Automotive industry trends 2020 pdfFront lighting application finds the largest application in automotive, followed by rear lighting. In 2015, automotive business investments in key focus areas were about $19.57 billion. Growing digitalization and advancements in technologies will increase the investments to $82.01 billion by 2020. The speedy pace of digitalization is transforming the component hardware-driven automotive sector to a software and solutions-focused sector, accelerated by consumers’ evolving digital life style expectations and demands for new and innovative services.
Nonetheless, the slow pace of time-to-market can also be a large opportunity for automotive brands. Revolutionary automobiles that address gaps in the market can enjoy years of success even though the competition scrambles to catch-up. There has rarely been a a lot more fascinating time to actively shape the automotive industry future. In the approach, a prominent function has fallen to IT and the parties managing it.
Sector players are focusing on introducing advanced LED lighting solutions as nicely as expanding their presence in developing automotive markets such asChinaandIndia. For instance, Magneti Marelli, a top manufacturer of sophisticated lighting solutions for automotive market, has set up new plants in India and China in fiscal year 2014-15 to take benefit of these expanding automotive markets.
The Six Trends Driving Alter In The Automotive Businessautomotive market trends 2020
automotive market trends 2020Electric cars , autonomous cars, car-to-car connectivity-any individual who pays even a tiny bit of consideration to the automotive sector has an inkling of what the future of driving will look like. It … READ MORE >>>