Radical technology adoption shift expected in auto industry

Over 1.2 million people die each year globally on roads, and between 20 and 50 million suffer non-fatal injuries. Road accidents have stabilized in several high income regions like Europe and North America due to concerted efforts taken by governments and the automotive industry to improve the active and passive safety technologies.

The key factors that will drive the automotive safety market are competition and legislation. While vehicle manufacturers want to differentiate their vehicles in terms of additional features, there is also increased customer willingness to pay for technologies that help in hassle free driving.

 While talking about safety, there’s has been a sea of change in the transmission development, and the market has witnessed a large diversification in technology ranging from automatic transmissions to hybrid transmissions. Key drivers in the transmission sector are fuel economy, CO2 regulations, market competitiveness, globalization of power train portfolios, emerging market needs (China, India, Brazil, and Russia) and engine downsizing.

 An increasing number of personal and corporate mobility services are becoming more connected and integrated, allowing the user to make rational transportation decisions. Europe is the hub of the car sharing market with 1.5 million members and 31,000 vehicles, accounting for 44 percent of global members. Germany has the largest car sharing market in Europe with 757,000 members.

 Technology innovation is most crucial for sustainability of the automotive industry globally. Global technology and business solutions today will enter the Indian market in the future in some form or the other. The key to growth and prosperity in the future will depend on how car makers and suppliers adopt and innovate new technology solutions.

Frost & Sullivan launched its exclusive Whitepaper titled “The Changing Face of the Automotive Industry: Transformative Technologies of Future Cars” at Messe Frankfurt’s ACMA Automechanika Seminar 2015 in New Delhi recently.

The whitepaper sought to track technology changes from a global perspective cutting  across Powertrains, Advanced Driver Assistance Systems, Transmission, Mobility, Electric Vehicles, etc., with a focus on helping Indian suppliers in their long term product and expertise development.

Speaking at the occasion, Vijay Kakade, Vice President, Automotive & Transportation Practice, Frost & Sullivan said, “We expect a radical shift technology adoption in India closely mirroring developed markets in the next decade. More active safety technologies, bigger shift towards automatic transmissions and more hyrbrid and electric vehicles designed for Indian driving conditions are expected in the near future.”

 The transformative technologies covered in the Frost & Sullivan whitepaper include:

Car Safety

Transmission Technologies

Powertrain

Electric Vehicles

Mobility

Courtesy: Frost & Sullivan