The automotive industry is not spared from the yearly salvo of changes projected by industry experts. While 2019 is already a great year for the automotive industry, 2020 offers an even more significant development.

And since consumers are endlessly clamoring for 24/7 seamless connectivity. This year’s automotive aftermarket industry trends dictate that the industry will be more focused on better driver experiences and more connected automobiles.

Specifically, here are some of the surprising trends in the automotive industry that everyone can expect to see in 2020.

Continued Flourishing of Electrification

Auto manufacturing firms will move forward with the 2025 Corporate Average Fuel Economy (CAFE) standards. Moreover, this will be manifested in the form of ramped-up electrification mechanisms and mild hybrid program expansions. Fully electric and hybrid plug-in vehicles will also be offered.

The market can see a vast range of new electric vehicles entering the automotive market next year. This includes the following:

● Tesla’s Model Y: Crossover build based on the platform of Model 3

● Mini Electric: Will have the same technology like BMW’s i3

● Volkswagen’s ID series: Expected to include a small hatchback, a crossover vehicle, and Microbus’ electrified reboot

Stronger Growth of Startup Automobile Companies

The 2020’s automotive aftermarket industry trends also suggest an increase in the number of automotive startups. More and more companies are following Tesla’s lead to be the next big startup. Most of these companies are also investing in electric propulsion.

A California-based startup, Rivian, just got a $700 million funding from Amazon this year. Rivian hopes to beat Tesla with the release of R1T, Rivian’s fully-electric truck.

Better and More Optimized Digital Platforms

To meet and exceed the demands for vehicle-embedded sophisticated technology, automobile companies need to invest a considerable chunk of their corporate budget in their vehicles’ digital platform upgrades.

Earlier this year, BMW announced that they are releasing the first wave of updates that can be done remotely or Over the Air (OTA). This sophisticated technology allows your vehicles to upgrade their software and operating system, just like how you upgrade smartphones and computers.

General Motors (GM) also announced that they are releasing a brand new electrical platform that can meet the bandwidth requirements of their future vehicle lineups. This new platform can manage up to 4.5 terabytes of data processing every hour. This rate is five times faster than their current electrical system.

Expanded Conditional Automation

Conditional automation is also known as level 3 system automation. This gives vehicles that certain autonomy level that allows it to monitor its environment and disengage its driver from such safety functions as braking.

The Traffic Jam Pilot of Audi, the Drive Pilot of Mercedes Benz, and the Super Cruise from Cadillac are all the same systems. They give opportunities for the automobile to assume crucial driving functions in specific scenarios. These functions are currently available on selected vehicles only. However, in the coming year, these can be seen in more vehicles.

Where can you get detailed insights into the automotive industry?

If you want to know the recent trends in the automotive industry or any given industry, or if you want a team of experts to conduct market research for your firm. Then, you should consult with DuckerFrontier. Currently, they offer various services like research and insights, consulting, and mergers and acquisitions.

Be ahead in your field with recent facts, information, and studies. Partner with DuckerFrontier today.

LEAVE A REPLY

Please enter your comment!
Please enter your name here