aim of ensuring a holistic human-machine dialogue. One way to do this is with modular, energy-saving clean mobility solutions for all vehicle classes.
Gear up for electric mobility options to become more pervasive in ride-sharing and micro-mobility solutions.
Technology trends in automotive industry
Among the big names set to hit the public market are Uber, Lyft and DiDi, with valuations beating those of well-established car companies who have been building cars for over 75 years. Though self-driving technology is not prevalent on the streets, it is being experimented all over the globe. Eradicating the fake parts from the market can enhance transparency and result in very efficient pricing strategies. Connected — This applies in two ways: communication between cars or with traffic management infrastructure or between vehicle occupants and the outside world. It is expected that connected cars will step out of developmental obscurity and become an important personal item to be connected to the internet. This transformation is a crucial aspect of a digitally-enabled merging of social, industry, and technological forces about to ignite an outburst of innovation in the global transportation arena. Presently, cars are being devised to endure crashes and last for around years. Several industry experts and professionals are forecasting that electric cars will soon become more cost-effective and popular than diesel and petrol models. Automated driving One of the major trends in the automotive sector is automated driving. Here are the top 5 emerging trends, which are transforming the automotive industry: Autonomous Driving This is undoubtedly the emerging trend that has been ruling the automotive field. Blockchain capabilities have emerged as the best possible solution to rectify this problem. Inform and entertain Drivers should receive as much information as necessary, but as little as possible. Continental is therefore always working on innovative technologies from the field of information and entertainment, with the aim of ensuring a holistic human-machine dialogue.
Improved pricing with blockchain capabilities One of the major challenges for the automotive industry is dealing with counterfeit parts. If they want to remain successful, both manufacturers and suppliers will have to offer user-oriented innovations.
Electric cars— Eliminating the automotive impact on the environment Sincethe sales of electric cars have reached close to 10 million units, which explains why stalwarts like General Motors, Daimler AG, and VW have entered this lucrative market with their own models.
Advances in petrol engine technology will further affect already beleaguered diesel powertrains but will facilitate the transition to alternative fuels.
From the comfort of your car, access a whole host of on-demand contextual services ranging from fuel and parking, food ordering and payments, restaurant reservations, hotel bookings, navigation, alerts on offers from your preferred dealership and information on connected brands and valuable offers.
Through mathematical modeling of key performance indicators and demographic trends, the paper discusses: Mobility behaviour of users through social personas and how they could influence traffic demand; External factors that will influence mobility habits, vehicle mileage and frequency of usage; Predictions of car inventory, replacement cycles and new sales; and Implications for manufacturers, suppliers, service providers and their business models.
Automotive industry trends 2019
Engineering organizations have multiple challenges to deliver quality products on… This will be offset by marginal growth in new car sales in other emerging markets such as India, Brazil and Mexico. Cloud powered automotive industry One major automotive industry trend is the use of cloud technology. Aircraft and aero… Several industry experts and professionals are forecasting that electric cars will soon become more cost-effective and popular than diesel and petrol models. Among the big names set to hit the public market are Uber, Lyft and DiDi, with valuations beating those of well-established car companies who have been building cars for over 75 years. New vehicle production and sales are expected to experience setbacks. If they want to remain successful, both manufacturers and suppliers will have to offer user-oriented innovations. The automotive industry is presently growing by leaps and bounds beyond the first conceptualized vehicle models that we saw in the late 19th century. If you are part of the automotive industry, the following top 10 trends will define your business strategy for Get your FREE sample now! Gear up for electric mobility options to become more pervasive in ride-sharing and micro-mobility solutions.
Digitalization Paves the Way for Smarter Power Plants With each passing day, digitalization ensures a pretty positive impact… Find out more about electric mobility and the associated ongoing electrification.
Technology-driven trends have always been revolutionizing the way in which automotive industry players react to the changing behavior of consumers, build partnerships, and bring about a change.
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