There is a radical evolution in technology over the subsequent decade, and starting in 2020, cars are getting to be more automated, more fuel-efficient, and more comfortable to drive. With cloud computing, Big Data, and AI seeming to rule the subsequent few years, let us take a glance at the features that will offer.
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Electric Cars and Connectivity
The electric car is now commercially available and continues to grow in the market. However, they are still out of the typical consumer’s budget. In 2020 and beyond, we are getting to see these cars and their charging stations in our areas. Not only are they more economical and environment-friendly than conventional vehicles, but they are also practical and do not pollute. Seeing an end to fossil fuels within the future will benefit the earth, and hopefully, our wallet.
Electric cars are poised to become potent information platforms that not only provide better experiences for drivers but also open new avenues for businesses to make value. Conventional vehicles once heralded as “freedom machines,” will evolve into information-enveloped automobiles that provide drivers and passengers with a variety of novel experiences, increasingly enhanced by AI and intuitive interfaces that far surpass today’s capabilities.
The critical success factor for connectivity services is that the clear value proposition the offering has, either to an external customer or an indoor stakeholder. It seems that this value is hugely often created only by combining data assets and capabilities from various partners.
Carbon Fibre and Lightweight Materials
The lightweight material carbon fibre has been utilized in racing cars since 1981. It is five times lighter and ten times more potent than steel, but it has been used sparingly on commercial vehicles due to its high price point. Most of the renown hybrid carmaker will include this material in its construction along with a luxury car floor mats and is getting to create a replacement bed that contains carbon fibre also.
Self-Driving Cars and Autonomous Technology
For investors, executives, and enthusiasts alike, autonomous technology and self-driving cars have long been a number of the foremost exciting areas within the future of the car industry. This innovation continues to be so.
However, 2019 certainly was a year during which optimistic forecasts had to be scaled back to a particular degree. Progress in AV technology was not as fast as previously anticipated; both value and premium OEMs—as well as tech players—revised their schedule for level 4 and level 5 applications, sometimes by years.
However, the underlying logic for autonomous driving, especially in cities, remains intact. Most believe that electric shared AVs or Robo-taxis and shuttles could address mobility’s pain points in towns. These issues include such as road congestion, crowded parking spaces, and pollution.
Moreover, while revolutionizing urban mobility, it can have a significant impact, making it cheaper, efficient, user-friendly, environment-friendly, and available to everyone. If integrated seamlessly within the public transportation system, it will be a crucial enabler in reducing today’s share of private-car traffic.
There is tons of skepticism surrounding self-driving cars. However, longer-term shows that more and more vehicles are going to be automated within the future. With over 90 per cent of the incident being caused by driving errors, technology has the potential to decrease this number. Moreover, shortly, these cars could lower those numbers significantly.
Although legalizing and putting these h-tech cars on the road is not on the brink of being finished, it is likely that by the top of the last decade, we will be ready to get to the supermarket without putting our hands on the wheel.
Automotive Software Technology
As the car extends its development from a hardware-driven machine to a software-driven electronics device, the automotive industry’s competitive rules are being revised.
The engine was the technology and engineering core of the 20th-century vehicle. Today, software, immense computing power, and high-level sensors increasingly advance into that position. They allow the most advanced modifications, from efficiency to connectivity to free driving to electrification and new mobility solutions.
However, because the value of electronics and software has grown, so has complexity. Take the exploding quantity of software lines of code (SLOC) contained in modern cars as an example. In 2010, some vehicles had about ten million SLOC; by 2016, this expanded by an element of 15, to roughly 150 million lines. Snowballing complexity is causing significant software-related quality issues, as evidenced by many recent recalls of vehicles.
With cars positioned to supply increasing levels of autonomy, automotive players see the standard and security of auto software and electronics as critical requirements to ensure safety. Moreover, this is often requiring the industry to rethink today’s approaches to vehicle software and electrical and electronic architecture.
Software management tools are going to be an enormous part of new vehicles. Although they were a neighborhood of cars within the last decade, the most crucial issue was their high price point. Now, touch screen desktops, apps that connect the vehicle to a phone, and a customer interface are all readily available and cheap to supply. Maybe at some point. You will be ready to write an essay directly from your car!
Customer Experience and Satisfaction
Over the last decade has seen the car-buying practice as more personalized, with salesman selling cars that cater more to the customer, instead of the dealership. All dealership activities, from the software upgrades, employee training, internal processes, and building renovations, are designed for the optimal buying experience.
Data and analytics use have gone up significantly, meaning dealerships can keep their clients and customers up so far with the newest deals and trends. It is likely within the next decade that dealerships will specialize in their customer experience more so than that they had last decade.
Affordability
Automobiles became very expensive within the last decade, with a replacement car costing upwards of 37 grand. More modern cars are shifting to affordability within the next decade to stay up with economic demand. Let us face it – nobody is buying new anymore. Even accessories, like number plates, are getting less expensive than ever before.
Side Notes
As the automotive industry is transitioning from hardware- to software-defined vehicles, the significance of software for core technology trends is developing rapidly. Not surprisingly, players across the digital automotive value chain are seeking to maximize innovations enabled through software and electronics.