As technology continues to evolve at a very rapid pace the automotive industry is experiencing a huge number of innovations. Some of the innovations listed below might come as no surprise, whereas others seem like they have been taken straight out of a science fiction novel.
Advances in artificial intelligence technologies and computer vision have increased the number of applications for self-driving technology in the automotive industry. These innovations are set to transform the use and application of everyday transportation. Research has found that up to 21 million self-driving cars could be on the roads by 2035. The predicted revenue of self-driving cars is expected to be over 76 million in the period up to 2035. Innovations in self-driving vehicles are set to have a radical impact on the way that people travel and the way that roads are built and designed. As innovations in self-driving vehicles are still ongoing the full impact this innovation will have has not yet been fully realized.
Specific innovations in the electric car industry are set to have a big impact on the range of electric vehicles available to both businesses and consumers. Alongside the increased production of luxury electric vehicles, innovations facilitate more affordable electric cars alongside commercial vehicles such as electric trucks and electric buses. One of the most influential innovations in the electric car industry recently is the shift towards nickel-based batteries. Not only are nickel-based batteries more affordable they also enable electric vehicle drivers to roam further between charges.
Big data and data analytics are transforming the way businesses operate throughout the world and the automotive industry is no different. Innovators are integrating data analytics into automotive development. This means the data can be gathered and used to predict maintenance schedules and alert vehicle drivers to potential developments with their vehicle. Data analytics is set to have a particular impact on commercial vehicle fleets. This is because data analytics enables managers to more effectively and safely manage a fleet of drivers.
Human-Machine Interface technology in the automotive industry has evolved a great deal in recent years. The Human-Machine Interface is set to have a radical impact on the way that vehicles are used. Automotive Human-Machine Interface means that a driver will no longer need to interact with the vehicle by using traditional physical controls. Rather Human-Machine Interface utilizes gesture control, speech recognition and customization for vehicle control. This technology is said to improve the safety of both the driver and passengers of a vehicle. The innovation helps a driver to access valuable, real-time information about the environment in which they are driving, such as weather conditions and traffic.
Another innovation in the automotive industry comes from an increased focus on the need for shared mobility. Automotive businesses are realizing that for many consumers owning a car does not necessarily make sound financial sense. Manufacturers are currently focusing on developing models that are specifically designed for the purpose of shared mobility.