At the beginning of 2022, the automotive sector started to witness massive advancements, trends, and changes in its current systems.
These changes are resulting in intense competition between the existing brands in the sector and giving rise to new opportunities for both the new brands and the original equipment manufacturers (OEMs).
Some of the Current Trends Set to Change the Automotive Sector are:
• Artificial Intelligence
Artificial intelligence (AI) has a wide range of applications in the automotive sector, including different areas such as supply chain, designing, production, and post-production.
Manufacturers have also started adopting AI-based systems for demand and volume forecasting, automating decisions related to supply chain and inventory replenishments. In recent times, the use of AI has also helped the automotive sector in enhancing quality control by scanning defects and cracks and conducting predictive monitoring.
AI technology that enhances the data and algorithms uploaded into the systems can be a great way of making the vehicle system learn actionable insight by itself.
As per the BIS Research reports, the global in-cabin automotive AI market is supposed to touch $503.2 million by 2026, with a CAGR of 45.41% during 2021-2026.
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Connectivity vehicle technology supports trains, cars, trucks, and other vehicles in communicating data such as weather, mobility, and safety. The key elements of connectivity technology are a device, grid, pedestrian, network, infrastructure, and cloud.
Long term evolution (LTE) and 5G technology help vehicles in accessing and communicating within short-range with data centers, nearby vehicles, and pedestrian devices. The connectivity vehicle technology also sends warnings to the drivers and alerts them regarding congestion, accidents, and weather.
Different types of vehicle communication take place due to the presence of the vehicle connectivity devices such as:
Vehicle-to-Infrastructure Transmission: This refers to the exchange of information between vehicles and present road infrastructures such as road signs, parking meters, streetlights, lane markers, traffic lanes, cameras, and streetlights.
Vehicle-to-Cloud Communication: This refers to remote software updates, communication, and diagnostics with household appliances and digital assistants.
Vehicle-to-Vehicle Communication: This refers to the sharing of critical information between different vehicles, such as road conditions, traffic, and speed limits.
Connectivity offers several other advantages, such as advanced navigation systems and accessibility to a wider scope of entertainment and software features.
• Self-Driving Vehicles
Autonomous vehicles are almost shifting toward becoming the future of the automotive sector. It is expected that fully automated vehicles will be able to save thousands of lives per year.
Besides safety, the autonomous or self-driving vehicle can also help in reducing the emission of greenhouse gas, reduction in travel time and costs, less computing of field, and improving lane capacity.
Self-driving vehicles can have several applications in delivery and transport. These advanced vehicles can be used as delivery robots for municipal and passenger transportation.
• In-Car Entertainment
In-car entertainment is not a new trend in the autonomous industry, but the upcoming advanced technologies are all set to alter the way humans interact and travel. The coming models of the vehicles loaded with advanced technologies are themselves a moving space for entertainment with surrounding speakers, high definition (HD) visuals, and a better media experience.
Augmented reality (AR) can also be a great way of allowing the driver to communicate with the inbuilt vehicle’s navigation systems and infotainment to get personalized entertainment guidance.
• Harder Steels
Harder steels are among the latest trends in the automotive sector and are mostly used in the vehicle body and chassis components. Harder steels help in reducing the overall weight of the vehicles and making them lightweight by decreasing tear and wear and improving durability.
These harder steels are difficult to grind and need specialized adhesives to speed up the grinding process.
Connected technology, interactive entertainment, and autonomous vehicles will not only help the automotive sector in making vehicles better but will also help in increasing the overall demand for vehicles.
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