Digitization and automation are revolutionising the automotive industry. Vehicles are shifting towards the integration of technology-driven trends such as diverse mobility, electrification, autonomous driving and connectivity.
Strict emission regulations, rising environmental concerns and need for sustainable fuel has propelled demand for electric vehicles. Hybrid, plug-in hybrid and battery electric are the various types of electric vehicles available in the market. Factors such as lower battery costs and increasing availability of charging infrastructure are resulting in increased consumer acceptance of these vehicles.
The concept of autonomous or driverless cars has intrigued both consumers and manufacturers as it eliminates the need for human involvement in driving and navigation. These vehicles are expected to reduce the number of road accidents as approximately 90% of accidents are caused by human errors. The vehicle intelligence system which provides advantages of collision avoidance, emergency braking and parking assistance are expected to drive the concept of driverless vehicles. However, high cost and dependency on GPS satellites for navigation are expected to be the key restrains for the market.
Rising mobility related information, in-car infotainment services and emergence of other applications in vehicles are driving the growth of connected cars. These vehicles offer benefits such as security, emergency call, convenience, comfort, performance and safety combined with powerful network technology.
With the increasing integration of technology in vehicles, the manufacturers and suppliers are faced with various challenges such as increasing number of spare parts and options, shorter technology lifecycle and ever growing customer expectation for advanced technologies. The increasing complexities in vehicular functions and components are generating the need for specialized and trained work force. Safety and driving comfort has become an utmost importance.
ASDReport.com offers a rich repository of reports on general vehicles market. The reports cover various vehicular products and technologies like, mobility scooter, vehicle telematics, vehicle intelligence systems market, vehicle security systems, vehicle surveillance and much more.