Top 8 automotive industry trends and innovations in 2021
The automotive industry is advancing in many ways by adopting the latest technology. Indeed, car manufacturers tend to bring something innovative to their products.
As a result, conventional vehicles are transformed into modernized versions. In addition, a recent survey from 2021 shows that information-centric technologies are the key players in this industry.
In addition, automotive technological innovations are not limited to artificial intelligence, Big Data or Cloud Computing. The latest trends such as the Internet of Things (IoT) and blockchain are also preparing the industry. The following article presents the 8 main trends and innovations in the automotive industry in 2021.
Top 8 new automotive technologies in 2021
There is no doubt that the automotive industry has undergone significant changes over the past decades. Thanks to new technology in automotive service for making this possible.
Let’s take a look at the following major trends in automotive technology.
Artificial Intelligence (AI)
Artificial intelligence or AI has dramatically reshaped the automotive industry. AI technologies such as machine learning, deep learning, and computer vision have applications in robotic automation within industry.
Additionally, AI has been implemented in different ways in automotive operations. This includes production, design, supply chain, post-production and cost mitigation, as well as predictive maintenance.
In addition, AI plays a major role in driver assistance technologies as well as in autonomous cars (self-driving). It guides trips to manage fleets, ensure safety and improve services such as car inspection and insurance.
Autonomous vehicles (AV)
Autonomous or autonomous vehicles (AV) are the greatest innovation in automotive history. It almost eliminates the need for human drivers to drive cars. At the same time, it makes transportation more efficient and easier while ensuring safety and security.
Most importantly, AVs are equipped with modern recognition technology to detect obstacles on or around the roads. For example, they use AI-enhanced computer vision to spot obstacles on routes. Thus, unnecessary accidents can be avoided.
The demand for self-driving cars is quite high in developed countries. Many companies often have difficulty finding new employees. Thanks to AV, this solves the pilot shortage.
Therefore, people today are selling junk cars and buying technology-based vehicles. For a quick and hassle-free sale, you can visit webuyjunkcarsfast.com. They offer fair prices for junk cars with free towing and payments within 24-48 hours.
If you want too, reach out to online buyers on their site and get a near instant quote online. Getting rid of unwanted vehicles for cash, even without hidden costs, has never been easier.
Another innovative automotive trend in 2021 is the development of blockchain. It provides an innovative approach to manage data and execute transactions with precision and reliability.
In addition, the blockchain has countless applications in the automotive field, such as
- Transparent distribution of data over a secure network.
- Smart contract technology to speed up processes, faster digital payments, automated rental, maintenance, finance and other procedures.
- Assign digital IDs to each part of the vehicle to track any counterfeit with real-time alerts.
- Targeting reminder by detecting defective parts of the vehicle.
- With smart vehicles, record data such as average speed or mileage to analyze driver behavior.
- Regulatory compliance of cars.
- Preservation of theft by storing the identities of the drivers.
- Reward drivers who maintain safety and better behavior.
Nowadays, connecting your smart devices to the car is much easier. We can say that this is a new vision of mobility.
Connectivity offers many attractive benefits for a driver. As it tracks and measures vehicle data and sends it to your mobile or laptop. The data can be used for better fleet management, predictive maintenance, driver safety and insurance.
This not only helps individual customers, but also develops the mobility ecosystem. In a nutshell, connected cars can be called smart cars.
As you can connect a mobile and a laptop to the car, it is easy to make hands-free calls. You can have more control over the entertainment system, navigation, heating or air conditioning without taking your eyes off the road. Isn’t that amazing?
The vehicle electrification market has grown tremendously in recent years. This is due to the high depletion rate of preserved fossil fuels and the environmental damage associated with their use.
Therefore, the new era of the automotive industry is changing the outlook for manufacturing with electric vehicles (EVs). All over the world, people prefer electric vehicles. What conventional cars cannot provide, electric vehicles surpass with the following,
- Higher fuel economy.
- Easy loading and refueling.
- Less carbon emissions.
- Low maintenance cost.
- Smooth driving.
- No engine noise.
However, electric vehicles still have to solve some major problems. Like a mediocre battery, higher costs, electrification of the fleet, manufacturing undercharging and feeding charging networks based on renewables have to be improvised.
In 2019, there were 2.1 million record electric car sales worldwide. The market was valued at $ 70.14 million that year. Recently, it was estimated that by 2027, sales of electric vehicles will reach $ 140.29 million.
Internet of Things (IoT)
The Internet of Things or IoT is sort of a thing in every field. The automotive industry has also adopted this latest technological innovation to drive business. IoT is just the start, but is already dominating the road.
IoT refers to the communication between vehicles, as well as between vehicles and their infrastructure components. Complex devices such as sensors, electronics, actuators, and the like interact over a wireless network. They share data with each other without human intervention.
Nevertheless, it finds various applications in this particular industry.
- Fleet management including route management, time and driver management, traffic condition monitoring, etc.
- Cars connected in 4 lanes, i.e. vehicle to vehicle (V2V), vehicle to infrastructure (V2I), vehicle to pedestrian (V2P) and vehicle to network (V2N).
- Car maintenance system.
- Real-time vehicle telematics.
- On-board infotainment.
Big Data and Data Analytics
Big data is currently expanding the range of information for automakers. Previously, car manufacturers only had little information. Now using big data, they have developed a new model that provides whole new services.
Advanced data analysis further provides detailed information on a vehicle’s lifecycle. Here are the main ways to use big data when collecting data from vehicles:
- Quality predictive maintenance.
- Alert the authorities in the event of an accident.
- Inform managers of their fleet.
- Help make decisions for annual sales and production goals.
- Automotive customer data improves supply chains, increases sales, and improves new product designs.
Human Machine Interface
The bigger question is how drivers interact with these latest automotive technologies. While self-driving cars or connected cars are booming, the driver assistance system also needs to be perfected.
Therefore, a new trend comes from the name of human-machine interface (HMI) that the automotive industry is implementing. It uses a voice system or haptic feedback to operate a car. Thus, he can understand which type of car the user is controlling.
In addition, it offers a smart virtual assistant to help drivers interact with vehicles or other services. Therefore, this feature enables safe and secure driving while enjoying a road trip.
Whether it’s AI-powered automation or the use of big data, the automation industry is taking a new turn. The latest trends and innovations are reinventing the vehicle business model.
In addition, digitization, additive manufacturing, shared mobility, etc., are transforming the industry. So the automakers have a golden opportunity to rebuild the products.