An analysis of the technological advancement of the automobile industry

Agricultural history of the United States In the 17th century, PilgrimsPuritansand Quakers fleeing religious persecution in Europe brought with them plowsharesgunsand domesticated animals like cows and pigs.

An analysis of the technological advancement of the automobile industry

Snapshot Present-day vehicles are becoming more connected than ever before. The rising level of connectivity in vehicles is enabling new business models. With the aim of gaining a competitive edge in the intensely competitive global auto industry, automakers, service providers, and suppliers are increasing their focus on cognitive IoT as one of the most promising transformative forces.

Connected vehicles are now becoming increasingly capable of analyzing real-time data, providing new insights about the overall state of various parts of a vehicle and its internal processes to vehicle users and fleet operators, helping significantly optimize their experience.

Information is derived from vehicles and in-vehicle data to understand the drivers, helping reduce the number of accidents from the present average, reduce fuel costs, and boost productivity.

An analysis of the technological advancement of the automobile industry

Looking forward, one thing can be stated without doubt - technological advances will play a critical role in the development of automotive IoT market. The move from conventional automotive systems to completely connected ones has the potential of significantly bringing about a host of benefits in terms of fuel consumption, reduction of the risk of accidents, and boosting productivity.

However, bringing this vision into reality will require that the transportation ecosystem achieves a high level of collaboration and a vast set of technological advances spanning critical fronts such as connectivity technologies and the vehicle infrastructure.

Global Automotive IoT Market: With IoT, automobiles are now equipped with value added services and applications such as automated driving and real-time traffic alerts to improve the overall driving experience. Owing to increased disposable income among the urban population and demand for technologically advanced products, the automotive sector is currently flourishing.

This factor is reflecting positively on global automotive IoT market, which is projected for a strong growth rate during the forecast period of to Automotive IoT makes for a progressive market and this report is a comprehensive analysis of the current situation of the products and technology.

Based on an in-depth analysis of all the major factors that are expected to influence the demand in the near future, the report estimates the future state of the market. It also contains a dedicated section on company profiles, wherein a number of key players have been analyzed for their market share, product portfolio, research and development activities, and geographical presence.

The global automotive IoT market can be segmented on the basis of offerings into hardware, software, and service, on the basis of connectivity form factor into embedded, tethered, and integrated, on the basis of communication type into in-vehicle communication, vehicle-to-vehicle communication, and vehicle-to-infrastructure communication.

By application, the global automotive IoT market can be segmented into infotainment, navigation, and telematics. Geographically, the report studies the opportunities available in the regions of North America, Asia Pacific, Europe, and Rest of the World. Drivers and Restraints The automotive IoT is internet connected vehicles that can communicate with other vehicles and infrastructures.

With the growing number of vehicles, especially in the urban locations, the need for real-time traffic alert is escalating.

With the Internet of Things, it is possible to update the end-users about congestions on the road and alternate routes on the real time. This factor is the most prominent factor driving the market for automotive IoT.

Considering it as the future of the automobile sector, several companies with financial might are aggressively investing on the research and development of new products and technologies pertaining to automotive IoT.

This encouragement is significantly benefitting the global automotive IoT market.attention to technological factor dynamism such as technological invention, advancement in technology, availability of the state of the art technology, nature of technological changes and diversity of technology in the.

As the auto-shows starts in February , the industry promised a blend of technology and automotives. With the recession trend breaking its leashes form the past two years, is expected to get back on track with the sales of automobiles in the country.

An analysis of the technological advancement of the automobile industry

Other factors driving the growth of this market include poor road infrastructure in developing economies, and technological advancement. Expansion of established companies into emerging economies and increase sales of vehicle components through online channels would provide numerous growth opportunities in the market.

The automotive industry is regarded as one of the more cutting edge sectors that often leads the way for new technologies such as artificial intelligence and autonomous systems. Blockchain is being seen as one such technology, and it is unsurprising that the industry is immersing itself in this new space.

With rapid technological advancement and growing energy efficiency demand in automobile industry, automotive lighting market is expected to represent substantial growth at . The use of V2X technology is rapidly increasing in the automotive industry. V2X offers automobile manufacturers with a cost-effective and versatile form of wireless connectivity.

Automotive V2X enables features such as enhanced safety features, in-car real-time data and is now included as standard equipment on millions of new cars and commercial vehicles.

Automotive IoT Market - Scope, Size, Share, Analysis by