Automotive Industry Trend Analysis

Are you ready for what’s coming in 2024 and beyond?

By 2030, we expect 90% of new cars will be built for connectivity. Technological advances in these areas are completely reconstructing the way we think of automotive manufacturing. Here’s an at-a-glance look at what to expect and how to prepare. By the end of this analysis, you will have a jumping-off point to better understand the following trends for vehicles:

• Connected cars (and the IoT): vehicles capable of ‘communicating’ with each other and the surrounding infrastructure, otherwise known as the Internet of Things.
• Autonomous and automated vehicles: the transition from human-operated vehicles to self-driving or driverless vehicles powered by intricate networks of sensors, cameras, and advanced software
• Shared and service vehicles: an integrated model comprised of shared mobility, fleet management, and personalized customer services.
• Electric vehicles and the electrification of power supplies: The heightened push to produce electric vehicles (EVs). Companies like Ford have heavily invested, announcing plans to invest $29 billion in electric and autonomous vehicles through 2025.

Staying ahead of trends is crucial for industrial manufacturing professionals and businesses to stay relevant and avoid becoming a relic of the past.

This research was conducted primarily using Valona’s platform. You can carry out this research using the Valona Platform. It is designed to give your company the insights it needs to make bold, lucrative strategy decisions.

Some are emerging breakthroughs, while others are established trends that continue to push boundaries.