The Automobile industry is currently seeing rapid growth in the manufacturing and selling of connected cars, thanks to features like usage-based insurance, real-time navigation, auto-pilot driving capabilities and others that bettered the public’s opinion on the vehicle type.
On this note, the global auto technology market is expected to reach $40.1 billion by 2027 according to the most recent market estimates. The analysis also predicts that growth will take place at a CAGR of 13.1 percent during this period. Adherence to fuel efficiency standards and the requirement for reducing auto downtime are just two among many factors contributing toward the industry’s predicted growth.
To put the spotlight on such key developments in the industry, Auto Tech Outlook illustrates how companies are leveraging the latest technologies to expand on automobile technology to meet the growing expectations of businesses. The edition features thought leadership articles from Moshe D. Pourad, Co-Founder, 26 Motors Corp, who speaks about emerging tech trends that hold massive potential in propelling the auto tech industry forward, and Robin Milavec, Senior Vice President, Executive Board Director, CTO & CSO, Nexteer Automotive, who delves into vehicular improvements made from the intersection of electrification and the full-size truck market.
In this edition of Auto Tech Outlook, we also bring to you the stories of some of the top auto tech solution providers that deliver the best connected car solutions for their clients. The list includes NIO, which differentiates itself through its multilayered auto tech security integrated with artificial intelligence, ensuring users the experience of a high-tech, efficient smart car that protects itself from cyber-attacks and aids users from experiencing road accidents.
We hope this edition assists you in finding the optimal connected car technology solutions that take full advantage of the smart car functionalities available in today’s market to promote enhanced user experiences and boost organizational growth.
