Latest Trends to Revolutionize Automotive Industry
With the advancements in technologies, the automotive sector these days is also experiencing many big changes. Some studies reveal that it is not just the transformations in the technology sector that contribute to a revolution in the industry; rather, at the same time, a great influence is added by changing social trends as well. Most of the people these days are running behind mobility, flexibility, and innovations. Below we have highlighted a few such trends that have a huge impact on the automotive industry.
The latest social, ecological, and technological trends these days are motivating manufacturers in the automotive sector to present some solid solutions to the consumers. For the past several years, people were more concerned about designing vehicles at a larger scale; however, manufacturers these days are more concerned about redefining the features and abilities of vehicles. The new-age cars are powered by advanced software and powerful sensors that are capable enough to address the evolving needs of the customers.
Modern production process:
Some experts in the recent interviews said that the upcoming automotive industry is not only about modifying the head portion of the car. Rather, the companies will be more concerned about production processes and the overall market time as well. In order to add more creativity to your production processes, the developers need to adopt innovative trends. The industry 4.0 standard is offering new opportunities for enhanced productivity. Furthermore, the latest technologies, such as 3D printing, add more potential to design aspects. The latest software tools can further enhance the production process while speeding up the speed to market. With digital simulation technologies, there is no need to create unlimited prototype vehicles before finalizing a model. The modern age design aspects can ensure real-time progress in projects.
The zero-emission vehicles are the need of the world. People these days are more interested in using clean and eco-friendly systems. This is the main cause of the increasing popularity of hybrid electric vehicles. Stats show a considerable rise in the demand and production of electric vehicles. Projections say that almost 55% of vehicles in Europe by the end of 2030 will be fully electric. Many new-age manufacturers are also looking for new opportunities to enhance the design and appeal of the vehicles. The co-founder of Lightyear recently gave an idea of developing cars with a renewable source of energy. They are about to launch a solar-powered car that can help to reduce carbon footprints while ensuring enhanced performance on-road.
The innovative manufacturers are also working on the development of self-driving cars. The global market for autonomous cars is expected to rise up to $54.23 billion by the end of 2019; however, this value will further improve to the estimated range of $555.67 billion in the year 2026. Such ideas are also encouraging new-age entrepreneurs to launch start-ups with innovative design ideas to lead the automotive sector. The integration of machine learning and AI may change the scope of the automotive industry in the near future.