What are the Top 10 Automobile Industry Trends?

In today's tech world, every person has become tech-savvy. Customers want everything. The vehicles that previously provided essential services are now providing customized and modern features. There has been a lot of competition in the automobile industry, so every market player wants to give their customers something new.

The market is roaring because of the new players entering the automobile industry that want to create something new for the customers.

To strengthen automobile services and gain customer satisfaction, digital technology trends are used by car manufacturers, auto-part manufacturers, and original part manufacturers.

Top 10 trends

1. Artificial Intelligence:

With the help of AI technologies like machine learning, computer vision foundation of the future trends like robotic automation application have been discovered, which has given guidance to self-driven and Autonomous cars in terms of safety services like vehicle insurance and inspection.

With Artificial intelligence, you can take down costs. You can increase production rates. One of the best examples is chatbots, which help in reasoning with the workforce efforts and satisfy customers' questions. One more example of artificial intelligence in self-driving cars that follow your voice command, communication and interaction is also changing.

2. Autonomous vehicle:

This autonomous vehicle trend has brought a highly remarkable evolution in terms of daily transportation. This trend is nothing but a self-driving vehicle that is invented to decrease driver's requirements. Also, with these vehicles' help, the risk of accidents is reduced, thus making transportation safe and risk for all people.

3. Big data & data analytics:

For this generation, data analytics has proven to be very helpful because, with this feature's help, predictive maintenance can be done, which will give signals to the authorities of that vehicle at the time of emergency or if any accident occurs.

E.g., there is a Swiss startup called Unit8, is using analytics for automotive, the startup has progressed particularly for automotive with a predictive model that will encourage the car companies to boost their company's revenue and intensify marketing or operations.

4. Blockchain:

In the automotive industry blockchains have a grasp for understanding diverse applications which includes a shared vehicle data for secured network, portable solutions like ride-hailing, urban transportation and deliveries.

5. Internet of things:

With the help IoT (Internet of Things) a secure interaction has been made possible between every vehicle and its infrastructure components which has been of great help for the improvement of road’s safety, pollution is reduced with the help of this trend and it has also helped in solving traffic congestion. This advanced technology is so helpful that it has sensors installed in it so as to alarm the vehicle at the time of emergencies. Cloud computing models:

6. AR/VR solutions:

AR/VR is useful for the new employees who are new in this area and want to learn more.

First advantage of AR/VR solutions provides fast prototyping by using of 3D models due to which excellent testing phases and design of the production will be founded.

Secondly, manufacturers will be able to print the spare parts as per requirements of the customers

7. Cloud Computing Models

As the demand for computing and data is increasing in the automotive industry innovations are also increasing such as computing capacity, analytics based algorithms, data capacity and AI. To bring innovation in the market cloud computers are providing R & D resources and many car companies are also partnering with them.

8. Vehicle-to-vehicle communication:

With the introduction of V2V innovation traffic can be decreased severe accidents can be avoided etc, as with the help of this facility signal strength will be given to a certain vehicle at the time of any danger from the rest of the vehicles in the entire car route.

9. Smart factory:

If you want to create vehicles fast and free of error then a smart factory is an innovative idea. Technologies like automation, modeling, and digitization are used by RPA to offer a stabilized and flexible manufacturing process in the foundation. Great business ideas can be generated by adopting digital factories.

10. Electrification:

To save the environment from pollution and protect it from the harm that the pollution is causing electric vehicles are introduced in the market. EVs are getting popular and will be used more in the future but they need to solve some issues like

low battery

make chargeable infrastructure

reduce the price

fleet electrification.

To conclude these are the top 10 Automotive Industry Trends. I am sure more trends will come in the future because technology is evolving and so you never know what you will see in the future but for now make proper use of these trends.