Technological Advances in the Automotive Industry

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The automotive industry is among the largest industries by earnings. The high price of vehicles creates high expectations among clients for product quality. This in turn leads to the complexity of the production process.

Embracing smart factory solutions is one of the methods for manufacturers in the sector. It ensures that the quality of its product meets consumer demands.

Digitization and increased automation are giving rise to disruptive technology-driven trends. A lot of industry leaders agree that trends will strengthen and speed-up disruption.

Reports say that automakers have invested an average of 2.2% of revenue in smart factory programs. The same report says that there’s a predicted rise to 3.5 percent by 2023 higher than the manufacturing average.

Technological Trends in the Automotive Industry

Digitization takes the production process in the industry to a much higher level. One that brings convenience, productivity, and operational efficiency. It creates a competitive advantage for industry-leading automotive manufacturing giants like Toyota.

The 2022 Toyota Tundra is expected to hit showrooms in the spring of this year. This 2022 Toyota Tundra double cab teases clients with a $35,950 starting price.

The 2022 Toyota Tundra interior is built for comfort with heated and cooled front and rear seats. So what are the 2022 Toyota tundra colors? This brand new product has eleven different exterior colors. Some of them are:

  • Lunar rock
  • Supersonic red
  • Smoked Mesquite
  • Magnetic gray metallic
  • Celestial silver metallic
  • Midnight Black metallic
  1. Cars-As-A-Service

There has been talk about the upcoming car rental service in the automotive industry. The service will enable drivers to engage in a ride-sharing service. People will be required to have a smart device and an app to boost the benefits of this technology.

This service doesn’t need any driver’s license. And, the car will pick you up for your transportation or delivery needs. It’s also known as a driverless uber service. The automotive industry has come a long way working on this out-of-the-box innovation. Experts predict that this service will be live in several countries by the year 2025.

This kind of service is vital when deducting mobility services costs. It’s also safer compared to getting a human driver.

The automotive industry has joined forces with great minds from the tech industry. This collaboration has given rise to more technologies than you could ever imagine. They are playing an important role in improving how we operate vehicles.

We’re going to have more cars generated on electricity. Chances are that carbon emissions will be reduced to a large extent. That’s because the industry is focused on crafting electric motors.

Artificial intelligence (AI) and big data are also playing a role in this industry. That’s because cars are designed by the integration of unique technological features.

  1. Vehicle Connectivity

Presently, vehicles have tamper-proof digital identity that differentiates one vehicle from another. This makes it easy to track vehicular data for several use cases like:

  • Driver safety,
  • Insurance,
  • Predictive maintenance, and
  • Fleet management.

Apart from helping individual clients, sharing vehicular data overhauls the mobility ecosystem. The development of vehicle connectivity solutions by startups and scale-ups is rewarding. That’s because it helps them to connect and exchange data with other vehicle-to-device.

The data is shared with an electric vehicle grid (V2G) and public infrastructure (V2I). It’s also shared with new and emerging ways to use vehicle data.

  1. Predictive Vehicle Technology

Machine learning and AI have a crucial role to play in the automotive industry. That’s because predictive capabilities are becoming more predominant in cars. Which is personalizing the driving experience.

More car manufacturers are now applying algorithms that utilize data to automate the process of setting up a vehicle. The setup includes the car’s infotainment system and its application preferences. Vehicles are becoming IoT devices. This enables them to connect to smartphones and take voice commands. As a result, it changes the user interface.

Predictive vehicle technology can also be used in the form of sensors within a vehicle. That way, the car owner can get informed whenever it needs service from a mechanic. Based on a vehicle’s mileage, this technology can estimate its performance. It’s also able to set up appointments in real-time and inform you of any safety hazards.

  1. Inter-Car Communication

Usually, cars are connected to the internet. But soon, these internet enabled cars will be able to communicate with one another. This will certainly transform our driving experience.

The communication between cars will prevent collisions. This will happen with the exactness that human error hasn’t been able to achieve. The car-to-car communication system can foresee an accident before a collision occurs. The driver then gets alerted of potential consequences.

This helps drivers to take caution and quickly avoid a catastrophe. We’ll soon see fully autonomous vehicle models that will lead to the next smart technology.

  1. Complete Integration With Smart Phones and Watches

Smart gadgets and cars are already beginning to sync. But this will soon be taken to the next level. Recent technological advancements have seen vehicle manufacturers pair up with tech companies. This is meant to enable users to complete several commands from their smartwatch.

This will enable you to remotely start your engine from your watch. It will also enable you to lock your car doors, sound your horn, and turn the headlights on and off.

Some vehicles are already getting designed with built-in apps. Many models are getting integrated with popular apps in the infotainment system. This makes it look like the usual screen on your phone.

  1. Autonomous Driving

The other innovation in the automotive industry is self-driving technology. We may be far from this top-notch technology. However, we’re likely to see new advancements in this feature in the near future.

Already, there are similar technologies grabbing attention in many vehicles. We are talking about:

  • Mapping technology
  • Automatic-braking sensors
  • Adaptive cruise control
  • Motorway lane sensors
  • Self-parking abilities

The above is referred to as driver-assisted technologies.

With the invention of the self-driving pod called Waymo, Google has shown its magic. Local Motors, an American motor vehicle manufacturer, has already designed an autonomous vehicle.

Conclusion

The automotive industry has joined forces with some great minds in the tech industry. The reason for this collaboration is to improve the way vehicles operate. The risk of electric vehicle technology, for instance, is helping to cut carbon emissions.

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