Global Automotive Industry Outlook, 2018
April 30, 2018 | PRNewswireEstimated reading time: 1 minute
The automotive landscape is rapidly changing every year.The convergence of various technologies and industries with the automotive space is creating numerous opportunities in the market.
Digitization and connectivity are generating large volumes of usage data, which will enable new revenue streams such as data monetization in the automotive industry.The prices of electric vehicle (EV) batteries are constantly declining, which is making EVs affordable, contributing to an increase in their sales.
Even as EVs power their way ahead with record sales, the supporting infrastructure of the charging stations is not keeping pace. OEMs have to work with partners and government agencies to set up more charging stations and establish a universal charging standard.
It is important for stakeholders in the automotive industry to be aware of the dynamically evolving trends and ways in which they can be monetized. This study provides a snapshot of the key happenings in the automotive industry in 2017 and a strategic outlook for 2018.
Some of the disruptive trends in the automotive industry include: voice recognition-driven personal assistants such as Amazon Alexa and Google Assistant, reduction in EV battery prices, and the application of deep learning in autonomous vehicle (AV) development.
Other key trends include:
- Long-range EVs—OEMs will target EVs with more than 300 mile range by utilizing a flat battery storage design
- Decline of diesel—In 2018, sale of diesel cars will continue to decline, as governments announce stronger air quality control moves including higher tax bands in Europe
- Inclusion of driver monitoring systems in level 2 and 3 cars—Driver monitoring will be a key focus area in 2018, with companies incorporating a range of driver monitoring systems into their vehicles
About Reportbuyer
Reportbuyer is a leading industry intelligence solution that provides all market research reports from top publishers
Suggested Items
ZESTRON Academy Launches 2024 Advanced Packaging & Power Electronics Webinar Series
05/01/2024 | ZESTRONZESTRON, the leading global provider of high-precision cleaning products, services, and training solutions in the electronics manufacturing and semiconductor industries, proudly announces the launch of its highly anticipated webinar series on Advanced Packaging & Power Electronics, a webinar series on the latest innovations, cleaning, and corrosion challenges.
The New Industry: Will the Growth Continue?
04/30/2024 | I-Connect007 Editorial TeamHow sustainable are the primary financial models in the United States regarding PCB fabrication shops? In this interview with economic experts Shawn DuBravac and Tom Kastner, we explore what’s happening with U.S. printed circuit board shops in today’s market, how consolidation affects the industry, and what can be done.
TTM’s High Tech Expansion and Industry Innovation
04/30/2024 | Marcy LaRont, PCB007 MagazineTom Edman has been the CEO of TTM Technologies since 2014 and has an extensive background in electronics and manufacturing. TTM is a leading global manufacturer of technology solutions, including mission systems, RF component and RF microwave microelectronics assemblies, and quick turn and advanced technology printed circuit boards.
U.S. Companies Invest Heavily in Robots
04/30/2024 | IFRManufacturing companies in the United States have invested heavily in more automation: total installations of industrial robots rose by 12% and reached 44,303 units in 2023. Number one adopter is the car industry followed by the electrical and electronics sector.
USPAE to Springboard U.S. Technology Forward
04/30/2024 | Marcy LaRont, PCB007 MagazineThe U.S. Partnership for Assured Electronics (USPAE) was launched as a nonprofit subsidiary of IPC in 2020, specifically to manage the DoD relationship and access to funding, and to develop a cooperative facility to develop UHDI capabilities in the U.S., not only for the defense sector, but for the whole of the U.S. electronics industry. It is a tall order, but industry veteran Joe O'Neil believes it will happen. Having been tasked with making the UHDI Capable Cooperative Production Facility (UCCPF) a reality, he provides an update on this important project for U.S. electronics manufacturing.