The automotive industry witnessed a number of changes in the past one year, prime among which were the steady inroads of new technologies and the fast changing consumer habits. If anything, 2018 has proven how important it is for stakeholders to keep up with the latest trends in the automotive market. With this in mind, here is a look at the major trends that are expected to affect the automotive market in 2019.
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Internet Of Things (IoT) and AI-led Transformation
There’s no doubt that we are going to see much more technology-driven disruption this year. IoT and AI technologies will continue to bring new and unprecedented transformations in the automotive sector, through autonomous driving, electric powertrains, shared mobility besides vehicle and device connectivity.
In consonance with this, auto manufacturers are expected to begin introducing models with AI interfaces in 2019. The software will be integrated into the automotive infotainment system such that a virtual personal assistant can provide real-time information, respond to vocal demands and guide drivers in conjunction with a smart technology system.
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Multimodal Mobility
With the aid of Big Data and data analytics, public private partnerships will pave the way for flexible, resource-efficient and on-demand multi-modal mobility solutions. This will be in consonance with new policy initiatives aimed at promoting sustainable and streamlined urban transportation. In this set-up of multi-modal transport, three wheelers can play a key role in providing door-to-door connectivity. ASK Automotive is known among auto manufacturers for its expertise in designing quality three wheeler clutch Plate.
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Vehicle Subscription Services
Vehicle subscription services look ready to explode thanks to their huge demand from millennials and Gen Zers who make an overwhelming majority of the customer base. It is their rising preference for access to a vehicle, rather than its ownership of, which will drive the demand for subscription services.
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Smart vehicle technology
This technological development is already being implemented and expected to further transform the experience of drivers in the coming few years. Under this, the vehicle-to-vehicle technology allows vehicles on the roads to communicate with each other, while vehicle-to-infrastructure technology extends that communication to road structures such as traffic lights, parking and petrol stations. This technology is going to be instrumental to the future of driverless cars.
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Increased electrification
The popularity of electric cars has been steadily on the rise since they were first introduced into the market and this is expected to continue well into 2019, thanks to government policies across the world working to that end. More money is now also being invested into refuelling stations, charging technologies and hybrid infrastructures. A number of ambitious start-ups are expanding the electric vehicle (EV) industry. With stricter emissions norms and regulations, there is expected to be a flurry of new model launches.
That said, the industry of petrol power trains is not showing any signs of giving up either. To catch up with the demands of the market, some advances have been made in petrol engine technology to facilitate the transition to pollution-free modes of transport.