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automotive industry trends

Automotive Industry Trends

by Gloria Louden
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Technology has taken different industries to a different level. The automotive sector is a good example because it has adopted modern and cutting-edge technologies in its day-to-day operations.

Before, artificial intelligence and big data analytics were the common names we usually heard. Now, blockchain and the internet of things are added to the list.

Here are the top automotive industry trends to look for this 2021:

1. Autonomous Vehicles

Driving for hours can lead to extreme fatigue, which is the common reason for vehicular collisions.

An autonomous vehicle is designed to reduce the prevalence of road accidents. Who would have thought that a driverless vehicle could be created? No one has ever expected that. But with the curious minds of big car companies, it has become possible.

Intvo, a popular vehicle company based in the US, has designed a pedestrian behavior prediction technology that can check for head position, weather conditions, eye contact, and leg movements of pedestrians.

2. Internet of Things

Top vehicular companies in the US also incorporate the internet of things into the industry because of its possibilities.

The potential to secure communication between vehicles is one thing that encourages car companies to take advantage of IoT.

What’s more, internet of things technology is thought to reduce pollution, address traffic congestion, level up road safety, and ensure better fleet management.

KonnectShift and EcoG are among the famous companies that provide IoT solutions. For those who need an IoT-based system for EV charging, EcoG will be your best.

If you are looking for solutions to scale up both fleet and asset management, KonnectShift got your back.

3. Every Vehicle Comes with a Digital Identity

Before, it’s time-consuming and labor-intensive to track any vehicular data for predictive maintenance and insurance.

Today’s vehicles, however, are available with a digital identity, making tracking more accurate and convenient.

This digital identity is tamper-proof and kept secure.

NoTraffic, an Israeli-based startup, has built a platform to take road infrastructure management to new heights.

It also connects every driver to the roadways in the city, which helps manage any traffic-related problems.

That’s not all. Road users’ data is processed in no time for better and more precise results.

4. 3D Printing

Additive manufacturing is commonly used in apparel, industrial art, jewelry, home construction, firearms, soft sensors, and computers.

But in 2014, we have seen the first supercar that used many 3D printed components. The car has 3D printed side mirror internals, titanium exhaust components, and air ducts made by Koenigsegg.

It is called Urbee, and it took years for Koenigsegg to develop. But it is worth it.

From then on, other automotive companies also tried additive manufacturing. It is no surprise as 3D printing enables quick prototyping and accelerates both the designing and testing phases of production.

5. Electric Vehicles

The use of fossil fuels can pose a danger to the environment.

Experts say that too much consumption of fossil fuel can contribute to the large amounts of carbon dioxide and greenhouse gases, leading to further sea level rise, species extinction, food scarcity, poverty, worsening health, and extreme weather.

These have marked the beginning of electric vehicles. Lordstown Motors is one of the most reputed US-based companies that make an all-electric pickup truck featuring four hub electric motors.

But for greater adoption, electric vehicle companies need to overcome issues like insufficient charging infrastructure and high prices.

6. Blockchain

Another trend to expect this 2021 is the application of blockchain in the automotive industry. But what comes to your mind when you hear blockchain? Well, it is not what you thought.

Vehicle manufacturers use blockchain to share automotive data over a network for ride-hailing, deliveries, urban transportation, and other purposes it may serve.

The constant development of blockchain has helped automotive companies assess the supply chain of spare parts. As a result, they can determine if a raw material comes from reputable or legal sources.

7. Innovative Shuttle Services

Five of the ten cities with the most traffic jams are in the US in a 2018 report by INRIX. These are Miami, Los Angeles, Atlanta, New York, and San Francisco.

It also revealed that traffic congestion cost motorists more than $305 billion in 2017 alone. On average, every driver lost around $1,445. That’s massive.

This is the reason advanced shuttle services have become a trend this year. While having a car is a good investment, do not underestimate the advantage of car sharing. Although it could be inconvenient sometimes, it is eco-friendly.

8. The Interaction Between the Drivers and Vehicles becomes Voice-Based

There are many things that happen because of connected and self-driving cars. The way drivers interact with their vehicles, for example, has greatly improved.

By using your voice, you can operate or maneuver your auto without compromising your safety. Aside from that, voice-based interaction can make your driving experience more enjoyable than usual.

Smart virtual assistants were also created. How do they work, though? Simply, they help motorists interact with other service providers.

So, want to try this voice-based interaction? Good choices and companies such as Awayr and Apostera can help you.

9. Machine and Deep Learning

Artificial intelligence has changed our lives. When we shop over the internet, it helps us provide personalized recommendations, making our selection easier than expected.

When we search for information on top browsers like Google, artificial intelligence ensures related results.

What’s more, artificial intelligence is also integrated into machine translations, digital personal assistants, smart homes, cybersecurity, and the automotive industry.

What advantage does artificial intelligence provide to the automotive sector or the self-driving cars, in particular? Experts say it improves safety and vehicle inspection.

10. Big Data Analytics

Big data analytics is another trend in the automotive sector.

When used, it guarantees quality predictive maintenance, notifies the right authority about their fleets in real-time, informs managers when an accident occurs, drives sales, enhances product design, and optimizes supply chains.

Are you looking for an automotive ERP software available with well-optimized workflows? There is no need to search further than Priority ERP software! Give them a call for further details and expect responsive customer support.

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