7 automotive industry trends you need to know

Edward sits within our organic growth practice and has experience working across a spectrum of strategic automotive projects. With a background in economics, Edward has experience designing and modelling both macroeconomic- and industry-level scenarios, overlaying impacts from key technological developments and supporting the development of overarching strategic direction. COVID-19 might also prove to be a catalyst for the growth of online sales within different segments. Our COVID-19–related research shows that a fifth of consumers now plan to buy their next vehicle online . This figure is consistently higher among 18- to 34-year-olds, suggesting that Segments B, C, D and E could all demonstrate a significant jump in demand for online services. The share of new car sales taken up by EVs will vary considerably across markets .

  • The comprehensive and rapid reorganisation of the automotive sector after 2025 will have far-reaching consequences for the entire industry and its value chains.
  • Major Programmes Connecting people and technology to anticipate and respond to ever-changing conditions, and solve for society’s greatest challenges.
  • Vehicle manufacturers strive to develop vehicles that allow drivers to run their companies and maintain their social lives while driving to meet their requirements and desires.

The system is sophisticated enough to be able to ascertain whether surrounding road users are cars, bicycles or motorbikes based on their speed and their movement patterns. Laser sensors have katespadebags.org enabled autonomous technology to develop an understanding on the movement of vehicles around them. A fantastic example is using digital technology to improve online customer support.

Auto Trader Retail Price Index

Industry companies realize that, just like every other digital sector, they must be transformed to meet customer demands. Today’s digital trends are very impressive in the automotive industry, which is good in light of the growing appetite for digitally improved customer experience. The COVID-19 pandemic shook up the automotive industry – along with every other industry – electric vehicles were moving steadily into the spotlight. The combined annual sales of battery electric vehicles and plug-in hybrid electric vehicles tipped over the two-million-vehicle mark for the first time in 2019. This much-anticipated milestone may have become overshadowed by economic uncertainty and changed consumer priorities, but there is value in taking stock of the electric vehicle market even now. Yet another sharp drop in November’s West European diesel car sales threatens to derail the autoindustry’s obligatory efforts to comply with the EU’s tough 95g/km fleet average levels by 2021.

In 2011 and 2013, Beacon filed lawsuits against most of the major automotive manufacturers on these patents and to date has filed almost 70 infringement actions. The number of large NPEs operating in this area is only expected to increase. One study determined that NPE litigation in the automotive space tripled between 2010 and 2013 and has only continued to increase since then. A number of original equipment manufacturers supplying the automakers, such as Paice, Magna and Waymo, have sued the automakers.

EV growth beyond 2030

SMMT’s third annual trade report, Driving Global Britain, is published in a year when markets around the world shut down as individual countries grappled with the pandemic, every sector had to readjust expectations. The core competence of Brose is the synthesis of mechanical, electrical, electronic and sensor systems. Worldwide, every second new vehicle is equipped with at least one Brose product. Customer Reviews, including Product Star Ratings, help customers to learn more about the product and decide whether it is the right product for them. Despite this, interacting with an onboard computer remains a distraction from the road ahead.

Digitisation is disrupting automotive manufacturing

That’s why developing and improving autonomous technologies in cars is the future. If the increase in user interactivity and autonomous features has revealed anything, it’s that the automobile industry remains committed to the vision of the self-driving car. As autonomous systems take over, consumers will expect more user interactivity as they travel. In summary, the automotive industry is on the verge of an unprecedented transformation characterised by autonomous driving, electrification and an ever-increasing demand for personalised products that enhance the wellbeing of occupants. The industry should do more to promote critical strategies for transformation. For instance, anxiety about fields remains a real problem as the range of electric cars grows.

As part of the emphasis on user interactivity, we are seeing manufacturers implementing features like Gesture control, a technology that enables users to take control of their radios through the use of hand gestures. On the current market, the BMW 7 Series has the capability to park itself without the owner’s intervention. Likewise, in 2015 Google started testing self-drive cars with remote sensing technology, where a laser was mounted on the roof to generate a 3D map of the surrounding area to navigate automatically. A greater number of gear ratios, low-weight design, and advanced dual-clutch operation, all work to deliver smooth, seamless gear changes. Meaning the Fiesta EcoBoost Hybrid delivers a more efficient and less demanding drive, particularly in stop-start city traffic.

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