The automobile industry has adopted many technologies and is slowly moving towards advancement. As in other sectors, China is the top in this sector, followed by the United States, and India ranks 4th place for the largest automobile market globally. This industry at present is changing itself according to the demand and technology advancement.
Like other sectors, the automobile sector also faced a decline in sales during the pandemic. But then it started to bounce back soon. So, people have started looking for transparent pricing, one-click access, and fast delivery. However, the industry has begun to develop customer-based business and sales models, resulting in many technological trends and innovations.
At present, digital platforms like Flipkart, Trivago, Cars 24 are setting customer standards. So here are a few trends in 2021 in the automobile industry-specific to cars.
Artificial Intelligence
Artificial Intelligence assists autonomous cars, help the driver in terms of safety and monitors vehicle insurance and inspection. It makes tracking the data of AI-connected vehicles easier because this will help concerning driver safety, fleet management, etc. The Human Machine Interface (HMI) uses voice-based feedback to manage and operate vehicles.
So, these kinds of interfaces improve the driving experience while ensuring safety and making it enjoyable.
Electric Vehicles
The electric vehicles (EV) sector is operating more actively along with the government’s incentives, and the GST has been reduced. There is a facility for removing batteries from the vehicle implemented in vehicles delivered recently. Also, the sector is open to all demands and interests of people. These E-vehicles will help both the corporates and businesses to achieve their sustainability goals.
15% of carbon emission is from cars which do irreversible damage to the environment. So, these E-vehicles are designed in such a way that they reduce fuel consumption and have higher energy efficiency.
Autonomous Cars
These are self-driving vehicles. Reducing the human driver requirement is the primary goal of these vehicles. Also, to change the concept of transportation to be more safe and secure by reducing the accidents due to human carelessness.
Blockchain
Blockchain is the one that stores the actual data of the automobile industry. So through this, you will be able to share secured data to enable connectivity and mobility. Blockchain also ensures whether the spares and raw materials received are from trust and legal sources.
Additive Manufacturing
3D printing is helping the automotive industry in 3 main ways. At first, it helps increase the design and testing phase of the production by using 3D printed model prototypes. Next, it allows the manufacturers to print suitable spare parts according to the requirements.
Finally, it assists the automotive industry in additive manufacturing of automotive parts using composite materials that are portable, stronger, and resistant.
Internet of Things (IoT)
In the automotive industry, IoT enables secure communication between the vehicles, also between vehicles and infrastructure components. This technology improves road safety, reduces pollution, and resolves traffic congestion. So upcoming start-ups and companies are developing more sensing technologies to gather accurate data about the vehicle and help the cars understand their surroundings.
In addition to this, it also does automated fuel and toll payments.
Every year, newer technologies are being demanded in the automotive sector. Researchers and industrialists are developing new manufacturing technologies to meet those demands. Carmakers worldwide are implementing various techniques to cater to end-users with the most innovative technology.
There will be several technological advances in the automotive sector over the next few years that will reshape the industry’s landscape across the globe.
