• Comments (0)

  • Aug 18, 2020

Emerging Trends in the Automotive Industry

The automotive world is finally moving towards a long awaited evolution after almost a hundred years. With the industry continuously being disrupted with the latest technology innovations and market shifts, this evolution was bound to happen, and now the manufacturing fraternity is certainly in for some of the most challenging experiences in the field of auto making in the coming years. However, it is not just the technological trends that are responsible for the sudden transformation, the social trends, of late, are also fairly responsible for triggering the change in the automotive designs of the future. As accessible mobility is going to be the core idea of the entire transformation, more innovations are on the way to make mobility solutions more flexible, personalized and compatible. The emerging automotive industry trends are surely creating a buzz in the market, so let us check what they are:

Innovation

Led by the innovative ideas of the visionary leaders, the automotive industry is all set to transform into its absolute best. The back to back dropping of breakthrough trends in technology are ensuring that the players in the auto manufacturing industry are highly invested in the futuristic goal of redefining the role of a vehicle. Unlike what we witnessed for the last one century, it is no longer a race to enhance manufacturing to achieve a bigger scale. Instead, it is more of a competition to create the perfect balance of the smartest of technology and comfort on wheels. Now, the manufacturers can no longer wait for the traditional waterfall approach to work in terms of software development, as with the introduction of smart cars in the market, the software in them will expected to be highly advanced in a relatively shorter period of time.

The technological advancements have also influenced the ecological and social trends, which means customers nowadays are aware of exactly what they want. It also implies that the automakers now, need to speed up the process of rolling out digital products and services to cater to the consistently evolving customer needs.

High-End Production

Modern production is speeding up in an unprecedented order. According to experts, the pace will only increase in the coming years, almost as if to compensate for the last fifty years, covering the entire process of manufacturing, as well as marketing. The only way to not get left behind in this ultimate race of production is to accept the change, and be open to innovation taking over your production processes. In addition to having adaptability as the core principle, another winning aspect to drastically increase productivity is to take heed of the frontier called Industry 4.0, and the promising capabilities that come with it.

If we take the vast technological advancements under industry 4.0 into consideration, the automotive industry is clearly spoilt for choices. The leaders in the industry have already started using 3D printing for product innovation, digital simulations and virtual validation to cut down unnecessary production of prototype vehicles, and not to forget artificial intelligence in vehicle manufacturing, which has taken their manufacturing productivity to a whole new level.  

Eco-Friendly Vehicle Options (EV)

 

The environmental factors have finally started to have an impression on the emerging trends of the automotive industry. The rising concern of consistently depleting fuel reserves and the carbon emissions harming the environment have boosted the increasing popularity of cleaner and eco-friendly vehicle options like Electric Vehicles (EVs) and Hybrid Electric Vehicles (HEVs). However, the idea is still in its initial stage, as although there are quite a few models of electric vehicles available in the market, issues like affordability, battery quality, availability of charging infrastructure, and the likes are still need to be addressed for greater adoption.

Autonomous Vehicles

Autonomous vehicles have been the current favorite of the innovative manufacturers across the world. It aims to cut down the need of human intervention in driving a vehicle for everyday transportation. Autonomous or self-driving vehicles are equipped with advanced recognition technologies that helps them in effectively identifying any kind of obstacles on their way. This technology is greatly helpful in making public transportation relatively safer by reducing road accidents caused by humane shortcomings like negligence or fatigue. The manufacturing giants are seem to be quite interested in examining the potential of self-driving technologies, as It has the ability to open up endless avenues for business growth in the coming years. The emergence of this trend will make driving more accessible, cheaper, safer and time-efficient.

Internet of Things (IoT)

The future of driving will be different, and digitalization and connectivity are going to be two of the key trends that will lead to this change. As soon as 5G technology takes over the automotive industry, our cars will be equipped with Internet of Things (IoT) to enable secure communication between vehicles, and also between vehicles and infrastructure components. The IoT technology has the ability to turn a car into a machine that can think and act on its own. It can enable a vehicle to connect wireless network to communicate with all traffic infrastructure, including vehicles and traffic lights. With its advanced sensing abilities, a car with IoT technology is capable of receiving real-time traffic notifications, and other safety alerts and collision warnings.  

Comments (0)
Leave A Comment: