What Are Some Key Trends in the Auto Industry Today?

08 October 2019
Automotive

As one of the fastest-growing and changing industries in the world, the automotive sector can often be hard to pin down. That’s why many industry professionals and businesses rely on advanced automotive market research teams like Visiongain to provide them with the most important trends and tech updates. Staying on top of such things is one of the best ways to make the right decisions for your business.

For those in the automotive industry, Visiongain has shared some key highlights for you below so you can know what trends are going to be game-changers.

Cyber Security Threats

One thing that will affect the automotive market is how connected vehicles will pose problems for cyber security professionals. In 2018, the global automotive cyber security market was an estimated $298.3 million, and it shows no signs of stopping. This is due, in part, to increasingly advanced connectivity solutions being offered in many of today’s newly designed and manufactured vehicles. It remains to be seen whether this trend will have a positive or negative effect upon the industry, but its presence is certainly being felt even today.

Environmental Issues

With climate change and other environmental issues being at the forefront these days, auto manufacturers and car buyers can expect big changes over how vehicles are being made and their effect upon the environment. As new legislation is being put in place around the world to safeguard the planet, automakers are following suit to developed vehicles with reduced emissions, as well as more efficient pressure, temperature, magnetic, and oxygen sensors as regulations evolve.

Digital Intelligence

Digital and artificial intelligence (AI) have been big factors for the past years and will drastically change the automotive market, as more and more companies move to equip their vehicles with innovative technology. Some of the most popular examples of improved digital intelligence are the adaptability of Internet-of-Things (IoT) for automotive applications, expanding the opportunities for third-party developers (Google, Apple, Microsoft).

Autonomous Vehicles

Since the release of Google’s self-driving car several years ago, autonomous vehicles have been in everyone’s sights. In fact, the most current automotive market research illustrates that a large part of the auto technology being developed related to autonomous vehicles involves ways to eliminate driver error, like improved electrical, mechanical, control and computer systems.

Of course, the auto market is still a way off from creating affordable vehicles that easily drive themselves, but every year new technology is implemented paving the way for such a future.

Let us help you get a handle on all the latest automotive trends!

Visiongain offers in-depth market reports and forecasts for the auto industry, including breakdowns on automotive software, diagnostic scan tools, chassis and axle manufacturing, and much more.

For a complete list of our detailed reports and forecasts, contact us online or call +44 (0) 20 7549 9987 today!

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