7 Technology Trends In Automotive Industry

By Ashutosh Jha → Last Updated on Monday, November 19, 2018
The automotive industry has witnessed a drastic technological improvement since 2015. And all these changes have improved the quality, security, and comfort of the vehicles a lot. And the best thing with such changes are, not only the elite cars have witnessed these but also the affordable one. While the earlier cars were equipped with just some necessary features, now cars come with advanced technologies like cloud computing, big data, and the Internet of Things (IoT), etc.

Technology Trends In Automotive Industry
These enhancements are not only helping the consumers but also the manufacturers and dealers. For example, big data analytics are helping to identify the right part for the vehicles. Such details are achieved by the data gathered by sensors. Also, the data science and machine learning have enabled the forecasting. This ensures the proper demand is meet along with predictions like a number of sales, parts, pricing, and much more.

With the help of IoT, now you can easily find the best route, helpful security precautions and what not. And the best thing is, automobile companies are now implementing these features. Recently, I found 2018 Audi R8 comes with multiple driving modes and MagneRide shocks. These are a good sign for the industry.

And we are talking the same in this post. We will see the top Technology trends in automotive industry. Let’s start and see the best technology trends in automotive industry.

7 best Technology trends in automotive industry

Based on our R&D, we have handpicked these 10 best Technology trends in automotive industry. If you found any other new advancement as well, please share with us in the comment.

#1 Autonomous Driving

Although it will take few years for the dream to make driverless cars true but this autonomous driving is the reality. In 2017, Nvidia introduced chipset to support level 5 and even they are working with Uber on driverless car.

#2 Electric vehicle gaining traction

The world is currently facing the pollution issue and vehicles are a major contributor of it. And that is the reason, the need of electric vehicle has increased a lot. And you can experience this from the fact that the sale of electric car has increased by 47% in 2018. The rise of electric car has also been boosted due to the focus on renewable energies by the world leaders.
Electric vehicles and hybrid electric vehicles are seeing resurgence on U.S. roadways. As of November 2009, the U.S. was the top hybrid electric market in the world with approximately 1.5 million vehicles.
The introduction of ride sharing services such as Uber and Lyft have fundamentally changed how many individuals are transported in cities and towns across the U.S. on a daily basis. The arrival of ride sharing is associated with an increase of 2-3% in the number of UBER vehicle fatalities and fatal accidents. This increase is not only for vehicle occupants, but also for pedestrians.

#3 Big Data

All those data which can’t be stored and analyzed using the traditional system are big data. And the data generated by the vehicles are in different form which are getting analysed using big data. And then further analytics are getting done on that. Multiple sensors (radars, LIDARs, cameras, etc) and wireless V2V (vehicle-to-vehicle) data are getting captured using IoT sensors and then further processed using big data.

#4 Blockchain

It is the big thing in the market especially for the banking and finance sector. But automobile sector is using blockchain very aggressively. It is creating trust, accurate protocol for the automotive parts supply chain, helping remove counterfeit parts from the market.

#5 AI and ML

Artificial intelligence (AI) and Machine Learning (ML) are also the hot technology and is helping automobile sector a lot. Using AI and ML you can estimate the price of the vehicle, the fuel efficiency, how vehicle is efficient, the demand and supply requirement. And this way, you can’t only make the system better but also make the best use of your available resources.

#6 Cloud powered industry

Using of cloud technology is another technology trend in automotive industry. Cloud helps enabling the scaling of different processes and services. This also reduces costs and increases the scope for the waste. Another benefit of cloud technology is, must of the things on the cloud is pay on demand. And so, you don’t have to pay for the spaces which you’re not using.

#7 3D Printing

3D Printing has come a long way since Urbee came in existence. With the 3D printing, now all the major companies are working on 3D car prototyping. Due to safety features and cost-effective manner of 3D printed cars, industry is hoping to attract good investor in coming days.

Wrapping it up!

These were 7 top technology trends in automotive industry which you should follow. These are making the sector, more secure, cost-effective, reliable, and safe.

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Ashutosh Jha

Ashutosh Jha is a professional blogger, Blog and IT Consultant. He writes about Blogging, SEO, Making Money, Internet Marketing and Web Design.
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