The automotive industry is facing upgrades considering manufacturers have to adopt new fads to stay ahead of competition. If you thought it stopped at 3D Prototyping and additive manufacturing think again. Simulation of both trends and new technology is taking heavy toll while 2018 is underway.
Top eight Trends in the Automotive Industry
It comes as a relief that 2018 will reform you are bunged up navigation system to align with Siri. If you are part of the automotive industry these innovative trends will phase out the old and reform your business to make it attract prospective investors.
If you have felt less attached to your car because of traffic that prompts you to take the tram or subway you are going to love this one. Industry experts found out how convenient it is to share a car and this is bound to reduce carbon footprints immensely by 2030.
Car sharing is not solely inspired by ‘going green’. Technavio’s market analysts foresee a huge customization of car sharing in 2018. It is already happening and Uber is speeding up the transition. The next time you take an Uber you will have access to an auxiliary cable for music as well as snacks.
Ride sharing is cropping up fast and even emerging countries are picking up pace. If this spins out intact, expect one out of every ten cars to be a shared car.
Counterfeits in the automotive industry is a needle in a haystack scenario. Manufacturers in the processing industry streamed in blockchain to counter counterfeit parts. How this improves pricing, you may ask.
It is all in the blockchain ‘thunder’. Blockchain capabilities remove counterfeit parts with a signature identification. You will no longer be prone to overpricing because blockchain makes the whole system transparent and so far, it has overly improved pricing. This strain is one that industry experts believe will absolve you from unfair pricing in the car market.
Imagine what it would be if your car had a ‘predictive parking’ feature. Manufacturers are looking to make cars smarter and this on full scale will mean digital services incorporated around prediction. First off, your car’s interface should be artificial intelligence to place your car on the smart wave.
When your car is connected to the Al interface parking hassle will be downed to half. Predictive parking will allow your car to extrapolate free parking space when you arrive at a new destination and it does not stop there.
Predictive vehicle maintenance is the after sale convenience you have long waited for. Your car intelligence will predict when your car is bound to fail and schedule a maintenance in a nearby repair shop. Your indulgence in ordering spare parts will be uncalled for and it safe to say soon self-configuration will stream in soon.
Industrial experts predict that if this shade kicks in your car will be able to predict your preferences for road and weather configurations. If your car will tweak configurations such as suspensions on its own, imagine how after sales will buckle under such convenience.
No more interval based after sales for you and more of needs based after sales.
Next generation bling slipped the manufacturer’s grip but that seems to change soon. Augmented reality is being fast affiliated to display in cars from its previous norms like engineering, marketing, and construction.
Augmentation is double efficiency because it similarly bores a new technological concept: digital twins. Virtual 3D representations of physical products is bound to make each car have its own digital copy.
The mix between SUVs and sedans is an emerging convenience that will help you travel without worrying on comprising your style. For you to count on an SUV that has both operational and fuel cost effectiveness, you will; have to deliberate on choice.
Therefore, it will come as a relief to hear a crossover between SUVs and sedans. Crossover vehicles do not compromise style or in flinch on comfort. In 2018, it was the big break for crossover vehicles with an array of experiments and big investments expected to take off.
Electric cars have swept through the motor world and sold a stunning 10 million units since their first unveiling in 2016. If that is not satisfactory, take it from General Motors, VW, and Daimler AG: the stalwarts buying fast into the electric car market.
You are bound to see cars that are more electric on streets starting 2018 considering the huge market share they dominate in the European market. This is undisputed considering how fast non-renewable energy sources are depleting.
In 2018, alone industrial experts foresee a 6% increase in the sale of electric cars. The 6% accruing from the 12% crossover to the US markets from the 5% in the UK market.
Level 5 autonomous driving has been a long awaited feat bummer though because we will perhaps feel the thrill of level two autonomous driving alone in 2018. Level five maybe in the next 12 months but level here may come soon for premium vehicles. If it does come, you can count on self-parking capabilities and traffic jam assists.
Even though car manufacturers might get past technological hindrances impeding full self-driving, it will be a while before they avoid regulation. Moreover, if your country will not allow you to use level three features that your premium car will come with.
Full self-driving is a flare of finesse, one you ought to look out for because you will not have to worry about compromising your comfort or style. It comes with tidings like reduced accidents, better traffic management, and increased passenger comfort.
Watch out for autonomous giants making their debut and even surpassing Google and Uber.
If you are not already knowledgeable, 3D printing is revolutionizing the automotive industry. Starting from the unsuspecting F1 to supercars like the Lamborghini Avetador to hypercar like the Koenigsegg, the 3D printing wing spun is massive.
It has huge preference because it has reduced lead-time and it ousts traditional manufacturing. For instance, it takes you only 20 days to make the Avetador in 3D printing and 120 days if it was, manufacture was traditionally.
Looking at these trends makes the automotive industry the prospective for investment. It is more like technology has vouched heavily for the industry because 2018 alone makes it the apex industry: a welcome sight. The stock market does not have feats like those that these eight trends talk about level five autonomous driving and 3D printing the horizon is gold.