The automotive industry is in an exciting position right now. It’s experiencing a sales downturn that hasn’t happened for a long time, and it’s also on the brink of highly advanced and potentially profitable innovations. If you’re a player in the industry, an enthusiast, or fascinated by everything auto, here are some of the latest trends you wouldn’t want to miss.
The Rise of Ride Sharing
Emotional attachment to vehicles is on a general decline. More and more people are choosing car-sharing instead of purchasing their own. Thanks to major players like Uber, Lyft, and Grab, ride-sharing has boomed even in emerging economies.
These companies are always looking for ways to improve the experience. Some vehicles in the fleet offer snacks and drinks or offer passengers to play their music through auxiliary cables. This reflects a shift toward environmentally-friendly transportation options and carbon footprint reduction. In addition, many riders also find car sharing more economical than owning a car outright.
Becoming a Cloud-Powered Industry
Called the “Industry 4.0,” the use of cloud technology is transforming every part of the automotive industry. It has changed the way things are done, from design right down to servicing of physical elements.
This technology also reduces costs and waste through the scaling of services and processes. This year will usher a significant movement by the automotive industry to integrate design and engineering activities with the cloud.
Making Driverless Cars a Reality
What used to be a sci-fi concept is now becoming very real. It might take some time to roll out fully autonomous vehicles on the road, but they are coming.
These driverless cars come with a host of benefits, Mylabcorp. Eliminating human errors is expected to improve traffic, reduce accidents, and enhance passenger comfort. With these advantages and more, plus tech giants like Google leading the way, autonomous cars are definitely on everyone’s radar.
Going Big with Big Data
In a few years, most new cars will be able to communicate digitally. This means that new vehicles will integrate open platform infotainment systems to connect to Android, iOS, and other mobile phone operating systems. Expect cross-platform features that will allow you to use apps across your devices to control automotive functions.
From complete digitalization to driverless cars, these giant leaps are all set to completely change the landscape of the automotive industry.