The Trends That Will Shape the Future of Automobile
- December 3, 2019
- Auto Extended Warranty, Extended Auto Warranty, Extended Car Warranty
- Posted by Derek Weissman
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The automotive industry of the world is not shaped by the traffic load, too many cars, air pollution, few parking space, and lousy driving but it has an indirect impact on the industry as this all leads the companies to find new ways to cope up with these challenges. As, this also impacts the feedback of the consumers of automotive industry in anticipation of the response of vehicle manufacturers.
In this blog, some of the future trends of the automotive industry are discussed that how the big players can manage the global economic challenge and keep pace with the new demands of the consumers and to overcome the changing demands of the industry.
The digitization of the technology will have a great impact on the automotive industry. Although, this industry mostly deals with the mechanical details but digitization is disrupting the technology used in automation of the processes. Like the use of the block chain technology to bring efficiency in the production that will ultimately affect the cost of production.
The truth actually is that industries are becoming more customers focused. They mold and change according to the demands of the consumers. The era of more horsepower, more powerful engines and exotic exterior designs and aerodynamics are a thing of past now. The focus has shifted towards the green cars, autonomous driving and public transport, driving assistance and smart infrastructures.
The automotive industry’s innovation is now dependent on the demands which makes it customer centric. This has paved way to the activation of the ecosystem that will ultimately lead to the shared solutions to the air pollution, traffic jams and parking lot issues. That is why the industry is looking forward to produce more EVs (electric vehicles) and autonomous cars in fact there are hype about it in the global automotive industry.
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The consumers around the globe want greener cars instead of the fossil fuels to run cars because of the pollution and challenges created by the climate changes. The value chain has been changed and new mobility eco-system among artificial intelligence is emerging and is believed to transform the industry faster. These trends give a great insight about the direction of the future automotive industry. So, that show how rapidly the automotive industry is changing because of the disrupting technologies and the demands of the customers.