Top Automotive Industry Trends & Innovations - [Infographic]        

Top Automotive Industry Trends & Innovations

Automotive Industry trends and innovations

By Angelina Smith | Infographics | 0 Comments

Automobile industry across the globe is a sphere of intense competition. It is also a field which has always been at the forefront of experimentation and innovation. Let us now look at some of the dominant trends in automotive industry in 2021.

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1. Autonomous or Self-driving Vehicles

  • This is a concept which has been in germination for the past few years.
  • It is a revolutionary concept and it will forever alter the way we have used vehicles over the past 100 years or so.
  • Driver-less vehicles ensure greater safety on roads as they prevent accidents due to human errors.

Industry info:
Tesla, Google and Uber are the pioneers who are playing a major role in making autonomous vehicles a reality.

2. Electric Vehicles

  • Electric vehicles will very soon be the norm considering the depleting reserves of fossil fuels across the globe.
  • Added to that, they are environment-friendly since they cut out emission and pollution.
  • Electric vehicles have several advantages over conventional vehicles like ease of maintenance, being economical and smoother driving.

Did you know?
In 2019, there were 2.1 million recorded electric car sales globally. The market was valued at $70.14   million  that year. Recently, it has been estimated that by 2027, EV sales will reach $140.29 million.

3. Artificial Intelligence

  • Artificial intelligence technologies such as machine learning, deep learning, and computer vision find applications in robotic automation within the automotive industry.
  • AI is also instrumental in self-driving cars, managing car fleets, assisting drivers with safety aids and facilitates paying of vehicle insurance and arranging of vehicle service.

Fact Check:
RevitsOne is an Indian startup that provides AI-powered fleet management software and is suitable for managing fleets of different sizes.

4. Human-Machine Interface

  • Self-driving cars and connected cars will rely on technology through which users can interact with their vehicles. It can be done through voice-based or haptic feedback to operate the vehicles.
  • It is going to make travel easy, convenient and risk-free.
  • Along with that, HMI also offers a smart virtual assistant to help drivers interact with vehicles or other service providers.
  • The kind of control and safety that users enjoy during travel due to HMI is exemplary.

R&D Insights:
The US-based startup Awayr develops human-machine interfaces for vehicles, unmanned aerial vehicles (UAVs), and robots.
German startup Apostera offers an advanced driver-assistance system (ADAS). The startup’s platform  combines augmented reality (AR), smart camera, and surround-view monitoring to illuminate the route on turns, curves, slopes as well as complex junctions.

5. IoT (Internet of Things)

  • IoT allows for secure communication during vehicle-to-vehicle interaction and with infrastructure components.
  • It prevents traffic congestion, reduces vehicle pollution, improves road safety and efficient energy spending through better management of fleet.
  • IoT is behind a whole range of in-car apps which assist a driver in navigation of vehicles and various aspects of travel.

Industry info:
EcoG operates from the US and Germany. It is a startup that offers an IoT-based operating platform and system for enabling EV (Electric Vehicle) charging.

6. Blockchain

  • Blockchain applications include sharing vehicle data over a secure network for connectivity and shared mobility solutions such as ride-hailing, urban transportation, and deliveries.
  • Blockchain also finds application in verifying the supply chain of spare parts or making sure that the raw materials and spare parts are sourced exclusively from legal and trusted sources.

Block of data:
Cube intelligence is a British startup that develops a security platform based on the blockchain for Autonomous Vehicles. The use of hash codes for blocking malicious attacks or any hacking attempts hacking any autonomous  car and connected cars.

Takeaway

Automotive industry is seeing transformation at an incredible pace and in ways which were hard to predict just a few years ago. Along with the trends highlighted above, we also have innovations like Connectivity, Big Data & Data Analytics and AR (Augmented Reality) which have impacted the motor industry.


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