What's New in the Automotive Space?

The automotive industry is one of the few industries where its evolution can be seen clearly. Let’s find out what’s trending in the automotive industry.

FREMONT, CA: An extensive survey on the automotive industry trends has discovered information-centric technologies that have played a central role in securing the future of the industry. The auto industry has rapidly started embracing new technologies in its operating systems. Along with technologies like artificial intelligence (AI) and big data and analytics, the industry is also adopting the Internet of Things (IoT) and blockchain.

Here are some of the trends that automotive enterprises must follow to improve their productivity.

1. Autonomous Vehicles (AV)

The objective of autonomous or self-driving vehicles is to decrease the requirement of human drivers and change the conventional transportation system. The autonomous vehicles have offered opportunities to decrease downtime, increase the safety of public transportation, and provide last-minute deliveries. It can decrease accidents that occur due to the negligence of the driver or fatigue. These transportation systems have advanced recognition technologies like AI-based computer vision to recognize the barriers along the route.

2. Shared Mobility

With the help of connected vehicles, new business models are prioritizing the shared mobility as a substitute for traditional vehicle ownership. It will allow mobility-as-a-service (MaaS). Shared mobility will be able to meet a city’s transportation needs without adding additional vehicles on the streets.

3. Electrification

The demand for electric vehicles is increasing more among the consumers as it diminishes fossil fuel reserves and minimizes the environmental damage it. However, to increase the adoption of EVs, they must refer to issues like a weak battery, fleet electrification, high expense, and inefficient charging structure.

4. Connectivity

New autonomous vehicles in the market have a tamper-proof digital identity, and it distinguishes them from the other vehicles in the network. It will also help users track vehicular data for several reasons, like checking the safety of the driver, fleet management, insurance, and predictive maintenance. Data sharing will not only help the customer but also revamp the overall mobility ecosystem.

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