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 … READ MORE >>>