The industry is incorporating new technologies into its operations at a never-before-seen rate. Information-centric technologies will play a significant part in the industry’s future, according to a thorough analysis of trends in the automobile sector for 2022. Newer technologies like the internet of things (IoT) and blockchain, in addition to more established ones like artificial intelligence (AI) and big data & analytics, have many uses in the automotive industry.
Technology Trends In Business
The top 10 trends in the automobile industry that will affect businesses in 2022 are listed below.
1. Autonomous Vehicles (AV)
Autonomous or self-driving cars reduce the need for human drivers and appear to revolutionize daily transportation. Fleets of AVs aim to make public transportation somewhat safer, increase the range of last-mile deliveries, and decrease downtime. For instance, by lowering accidents brought on by carelessness or driver exhaustion. Similar to computer vision, AVs also have cutting-edge recognition technology with AI enhancements to recognize any barrier or obstruction along the way.
2. Vehicle Connectivity
Their tamper-proof digital identity differentiates present-day vehicles from others in the network. This helps them to easily track vehicular data for various cases, including insurance, driver safety, predictive maintenance, and fleet management. Sharing vehicular data improves the whole mobility ecosystem and not just helps the customer alone.
3. Developing electric cars
The need to encourage the adoption of electric transportation solutions is driven by the dwindling fossil fuel reserves and the harm their use causes to the environment. To be widely adopted, EVs must overcome problems such as high cost, bad battery, inadequate charging infrastructure, fleet electrification, and powering renewable energy-based charging networks. Startups are developing electrification solutions in response to these issues and the requirement to address the rising greenhouse gas emissions worldwide.
4. Shared Mobility
Due to linked automobiles, new business models have emerged emphasizing shared mobility as an alternative to traditional vehicle ownership. As a result, new automobiles are discouraged, and mobility-as-a-service (MaaS) is enabled. Without purchasing additional vehicles, these solutions satisfy the needs of a city or a company, lowering fleet wait times and pollution from gasoline or diesel vehicles.
5. Artificial Intelligence
Artificial intelligence technologies, such as computer vision, deep learning, and machine learning, are used in robotic automation in the automotive industry. These direct autonomous vehicles improve vehicle inspection and insurance services, manage fleets, and make driving safer. AI is also used to produce automobiles, lowering costs and speeding up production.
6. Big Data and analytics
Big data and sophisticated analytics are used to make decisions throughout the lifecycle of a vehicle. Vehicle data enables predictive maintenance, provides managers with fleet information and notifies relevant authorities during an accident. Additionally, customer automobile data has been used to boost sales, streamline supply chains, and improve product design for more recent vehicles. Startups and new businesses create big data solutions to assist automakers and related sectors in streamlining their processes to increase profitability.
7. Human-Machine interfaces
Drivers’ interactions with their vehicles will radically shift as self-driving and connected automobiles change the automotive industry. Human-machine interfaces based on voice or haptics are used in vehicle control systems. These increase the number of automobile-related operations that users can carry out. Thus, these interfaces increase driving enjoyment and safety. Smart virtual assistants that aid users in interacting with vehicles and other service providers are another type of HMI.
Numerous automobile applications are made possible by blockchain. Connectivity and shared mobility solutions like ride-hailing, urban transportation, and deliveries include sharing vehicle data over a secure network. Blockchain can also be used to ensure that raw materials and spare parts are only supplied from legitimate and reputable sources or to validate the supply chain of extra components.
9. 3D Printing
Three primary advantages of 3D printing for the automotive industry are as follows:
1. It facilitates rapid prototyping with 3D printed models that quicken the production design and testing phases.
2. It enables manufacturers to print replacement parts that precisely fit their needs.
3. Vehicle parts made with additive manufacturing composite material are lighter, more rigid, and more durable.
10. Internet of Things
IoT makes it possible for automobiles, infrastructure components, and vehicles to communicate securely in the automotive sector. With better fleet management, technology decreases pollution and energy use, clears up traffic jams, and improves road safety. Startups and growing businesses create sophisticated sensing technologies to learn more about the vehicle and give it the ability to comprehend its environment. Additionally, gasoline and toll payments are automated via technology.
The development of in-vehicle connectivity and IoT is accelerating as new businesses attempt to create the first completely autonomous vehicle for city roads. Additionally, as nations strive to reduce their reliance on fossil fuels, a sizable number of new electrification startups create electric cars and the charging infrastructure that goes along with them.
Gaining competitive advantage requires early adoption of new prospects and development technologies in your firm. Hybrid cars, robots, and automotive sensor technologies, among others, will change the industry as we know it today. Only a small portion of the automotive trends we discovered throughout our extensive investigation are included here.