The automotive industry is experiencing a widespread revolution in terms of technological enhancement. Countries across the world are drastically shifting towards new technologies, sustainability policies, and changing consumer buying behavior regarding vehicle ownership. Growing automation, digitization, introduction of artificial intelligence, and emergence of new business models are transforming the automotive industry in every way. All these ...

The automotive industry is experiencing a widespread revolution in terms of technological enhancement. Countries across the world are drastically shifting towards new technologies, sustainability policies, and changing consumer buying behavior regarding vehicle ownership. Growing automation, digitization, introduction of artificial intelligence, and emergence of new business models are transforming the automotive industry in every way. All these factors act as a catalyst to major pathbreaking trends in the automotive industry, including vehicle electrification, connected vehicles, autonomous driving and mobility as a service, big data analytics, human-machine interface, internet of things, and 3D printing, among others.

In the forthcoming period, some of the collective focus of the automotive industry worldwide includes lesser emission of exhaust fumes from vehicles, greater accessibility of automobiles to the users, simplification and enhancement of driving experience, and development of faster and more convenient commuting. Moreover, from the point of view of the customers, it can be predicted that the future of driving will be safer, easier, more comfortable, and cheaper in the long run. Simultaneously, the personal mobility segment revolution will force the automobile industry to reinvent itself to a great extent.

TechSci Research covers a wide portfolio of automotive products and services, including automobiles, auto components, automotive technologies, automotive services, etc., under its offerings. The automobile industry is crucial for the economic development of countries across the world. Therefore, the government in most countries is aiming to raise the automotive sector's gross domestic product (GDP) contribution to make the industry more sustainable. Many major automotive companies are becoming global leaders, and in order to retain their global dominance, they are continuously investing in research and development (R&D) activities to enhance their product portfolio. Further, companies are also focusing on developing cost-effective, enhanced and more effective production processes to keep up with the highly dynamic automotive sector. All such factors are cumulatively projected to drive the growth of the automotive industry across the world.