Experiencing life one second at a time. Fighting a war within, trying to cure the outside chaos.
The following are 4 trends & innovations that are currently running riots in the automotive industry.
These include (but aren't limited to):
1. Autonomous Cars
The concept of autonomous cars has been mooted for a few years now. It's just now that it's starting to take shape and looking like a matter of sooner than later. Self-driving cars would reduce human dependence which could, in turn, result in lesser human decision-making and lesser chances of errors/accidents. With the AI, the software will take its own smart decisions and the driver would have a more comfortable drive compared to today.
2. Electric Cars
With humanity constantly evolving, is our planet becoming better or is it going to reach a point where global climate change (for the bad) will be inevitable? It has been said that we are about 10 years away from reaching a point of no return in this climate war. The use of gasoline and diesel contributes to an increase in the carbon footprint. The air pollutants through gasoline and diesel can cause bronchitis, asthma, cancer, and premature death.
With electric cars, the carbon footprint during their entire lifetime is lower compared to fossil fuel-powered cars. These cars would be powered by electricity and the use of the limited fossil fuels to power vehicles could become obsolete.
3. Buying Vehicles Online
The Coronavirus has brought along a lot of changes in how the world functions. Earlier, the preferred way to purchase a car was to go to a dealership and choose your next ride. Now, the latest emerging trend is purchasing vehicles online. Car companies & dealerships are providing virtual tours and you can see and select your car from the comfort of your home. The need to physically go to a dealership can be redundant. With online payment options and online selling of your old car, digitalization in how the vehicles are purchased and sold seems to be the latest trend.
4. Smart Cars after Smartphones
Our smartphones became 'smart' a long time back. The same is with our vehicles. However, some smartphone technology like iris scanning, biometric scanning, facial recognition, heart rate tracking is making their way to our cars just now. It is time for our cars to tell us if the driver is sleepy and notify us through caution systems and even driver exhaustion levels, isn't it? The iris and facial recognition are already gaining market share and continue to be an emerging trend. The biometric identification systems are in the preliminary stages of development.
As time passes, new technology makes its way into our lives. These are just 4 of the many tech advancements and emerging trends in the Automotive Industry. Entrepreneurs and businesses can take these factors into account and gain an insight into what is happening in the Automotive sector.
It can help you in recognizing the threats as a business and even tap into the opportunities that are out there for the furtherance of your business.