How New Technologies Impact the Mobility and Automotive Industry

The longer-term trends of increasing digitalization and electrification will help evolve the mobility industry in 2021.

FREMONT, CA: The automotive industry has continuously been a pillar of the industrial and technology sectors, but it is rapidly evolving due to self-driving cars, increased connectivity, and longer-range electrical models.

With the increasing digitalization worldwide, the auto sector is expecting massive more in the next few years. In the last five years, innovative technology has revolutionized lifestyles and given birth to entirely new requirements, causing the industry to undergo significant transformation.

With the popularity of digitization worldwide, the automotive industry is also preparing for a significant shift in 2021. Due to the integration of innovative technologies, the sector has experienced tremendous ups and downs in the last few years. As more technology is adopted in various sectors, the auto industry is gradually progressing toward advancement, in which industrialists will earn more revenue and end-users will discover more advanced driving techniques.

Even more electrification

The market share of electric vehicles in the mobility market is increasing due to a global demand to decrease carbon emissions and take additional action to combat climate change. EVs are becoming increasingly popular among consumers due to their immense variety (with more designs being launched in 2021), government incentives, a competitive advantage in comfort, and other factors.

Car connectivity: OTA, V2V and more

Vehicle connectivity has been hailed as a crucial automotive trend for years due to the gradual construction of 5G abilities, and studies related to 6G already set to begin. Vehicle connectivity (such as V2G and V2V communication) is essential for autonomous driving. Apart from that, the primary reason connectivity is poised to be groundbreaking is that it allows OTA (Over-the-Air Updates), a critical feature in tomorrow's world of digital mobility.

Autonomous driving

Self-driving cars were on the priority list for several years, but the timeline for achieving full vehicle autonomy keeps getting pushed back. While autonomous driving technology is rapidly evolving, testing and enhancing algorithms remains a difficult challenge. Another issue is safety is standardization. Regulators are falling behind technological innovation, potentially delaying the unveiling of self-driving cars.