Swiss startup 9T Labs employs additive manufacturing to produce carbon composites for use in the automotive industry. This allows Buy Here Pay Here (BHPH) dealers to expand their businesses and extend credit to high-risk customers. Initiatives here will increasingly involve licensing models or collaborative endeavors like GM’s with Cruise and Honda. As self-driving cars and connected cars transform the automotive landscape, it will fundamentally change how drivers interact with vehicles. Luxury Automotive Industry Outlook: Trends for 2020 & Beyond. I am willing to wager that deployment rather than development will determine the winner of the autonomous race and that China will be the first to dash over the finish line. Rebirth Of The Used Car Market: In an environment where value is paramount, the used car market will make a strong comeback. Two Speed World Economy: Globally, auto sales will recover much faster in China and the U.S. than the EU and India. The data of all road users is streamed and processed in real-time to empower smart mobility. Auto manufacturers continue their push toward the aggressive … The startup develops protocols for drone charging networks, drone flight planning, and open mobility. Luxury To Manifest In “Digital” Vehicle Functions: We expect luxury vehicle sales to decline by 30-35% over the short-term before gradually picking up over the medium- to long-term. The depleting fossil fuel reserves and the harm to the environment caused by their use call for promoting the use of electric vehicles (EVs). My team and I pioneered the “Macro to Micro” approach in analyzing Mega Trends in 2008, which has since been tried and tested with Fortune 1000 companies in developing white space opportunities. We analyzed 145 marine conservation startups. Automotive industry trends in 2020 are primarily dictated by the demands of a new class of consumers – sophisticated customers with a high level of consciousness and awareness, ever-growing needs, and environment-focused preferences. The startup’s platform, Aqueduct, is easy to install, has 4 charging modules with up to 22kW, provides monthly reports, and uses a Typ2 charging cable. The rise of transportation options and diminishing interest in car culture … According to the American Automotive Policy Council, the automotive industry is the largest manufacturing sector in the United States. Such circular economy practices will anchor the transition towards Innovating to Zero. They require both regular and emergency service, replacement parts, paint, cleaning, stereo system installations and a whole lot more. Italian startup Moi combines thermosetting composite materials and 3D printing to manufacture high-performance parts for the automotive industry. Automotive ADAS Sensors Market to Grow by $ 24.96 bn During 2020-2024 | Industry Analysis, Market Trends, Market Growth, Opportunities, and Forecast 2024 | … Connectivity. A comprehensive survey of automotive industry trends to look forward to in 2020 reveals information-centric technologies playing a central role in the future of the industry. The US-based startup Udelv provides autonomous vehicles for last-mile deliveries. We might also see car companies cut back and consolidate the number of trims, variants and powertrains. Consequently, such interfaces make the driving experience safer and more enjoyable. The digitalization and advancements in technology is expected to increase the automotive industry investments to $82 billion in 2020. Brandwatch data reveals some of the biggest consumer trends for the auto industry as we head into 2020. Learn more in our Global Startup Heat Map! Discover what will impact your business in the future! Car allowances might be (pay) cut by corporates, causing the lucrative corporate fleet market, especially the premium segment, to suffer. Dealerships across the co… You may opt-out by. The ' Automotive LCD Dashboard market' research report is latest addition by Market Study Report, LLC, that elucidates relevant market and competitive insights as well as regional and consumer information. The truck, EnduranceTM, is designed to be a sturdy work vehicle and comes with fewer moving parts compared to traditional commercial vehicles, thus enabling easier maintenance. The organization’s 2018 report says that the automakers in the country have exported vehicles and parts worth over $692 billion over the past five years. Shakeup Of The Fleet Market: Typically, fleet markets have always made gains during a period of recession. They include V2V (vehicle to vehicle) and V2I (vehicle to infrastructure) tools and systems. So far, Frost & Sullivan has already identified six such platforms with used car sales likely to migrate wholly online over the next 3-5 years. Thanks to the use of radio waves, data exchange is very quick. In April, IHS Markit released a global light vehicle sales and production forecast for 2020, predicting a 22% drop in sales across the worldwide industry from … Moreover, it finds application in verifying the supply chain of spare parts or making sure that the raw materials and spare parts are sourced exclusively from legal and trusted sources. The 2020 Global Automotive Consumer Study provides insights into how consumer opinion about these disruptive technologies may affect the future of the automotive industry and where automakers are investing to bring these advanced features to market. The 3D printed composites are more affordable, lightweight, dimensionally stable, corrosion-resistant, and also offer increased strength and stiffness. We analyzed 890 pulmonology solutions impacting the healthcare sector. The solution captures millions of data points in real-time and analyzes them to enable lenders to instantly assess and reduce risk. As in all industries, digital transformation trend in automotive are shaking things up moving into 2020 and beyond. Continuing Growth of Electrification. ), here is our pick of the top 20 trends that we believe will shape the future of the auto manufacturing industry in a Covid-defined 2020 and beyond. I am a Managing Partner in Frost & Sullivan, Regional Leader of its Middle East, Africa and South Asia (MEASA) operations and the company’s Global Practice Head of Mobility, Aerospace, Defence & Security teams. The startup’s vans have a payload capacity of approx. Scott is clearly one of the gurus of eCommerce and auto parts data in the automotive industry. Lastly, additive manufacturing of composite materials leads to automotive parts that are lighter, stronger, and more durable. Singapore-based startup Beam focuses on e-scooters to promote shared mobility in the Asia-Pacific region. Valuations of used car companies are at an all-time high (pick up some Vroom stock right away! To download the full report, please click the image below: Home; Help; About Us; Press; Contact Us; Careers; Affiliate Program; Dealer Center; Your Ad Choices New HWW features like ionizers and ozonizers that purify in-vehicle air as well as self-cleaning car surfaces will become standard offerings in cars. Automakers are now contemplating two divergent approaches: first, the Tesla strategy which aims to combine camera-based technologies to push onto Level 5 and, second, the proceed-with-caution strategy which seeks to persist with Level 2.5 for a period of time before ramping up to Level 4. Some leading manufacturers already use this technology to produce separate parts for cars. The US-based startup Procon Analytics leverages big data to offer a solution for automotive finance. Posted by Colette - 27 July 2020 28 July 2020. But what we are seeing now is the incorporation of use and reuse practices – the ‘Design to Dismantle’ principle – at the design stage itself. The startup’s technology utilizes hash codes to block malicious attacks or hacking attempts on autonomous cars and connected cars. (. Hertz’s collapse is symptomatic of the market’s decline. Accordingly, commuting miles will decrease and the role of the car, which used to be primarily for work commutes, will shift to being used for the weekends, evening trips and shorter drives. In the age of big data, advanced data analytics informs various decisions throughout the lifecycle of a vehicle. Fleets of AVs expand the scope of last-mile deliveries, reduce downtime, and aim to make public transportation relatively safer. Some wonder why pickup trucks tend to lag behind cars in average age. The Internet of Things (IoT) has led to a wave of connectivity … People Love Cars Again. I foresee two major shifts here: one, from the premium segment to more volume segment offerings and, two, from being primarily city-based models to becoming more pan-country based models. The technology also automates payments for fuel and tolls. Our midyear outlook focuses on three manufacturing industry trends to follow in the second half of 2020 as companies attempt to recover and thrive . I usually begin the year with a roundup of the top automotive trends for the upcoming year. Get in touch for a head-start on startups, scaleups & disruptive technologies to discover what will impact your business in the future! Another example relates to the need for dedicated platform and vehicle architecture to manufacture EVs. By and large, these changes will … Autonomous vehicles or self-driving vehicles aim to minimize the need for human drivers and look poised to transform everyday transportation. 2020 is going to be a big year for the Automotive Industry globally. 5 Top Pulmonology Solutions Impacting the Healthcare Sector. However, companies in the automobile industry should be ready to re-think the whole concept of driving experience in the nearest future. In their pursuit of value creation, retention and enhancement, automakers will push forward on connectivity platforms, personalized offerings and FoD services. British startup Cube Intelligence develops a blockchain-based security platform for autonomous vehicles. Looking ahead to auto industry trends in 2020. Artificial intelligence technologies such as machine learning, deep learning, and computer vision find applications in robotic automation within the automotive industry. I am also the founder of a think tank group that works on future (Mega) trends. Learn about the auto parts industry and how it is evolving to more online sales and away from brick & mortar. This mea… Our top automotive industry trends in 2020 are completed by V2X systems, which belong to the newest generation of Intelligent Transport Systems. Moi uses continuous fiber manufacturing (CFM) technology, robotic intelligence, and digital fabrication to deposit fibers. Further, as countries look to move away from fossil fuel use, a significant number of emerging electrification startups develop electric vehicles and the associated charging infrastructure. Firstly, it enables rapid prototyping with 3D printed models that accelerate the design and testing phases of production. 1. The push for electric cars and driverless cars is strengthened by advancements in machine learning and IoT. Connected car platforms push differentiation. Connected Car IoT Platforms: Much like mobile phones, we will see operating systems becoming standard for cars. Canadian startup KonnectShift provides IoT solutions to optimize fleet and asset management. For automotive, the startup develops predictive models that encourage car companies to improve marketing or operations and increase their revenue. This assists the drivers in keeping lanes, prevents collisions, and enables autonomous driving options. Technology is at the core of all these changes, as you would have guessed. Depending on your specific needs, your top picks might look entirely different. Startups and emerging companies develop advanced sensing technologies to gather more data about the vehicle as well as allow the vehicle to understand its surroundings. The Innovation Map below visualizes the major trends that impact the automotive sector and showcases two hand-picked startups for each. Further, this also offers software solutions for fleet and asset tracking as well as connected cars. Here are Scott’s predictions for automotive industry trends 2020: The US-based startup Apex AI enables automotive companies to implement complex AI solutions. Unlike two-dimensional (2D) and three-dimensional (3D) object detection technologies that consider limited parameters, their solution checks for head position, eye contact, and leg movements of the pedestrians, weather conditions, and assigns a risk level. In addition, the solution works with any EV charger and enables new features to be shipped throughout the network. With connected vehicles, new business models have come up that focus on shared mobility as an alternative to traditional vehicle ownership. Midyear 2020 outlook: Understanding new manufacturing industry trends This year began with the manufacturing industry just starting to gain some momentum when the COVID-19 pandemic hit. Many believe that 3D printing is not just a new tech trend but the future of the automotive industry. Top 20 automotive trends for 2020 and beyond. Growth In Share Of Wallet Across Product Lifecycle: Car companies now focus not just on selling hardware, i.e., the metal, but equally on generating continuous revenues across the lifecycle of the vehicle. The latest digital systems have been designed to enable the exchange of information between cars and roadside infrastructure (for example, road signs or traffic lights), as well as between different vehicles. Automakers will perforce create differentiated Gen Z focused strategies, while special models underpinned by connectivity technologies —I think the Chinese will steal the thunder here, again—will be designed to appeal to Gen Z customer preferences. The real challenge now will be not to build more models but to drive greater personalization. I usually begin the year with a roundup of the top automotive trends for the upcoming year. These include sharing vehicle data over a secure network for connectivity and shared mobility solutions such as ride-hailing, urban transportation, and deliveries. Such solutions meet the requirements of a city or a business without adding new vehicles, thus reducing waiting time for fleets and pollution caused by petrol or diesel vehicles. Discover impactful industry trends, promising startups & emerging companies, and our Global Startup Heat Map in this article! These guide self-driving cars, manage fleets, assist drivers to improve safety and improve services such as vehicle inspection or insurance. New Collaborative Business Models To Accelerate: Informed by a partnership / collaborative approach, new business models are set to mushroom across the value chain. 5 Top NLP Startups Integrating Electronics Health Records (EHR). Subscription model booms. This includes our forecast for online sales of auto parts. For the five years prior to the recession, average age rose only 4%. Israeli startup NoTraffic develops an AI-powered traffic signal platform that digitizes road infrastructure management and connects drivers to the city roadways to manage various traffic-related challenges. For instance, car companies will also become charging point utilities, much like what VW has done. Let’s have a deeper look at each trend and its likely implications for 2020… As car companies revisit their value chains, they will evaluate reused and shared parts for new product development. Nowadays, vehicles come with a tamper-proof digital identity that differentiates them … This site uses cookies to ensure you get the best experience on our website. For greater adoption, EVs need to address issues such as high price, poor battery, inadequate charging infrastructure, fleet electrification, as well as powering renewable energy-based charging grids. Another way to reduce the number of cars on the road involves promoting and creating shared mobility solutions that include first and last-mile connectivity along with urban mass transit. Opinions expressed by Forbes Contributors are their own. MedInReal, Mutuo Health Solutions, Plasticity, talkEHR & Emtelligent develop 5 top solutions you should watch out for. We are able to forecast the trends owing to our expertise in research, survey, and industry experience. A glimmer of hope will come in the form of growth in private leases. Rise Of Lean Product Development Strategy, Diversification Of Supply Chains: The Covid crisis has highlighted the overdependence of the auto industry on Chinese suppliers for parts, especially in the electric vehicle (EV) market. Awayr also builds solutions to manage driver attention in unconventional situations, such as autonomous vehicles that may occasionally need human intervention. Our Innovation Analysts conducted an exhaustive analysis of 4.859 solutions and present the top 10 Automotive Industry Trends & Innovations in 2020 & beyond. Moreover, the solution is customizable to any car model or specific OEM requirements. However, it has provided automakers with an unexpected opportunity to introspect and home in on the most impactful ideas and trends that will shape their future in the decade ahead. The startup’s vehicle management system provides insights into speed, running vitals, and health information. As downstream functions in the car also experience rapid digital transformation, OEMs will need to redesign their digital retailing strategy. Light truck… In the past few months, my team and I started from scratch, tracking and dissecting the effects of the pandemic on the mobility industry. Blockchain finds multiple applications in the automotive industry. In contrast, the continued focus of German and Japanese automakers on horsepower could soon end up becoming misaligned with the new digital architecture requirements of vehicles. Further, the micro-mobility platform offers a sustainable alternative to short-distance rides and helps regulate traffic flow in cities. Worldwide, the Automotive Aftermarket Parts Industry is forecast to achieve $723 billion in sales by 2021. Data gathered from vehicles enables predictive maintenance, informs managers about their fleets, and alerts concerned authorities in case of accidents. Today, it stands at a record-high 11.3 years for passenger cars and light trucks combined, representing a 14% increase since 2007. Below are three key trends we can expect in the auto industry this year, with tips on how automakers can use these trends to fuel success in 2020 and beyond. The US-based Startup Lordstown Motors Corps makes an all-electric pickup truck. AVs are equipped with advanced recognition technologies, such as AI-enhanced computer vision to identify obstacles along the route. As a result, the solution is easily scalable for producing composites for panels, frames, and interior components. Additive manufacturing near production sites, AI-based automated inspections, the use of big data to inform design and production, and human-machine interfaces are reinventing the manufacturing processes for automotive players. We analyzed 173 startups developing natural language processing solutions for electronic health records. Industry Top Trends 2020: Autos We expect no revenue growth for the industry in 2020 and 2021. Automotive Trends You Should Expect to See by 2020 The world today is going through a radical revolution. Get our free newsletter for insights into in technology, startups, and our services. Indian startup RevitsOne offers an AI-powered fleet-management software that is suitable for fleets of varying sizes. This reduces false positives in pedestrian detection and enhances the safety of autonomous vehicles. As a result, car companies are working on what we call “customer transformation”, in essence, creating personalized and customized digital solutions across the customers’ lifecycle management of the vehicle. For this research, we analyzed 4.859 startups and emerging companies and present the Top 10 Automotive Trends along with 20 highly relevant solutions for each of them. I expect over 100 connected car features to be available to consumers across emerging and developed markets by 2025, from current figures of less than 40 in most high-end vehicles. As part of our look at automotive digital marketing trends, we included our annual projection on auto parts eCommerce trends for 2020. Our Innovation Analysts conducted exhaustive data-driven research to identify the various innovation trends and technologies emerging in automotive.