trends in automotive industry 2020

Get in touch for a head-start on startups, scaleups & disruptive technologies to discover what will impact your business in the future! For greater adoption, EVs need to address issues such as high price, poor battery, inadequate charging infrastructure, fleet electrification, as well as powering renewable energy-based charging grids. Discover 5 Top Infrastructure-as-a-Service (IaaS) Startups. For more details on these emerging automotive industry trends, download the full report. In the age of big data, advanced data analytics informs various decisions throughout the lifecycle of a vehicle. Moreover, the solution is customizable to any car model or specific OEM requirements. Technology is at the core of all these changes, as you would have guessed. These include sharing vehicle data over a secure network for connectivity and shared mobility solutions such as ride-hailing, urban transportation, and deliveries. I foresee two major shifts here: one, from the premium segment to more volume segment offerings and, two, from being primarily city-based models to becoming more pan-country based models. Brandwatch data reveals some of the biggest consumer trends for the auto industry as we head into 2020. Cars As Points Of Health: Built in, bought in and beamed-in features are converting the car into centers of health, wellness and wellbeing (HWW). These expand the scope of how and what aspects of a car that users control. In their pursuit of value creation, retention and enhancement, automakers will push forward on connectivity platforms, personalized offerings and FoD services. A glimmer of hope will come in the form of growth in private leases. Further, this also offers software solutions for fleet and asset tracking as well as connected cars. AVs are equipped with advanced recognition technologies, such as AI-enhanced computer vision to identify obstacles along the route. Italian startup Moi combines thermosetting composite materials and 3D printing to manufacture high-performance parts for the automotive industry. Light truck… As a result, car companies are working on what we call “customer transformation”, in essence, creating personalized and customized digital solutions across the customers’ lifecycle management of the vehicle. I have also done an executive course at the Kellogg School of Management. The startup’s platform, Aqueduct, is easy to install, has 4 charging modules with up to 22kW, provides monthly reports, and uses a Typ2 charging cable. This includes our forecast for online sales of auto parts. Users discover the nearest Beam scooter on the app and park it in visible public spots after the ride. Our midyear outlook focuses on three manufacturing industry trends to follow in the second half of 2020 as companies attempt to recover and thrive . Auto manufacturers continue their push toward the aggressive … For this analysis, we used a data-driven startup scouting approach to identify the most relevant solutions globally. I usually begin the year with a roundup of the top automotive trends for the upcoming year. Autonomous vehicles or self-driving vehicles aim to minimize the need for human drivers and look poised to transform everyday transportation. I expect over 100 connected car features to be available to consumers across emerging and developed markets by 2025, from current figures of less than 40 in most high-end vehicles. However, companies in the automobile industry should be ready to re-think the whole concept of driving experience in the nearest future. Electric Vehicles Are a Big Deal In the 2020 Global Automotive Consumer Study published by Deloitte, EV technology takes the focus. Discover what can be learned from 8,000 global survey responses and thousands of social posts. After 21 months of continuous decline, the Chinese car industry actually grew in April and May. Connected Car IoT Platforms: Much like mobile phones, we will see operating systems becoming standard for cars. Automotive ADAS Sensors Market to Grow by $ 24.96 bn During 2020-2024 | Industry Analysis, Market Trends, Market Growth, Opportunities, and Forecast 2024 | … The startup provides manufacturers with tools that make the development and maintenance of EV charging infrastructure simple, fast, and scalable. Covid might have thrown the automotive industry (not to mention, our annual forecasts) off track. The solution recognizes the power requirements of every car and automatically controls the charging speed for each vehicle. The LM Mission ControlTM dashboard allows business users to manage their fleets. Swiss startup 9T Labs employs additive manufacturing to produce carbon composites for use in the automotive industry. Singapore-based startup Beam focuses on e-scooters to promote shared mobility in the Asia-Pacific region. Return Of The Hatchback And New Body Styles: We might see the return of the hatchback, exemplified by the VW Golf, as a second car. It combines advanced AI algorithms and hyper-speed teleoperations for human-assisted guidance in unique situations. Increased Vehicle Leasing. The data of all road users is streamed and processed in real-time to empower smart mobility. 5 Top Pulmonology Solutions Impacting the Healthcare Sector. Consequently, such interfaces make the driving experience safer and more enjoyable. The US alone accounts for $296 billion. For automotive, the startup develops predictive models that encourage car companies to improve marketing or operations and increase their revenue. ), while auction prices for used cars are on the up and up. As part of our look at automotive digital marketing trends, we included our annual projection on auto parts eCommerce trends for 2020. Circular Economy, Automotive Industry Innovates to Zero: Covid will provide impetus to automakers’ Vision Zero initiatives. This site uses cookies to ensure you get the best experience on our website. Our Innovation Analysts conducted an exhaustive analysis of 4.859 solutions and present the top 10 Automotive Industry Trends & Innovations in 2020 & beyond. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Michigan Economic Development Corporation BrandVoice. If SUVs and cross overs were the dominant body styles of the last decade, the next decade could see the emergence of new body styles driven either by Covid, the shift to a second type of car or the debut of a new generation of boxy, monolithic models for the growing Gen Z customer segment. I am a well-known thought leader and a charismatic futurist who combines engineering acumen with strong commercial experience. This will be a key way of achieving differentiation in the future. We are able to forecast the trends owing to our expertise in research, survey, and industry experience. Circular economy practices anchor Vision Zero. Automobiles are complex machines that increasingly include sophisticated computers. In addition to technologies such as artificial intelligence (AI) and big data & analytics that have been around for while, newer technologies such as the internet of things (IoT) and blockchain also find numerous applications in automotive. 360 kg (800+ lbs) and reach speeds up to approx 100 km/h (60 mi/h). As a result, the solution is easily scalable for producing composites for panels, frames, and interior components. Such circular economy practices will anchor the transition towards Innovating to Zero. Learn about the auto parts industry and how it is evolving to more online sales and away from brick & mortar. Dealerships across the co… 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. It features 4 hub electric motors to provide a four-wheel drive and is capable of traveling more than 250 miles (400 km) on a single charge. Discover 5 Top Marine Conservation Startups. Learn more in our Global Startup Heat Map! I usually begin the year with a roundup of the top automotive trends for the upcoming year. We analyzed 173 startups developing natural language processing solutions for electronic health records. The startup also serves other industries, such as aerospace, construction, and biomedical. German startup ChargeX offers a modular EV charging solution that converts parking spaces into charging stations. Depending on your specific needs, your top picks might look entirely different. Human-machine interfaces (HMI) use voice-based or haptic feedback to operate vehicles. Our Innovation Analysts conducted exhaustive data-driven research to identify the various innovation trends and technologies emerging in automotive. Data As The 21st Century Oil, The Shift From “Horsepower” To “Computing Power”: Data-as-a-service is set to grow post Covid. The US-based startup Apex AI enables automotive companies to implement complex AI solutions. Discover what will impact your business in the future! Here are Scott’s predictions for automotive industry trends 2020: The startup uses enterprise-grade encryption in order to provide users control over their data to enhance security and privacy measures. Hertz’s collapse is symptomatic of the market’s decline. British startup Cube Intelligence develops a blockchain-based security platform for autonomous vehicles. Further, their drivers use out-of-the-box or white-labeled apps to manage reservations or remotely access vehicles. Meanwhile, Brexit and other protectionist economic policies will favor onshoring rather than offshoring in the future. 2020 will be a big year for the auto industry, not least because of increasing anxiety around climate change and the disruption Brexit could cause. Sharing vehicular data helps not just the individual customer, but overhauls the entire mobility ecosystem. The technology improves road safety, solves traffic congestion, and reduces pollution and energy expenditure with better fleet management. Top 20 automotive trends for 2020 and beyond. Further, startups and emerging companies develop solutions that enable vehicles to securely communicate and transact over a network. Moreover, customer automotive data finds applications in driving sales, optimizing supply chains, and enhancing product design for newer vehicles. So far, Frost & Sullivan has already identified six such platforms with used car sales likely to migrate wholly online over the next 3-5 years. The solution captures millions of data points in real-time and analyzes them to enable lenders to instantly assess and reduce risk. The truck, EnduranceTM, is designed to be a sturdy work vehicle and comes with fewer moving parts compared to traditional commercial vehicles, thus enabling easier maintenance. Subscription model booms. As self-driving cars and connected cars transform the automotive landscape, it will fundamentally change how drivers interact with vehicles. As downstream functions in the car also experience rapid digital transformation, OEMs will need to redesign their digital retailing strategy. Car companies have been very good in terms of building carbon neutral factories, striving for zero fatalities or developing zero emission cars. AI also finds applications in automotive manufacturing, where it accelerates the rate of production and helps reduce costs. The latest digital systems have been designed to enable the exchange of information between cars and roadside infrastructure (for example, road signs or traffic lights), as well as between different vehicles. Gen Z As Car Buyers: A big one for car companies will be the coming of age of Gen Z customers. Covering more than 1.116.000 startups & emerging companies, we use our proprietary StartUs Insights Platform to identify innovative applications and solutions that will impact the automotive sector in 2020 and beyond. I am also the founder of a think tank group that works on future (Mega) trends. 3D printing helps the automotive industry in three primary ways. MedInReal, Mutuo Health Solutions, Plasticity, talkEHR & Emtelligent develop 5 top solutions you should watch out for. Operating from Germany and the US, EcoG is a startup offering an IoT-based operating system and platform for EV charging. This time might be a little different. The US-based startup Awayr develops human-machine interfaces for vehicles, unmanned aerial vehicles (UAVs), and robots. Nowadays, vehicles come with a tamper-proof digital identity that differentiates them … However, it has provided automakers with an unexpected opportunity to introspect and home in on the most impactful ideas and trends that will shape their future in the decade ahead. The industry includes both OE and aftermarket parts, equipment, service, and collision repair to name just a few. I am willing to wager that deployment rather than development will determine the winner of the autonomous race and that China will be the first to dash over the finish line. The solution also serves as the base for additional services such as micropayments and micro-mobility. Storyblok, XTREME-D, TrueNode Tech, DPLYR, and HyperQube develop 5 top solutions you should watch out for. Automotive marketing trends 2020. Such trends will again challenge car companies who depend heavily on high mileage driven by the workplace commute. Secondly, it allows manufacturers to print spare parts to match their requirements. They include V2V (vehicle to vehicle) and V2I (vehicle to infrastructure) tools and systems. Automakers will perforce create differentiated Gen Z focused strategies, while special models underpinned by connectivity technologies —I think the Chinese will steal the thunder here, again—will be designed to appeal to Gen Z customer preferences. In fact, Scott spent 17 years at the Auto Care Association (formerly AAIA) where he was instrumental in developing the ACES and PIES data standards used in the industry today. Valuations of used car companies are at an all-time high (pick up some Vroom stock right away! The startup develops Konnect – GS01, an automatic electronic logging device (ELD) to continuously track vehicular health. Additionally, the onboard speed recorder limits the speed to discourage dangerous driving behaviors. 1. Data gathered from vehicles enables predictive maintenance, informs managers about their fleets, and alerts concerned authorities in case of accidents. Fri., Jan. 3, 2020 timer 3 min. Despite a shift toward shared mobility, vehicle unit sales will continue to grow, but likely at a lower … Such solutions meet the requirements of a city or a business without adding new vehicles, thus reducing waiting time for fleets and pollution caused by petrol or diesel vehicles. The technology also automates payments for fuel and tolls. Midyear 2020 outlook: Understanding new manufacturing industry trends This year began with the manufacturing industry just starting to gain some momentum when the COVID-19 pandemic hit. Shakeup Of The Fleet Market: Typically, fleet markets have always made gains during a period of recession. As in all industries, digital transformation trend in automotive are shaking things up moving into 2020 and beyond. These models provide insights into product build, price, as well as after-sales service. I am a Managing Partner in Frost & Sullivan, Regional Leader of its Middle East, Africa and South Asia (MEASA) operations and the company’s Global Practice Head of Mobili. Learn more in our Global Startup Heat Map! Blockchain finds multiple applications in the automotive industry. Discover impactful industry trends, promising startups & emerging companies, and our Global Startup Heat Map in this article! Even China saw its first-ever decrease in new-vehicle sales. I authored “New Mega Trends,” published in 2012 with Palgrave Macmillan, which has since been sold in over 30 countries and is currently being translated into Chinese for a China market release in 2014. For more information view our Data Protection Information. Scott is clearly one of the gurus of eCommerce and auto parts data in the automotive industry. This reduces false positives in pedestrian detection and enhances the safety of autonomous vehicles. Connectivity. We analyzed 890 pulmonology solutions impacting the healthcare sector. The vehicle-to-vehicle (V2V) communication is either on-blockchain, with smart contracts, or off-blockchain using DAV’s protocols. By and large, these changes will … This creates a serious challenge for car companies that have hitherto excelled at segmenting and sub-segmenting both cars and customers. People Love Cars Again. I consult Fortune 1000 companies (clients like P&G, Ford, Philips, BMW, Fiat group, Nissan, Toyota and UNIDO). The 3D printed composites are more affordable, lightweight, dimensionally stable, corrosion-resistant, and also offer increased strength and stiffness. Growth In Subscription Services: I’ve always been bullish about subscription services and continue to be upbeat as they spread rapidly to developing automotive markets. Firstly, it enables rapid prototyping with 3D printed models that accelerate the design and testing phases of production. We analyzed 486 Infrastructure-as-a-Service startups. New hotspots of growth might emerge in Russia and Eastern Europe. Cars As An Element Of Connected Living Solutions: Cars will become an integral part of connected living solutions. The ' Automotive LCD Dashboard market' research report is latest addition by Market Study Report, LLC, that elucidates relevant market and competitive insights as well as regional and consumer information. In addition, the solution works with any EV charger and enables new features to be shipped throughout the network. Not this year though. Further, as countries look to move away from fossil fuel use, a significant number of emerging electrification startups develop electric vehicles and the associated charging infrastructure. Looking for specific automotive startups and technologies? Luxury To Manifest In “Digital” Vehicle Functions: We expect luxury vehicle sales to decline by 30-35% over the short-term before gradually picking up over the medium- to long-term. But what we are seeing now is the incorporation of use and reuse practices – the ‘Design to Dismantle’ principle – at the design stage itself. Download report (4.2mb) Five trends transforming the Automotive Industry We have already entered 2020 and we are done with our homework to unlock various secrets of consumer trends for automotive industry. Sales of new and used cars as well as of vehicle related services will become platform / digital based. To download the full report, please click the image below: Home; Help; About Us; Press; Contact Us; Careers; Affiliate Program; Dealer Center; Your Ad Choices Another way to reduce the number of cars on the road involves promoting and creating shared mobility solutions that include first and last-mile connectivity along with urban mass transit. New Collaborative Business Models To Accelerate: Informed by a partnership / collaborative approach, new business models are set to mushroom across the value chain. ), here is our pick of the top 20 trends that we believe will shape the future of the auto manufacturing industry in a Covid-defined 2020 and beyond. As car companies revisit their value chains, they will evaluate reused and shared parts for new product development.

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