Automakers have curbed recent supply chain challenges while, at the same time, consumer confidence is returning. Combined, this will ensure that lucrative opportunities exist around the world. To better gauge the automotive industry outlook in 2024 and beyond, ABI Research recently published its Vehicle Shipments and Mobility Services Market Data Overview: 3Q 2024 presentation. The report provides worldwide vehicle sales forecasts, as well as regional analyses. Some of the key trends and data from the report are shared in this article.
Working in a competitive industry demands that you become a data-driven organization. As a technology solution provider, effectively leveraging data can unlock significant advantages, such as driving market expansion and fostering innovation. Unfortunately, all too many companies lack an analytical approach to decision-making.
The automotive industry operates like a jungle: you adapt, or you die. If you fail to evolve and enhance vehicle features, you risk losing your customers to the competition. When reflecting upon vehicle evolution, the transition to Electric Vehicle (EV) powertrains and charging infrastructure probably first comes to mind. After all, government mandates and eco-conscious consumers alike are stimulating unprecedented demand for zero-emission vehicles. While the electrification transition is essential for Original Equipment Manufacturers (OEMs) to remain competitive, so too will be the evolution of in-vehicle infotainment.
Every week, countless technology stories emerge across industries around the world. However, identifying and reading each development can be challenging while balancing your other day-to-day tasks. But if you want to stay ahead in your industry and evaluate the most promising technology solutions for your organization, it’s vital to keep up with the latest and greatest tech.
Several ABI Research analysts made the trip to Las Vegas in January for the Consumer Electronics Show (CES) 2024. Although geopolitical and macroeconomic conditions continue to cast a shadow over the technology world, CES 2024 had no shortage of excitement and optimism. Our analysts heard plenty of talks from vendors and enterprise end users about investments, partnerships, new technology adoption, and applications. If you missed CES 2024, we would like to share intriguing highlights from five of our analysts who attended the show, each covering a different technology area.
Autonomous driving is one of the megatrends shaping the automotive industry, driven by Software-Defined Vehicle (SDV) architectures. While shipments of fully self-driving cars will remain small throughout the rest of the decade, semi-autonomous (Level 2, Level 3) features are already becoming common in the smart mobility market. From active safety features many automakers are already familiar with to automated highway cruise control, autonomous driving technology is maturing. However, more advanced applications still need development time before being safe for mass deployment. This article will evaluate the primary applications, benefits, and enabling technologies dictating the future direction of autonomous driving.
All too often, vehicular accidents result from a distracted driver, claiming 3,522 lives in the United States in 2021. Whether the driver is looking down to text, experiencing extreme levels of fatigue after a long day at work, or exhibiting some other unsafe behavior, these sometimes tragic cases could be avoidable if the driver were concentrating more closely. Over the last 10 years or so, the automotive industry has focused on integrating active safety systems that detect hazardous situations outside the vehicle. However, this concept has extended to detecting hazardous situations from within the vehicle through camera-based Driver Monitoring Systems (DMSs). As will be explained later in this post, these technologies will also include broader Occupant Monitoring System (OMS) applications, so that automakers can provide a transformative driving experience for all passengers.
Market research goes hand-in-hand with maximizing profits at a business enterprise. Whether you’re a vendor or an enterprise implementer of a new technology, in-depth, data-backed intelligence can safely guide your organization toward sustained success. Technology research deliverables identify potential roadblocks and lucrative revenue opportunities for organizations, while giving you a reliable partner to consult with when questions about your respective market inevitably arise. Take, for example, the technology market research case studies we recently compiled, showcasing how our forward-looking methodologies help some of our biggest clients with their digitization journeys. In this blog post, let’s review four of these case studies to give you a better idea of what kind of results you can expect from ABI Research as a technology intelligence partner.
Drivers today—and even more so in the future—demand connected driving experiences tailored to their personal tastes. This concept, already applied to many digital experiences, requires car Original Equipment Manufacturers (OEMs) and their suppliers to focus on Software-Defined Vehicle (SDV) architecture. While SDVs are essential to enabling future vehicle services—and new revenue streams for automakers—there are several ways the software-defined car will change the way the automotive industry approaches vehicle development.
After years of prototyping and concept exploration, autonomous vehicle applications are closer to being ready for the real world on a global scale. While car manufacturers have historically juggled multiple partners simultaneously, this approach has proven unfeasible for the shift to deploying self-driving cars. As you will read in this blog post, the top autonomous vehicle companies are consolidating their driverless applications to create value in an ever-growing market.