Nowadays, various technologies are advancing at a tremendous speed and potential. Let's take a look at what innovations are being introduced into the car market. Let's go!
Autonomous vehicles
Cars equipped with an autopilot systemincrease the level of safety on theroads, reduce the number of accidents that occurred due to the negligence of the driver, that is, a person, not a car.
The sensors of theLiDAR system create a 3D space. They help to identify obstacles and react in time to the traffic situation. The system processes data from sensors and video cameras to create the safest possible environment for the vehicle.
Also, autonomous vehicles minimize the need for rivers, there by increasing the efficiency of taxis and other modes of transportation.
Electrification
Environmental problems: fuel emissions, gas pollution, depletion ofoil reserves. All this prompted engineers to the idea of electrification of transport. This logical move is already known all over the world. Now this technology is being improved and scaled. Unfortunately, high costs, limited battery life and a narrow recharging system lead to the fact that humanity is not yet ready to completely switch to electric vehicles. Various companies, mainly Chinese, American and European are working to eliminate these problems. They are expanding the charging system and paying attention to improving power supplies. These innovations advance civilization in the fight against greenhouse gases. And according to forecasts, the number of electric vehicles will grow by 9.8% in 2024-2028.
3D printing
3D printing brings significant benefits to the automotive industry in three key areas.
First, it speeds up the design and testing process by creating prototypes quickly. Secondly, it allows you to make spare parts to order.
Finally, it allows for the production of lighter, stronger, and more durable automotive parts using composite materials.
The automotive 3D printing market is expected to reach USD 1.8 billion by 2026, an increase of 11% compared to 2021-2025, highlighting its growing importance in the automotive industry.
General mobility
The developing car rental system and taxi service lead to the fact that people are gradually refusing to buy their own car. Modern technologies provide an alternative to the traditional way of life. Mobility, as a service, reduces the number of automotive industries and expands the number of logistics businesses.
The fewer cars, the fewer trafficjams. Accordingly, the decrease gradually inclines the automotive sector to gradually reduce the total percentage of car owners. And this trend will certainly have a positive effect on the environment.
Artificial intelligence
Artificial intelligence is the brain of the autopilot. Self-driving cars are operated using AI. And inturn, technology plays a key role in the operation of this type of transport.
It increases the percentage of safe trips and is gradually improving.
Computer Vision, Training and Machinery. All these factors are inextricably linked with the «brain» of an unmanned vehicle. Gradual robotization of the market reduces the cost of fleet maintenance and insurance. There is a trend associated with the fact that fully autonomous unmanned vehicles will appear in the near future. Personalization and safety will be key aspects in choosing a car.
Human-Machine Interfaces
We can talk endlessly about car maintenance, it is worth touching on the topic of the connection between a person and a car in the cabin.
Voice assistants help simplify the interaction between the car and the driver. Human-machine interfaces, communication systems, increase control over various functions of the car. Some technologies that previously needed manual control are now delegated to a computer. You just need to give a command. This increases the level of driving pleasure and safety.
The global market is expected to progress very rapidly in the field of machine and voice service connectivity.
Blockchain
Blockchain technology is increasingly being used in the automotive industry for various applications. It enables secure data exchange for connected and shared mobility solutions, including taxis, urban transport, and delivery services.
In addition, blockchain plays an important role in verifying the supply chain of automotive parts, ensuring that materials and components are provided from reliable suppliers.
The global automotive blockchain market is experiencing significant growth – it is projected to reach USD 6.11 billion by 2032.