How are the Latest Technologies taking the Automotive Industry to Newer Heights?

The automotive technology market size is likely to reach USD 69.18 billion in 2023 and is anticipated to cross the mark of USD 100 billion by 2028 growing at a CAGR of 8.21% during the forecast period (2023-2028).

The holistic approach of the automotive industry technology has not only helped giant automobile manufacturing companies but also vehicle owners with almost all the tasks they perform through or in vehicles. Hence, it is not exaggerated to say that Automotive software development is the rage these days in the automobile industry.

In this detailed guide, we shall go through the nuances of how automotive technology trends and future of automobile industry is revolutionized.

The potential of automotive technology trends: the competitive advantages

The technology trends in automotive industry among other industry verticals are more evident because it has evolved quite rapidly and is at the front of the digital era.

The recent trends in the automotive industry such as AI, ML, robotics, computer vision, and deep learning have transformed the way manufacturing and usage of vehicles happened. Additionally, such facilities have provided immense opportunities to generate newer automotive app ideas and make a great business out of them.

Today, the automobile industry’s smart cars and mobile technologies have assured better safety and a luxurious user experience. Before you contact your tech partner to build a customized app for your automotive business, you should learn more about how software development for the automotive industry can benefit your business.

Here are some of the noteworthy potentials of mobility in enhancing the automotive industry:

Interconnectivity through IoT

Interconnectivity (IoT) in the automotive industry is the best utilization of internet-enabled devices and sensors. These are used for collecting, transmitting, and analyzing information from vehicles, drivers, and road infrastructure.

The Internet of Things is used to improve the performance of vehicles, assure safety, enhance efficiency, and improve user experience. With interconnectivity, manufacturers also build or improve their new business models and services.

Some examples of IoT apps in the automotive industry include smart sensors for parking and vehicle maintenance. They are also used for telematics, V2V (vehicle-to-vehicle) communication, and autonomous driving or car sharing.

Convenience and handy (on-the-go)

Mobile technology enables faster communication, seamless data transfer, and enhanced user experience. Mobile technologies not only benefit vehicle manufacturers, dealers, and service providers but also vehicle owners or drivers. These technologies are used to reduce costs, streamline business operations, and automatize most of the tasks while driving.

Some of the benefits of mobile technology for the automobile industry include:

• Provide information about car models and their features plus prices and availability. Users can also book a test drive, schedule an appointment, and access various offers and loyalty programs.
• Assist mechanics and technicians to diagnose and fix issues, and access digital guides and manuals or tutorials to repair. Also, they can order accessories, parts, and tools.
• Enable car dealers to communicate with suppliers and customers, track sales and/or vehicle transports, and manage inventory.
• Provide in-depth insight to automobile companies about production, vehicle quality, and performance. Mobile technologies in the automotive industry are also used to collect feedback and data from clients and dealers.

Safety and Security

Mobile technology in the automotive industry has become an essential key factor in assuring the safety and security of drivers and vehicles. Mobile devices assist drivers in knowing real-time information about traffic congestion, weather predictions, and emergency alerts.

Mobile apps these days are featured with accurate navigation, remote control, diagnostic analytics, and infotainment; furthermore, mobile technology is also used to facilitate secure communication among different stakeholders including manufacturers, dealers, and customers.

Additionally, the future of automobile technology shall support the development and deployment of contemporary driver assistance systems (DAS) and autonomous vehicles (AVs) to bring down human errors and improve road safety.

Customization and personalization

One of the most significant potentials of mobile technology in automobiles is the ability to offer customization and personalization to customers. Using mobile apps, web apps, and smart devices, customers can get customized offers for the vehicles they are interested in buying.

Plus, the features of Machine Learning and Artificial Intelligence take inputs from the users’ behavior and provide them with customized content that they want.

Advanced car manufacturing companies allow customers to provide the features and facilities they want in their cars so that the company would build the vehicle exactly like the buyers want.

Likewise, automotive mobile technologies also enable automobile manufacturing or marketing companies to collect data and feedback from owners or users and utilize it to improve their products and services.

Enhanced user-experience

Using mobile technology, user experience can be enhanced in various ways. Some of the car industry trends of mobile technology include:

• Accessing information and services for vehicles like dates of maintenance, self-diagnoses, accurate navigation, infotainment, and security.
• Interacting with their vehicles at a distance: to lock and unlock doors or start and stop the engine, control the temperature, and track the vehicle.
• Facilitating communication and collaboration among stakeholders like service providers, dealers, insurers, and makers.
• Supporting user safety and convenience with several features like voice commands, hands-free operation, driving assistance, and emergency alerts.

Automotive Trends: Major mobile technologies that are changing the sector

Mobile technology is an umbrella term that houses an enormous range of gadgets, devices, and technological features. The latest digital trends in automotive industry technologies have included some of the contemporary innovations mentioned below:

GPS

Global Positioning Service (GPS) is a technology that enables vehicles to show their location, speed, and direction. GPS mobile technology can be used for several purposes in the automotive industry including fuel efficiency, tracking, geofencing, and map navigation for distance or route guidance. Here are the benefits of GPS:

• Navigation: GPS helps drivers find the best route to their destination by avoiding traffic quagmires and getting real-time situations or road conditions.
• Tracking: the technology helps fleet managers monitor the site, performance, and status of one or more vehicles at a time. Plus it optimizes various transport operations by reducing costs.
• Safety: GPS mobile technology is used to prevent mishaps, trigger emergency services in case of an accident. Additionally, it is also used to prevent theft or malpractices in the usage of vehicles.
• Efficiency: the global positioning services save fuel, reduce carbon emissions, and improve driving habits through accurate feedback and suggestions.

Voice commands

Voice commands are the latest in automotive technology trends used chiefly in cars. They are a convenient and safe way to interact with a vehicle.

Some of the benefits of voice commands are:

• Reduced distractions and improved safety as drivers would keep their eyes on the road and hands on the steering wheel.
• Faster and more accurate information and services to ultimately enhance the overall driving experience.
• Advanced and intelligent services using features of artificial intelligence, natural language processing, and cloud computing.
• Enhanced connectivity and customization for all types of users such as vehicle owners, drivers, manufacturers, and even marketers.

In-vehicle infotainment

In-vehicle infotainment (IVI) panels are devices or displays used to provide entertainment and information services to drivers and passengers in a vehicle. Manufacturers of cars and other vehicles use this trending automotive technology to provide a seamless experience and safety for the vehicles and riders. Everything today can be compiled and produced on the infotainment panel or screen of smart cars.

Some of the benefits of IVI panels in the automotive industry are:

• Smart screens enhance the driving experience as they offer various entertainment options and personalized settings such as playing music, watching movies or videos, and even accessing smartphones by mirroring them.
• IVI panels are said to enhance safety measures as they provide easy and accurate navigation, voice control, and driver assistance facilities.
• Smart screens and panels in vehicles improve customer satisfaction as they can integrate other devices (IoT), communicate with other gadgets, and provide Internet services and other remote services.
• IVIs are often considered factors that trigger decision-making in customers. Automakers differentiate their products by providing eye-catching display panels as luxurious car interiors.

Sensors

Sensors are devices used to detect and measure the vitals of vehicles or automobiles including…

• engine or in-cabin temperature,
• tire or cabin pressure,
• normal or abnormal motion,
• normal or abnormal sounds
• in-cabin or headlight, etc.

There are different types of Sensors that are widely used in the automobile industry to improve vehicle performance along with assuring the safety and comfort/convenience of vehicles.

Some of the benefits of sensors in automobile technology are:

Parking sensors

These sensors are used to help drivers to park their vehicles in specific spaces by notifying them of the distance and obstacles around them. Advanced parking sensors also enable drivers to maneuver the vehicle automatically into a parking spot.

Anti-accident sensors

Sensors are also used to prevent or reduce the risks of accidents by tracking the presence and speed of other automobiles, pedestrians, bicyclists, animals, and so on. Anti-accident sensors are used to trigger safety features like steering, airbags, breaks, seat belts or steering, etc. to avoid or mitigate the crash.

Speed sensors

They monitor the rotational speed of the wheels and the engine. Speed sensors can stabilize vehicles, and optimize fuel efficiency; additionally, they also help control emission and traction for better vehicle stability. Speed sensors are also used to provide feedback to drivers about the speed limit and warn them of overspeeding.

Biometric sensors

These sensors provide insights into drivers’ physiological and behavioral characteristics including heart rate, eye movement, blood pressure, facial expression, and so on. These sensors improve security measures and comfort through vehicle personalization. Biometric sensors detect the driver’s distraction, fatigue, and stress factors. They can also alert them or take corrective measures.

Engine-knock sensors

They detect the abnormal combustion of the fuel-air mixture in the engine cylinders. Such combustion damage the engine components, but these sensors adjust the ignition time and fuel injection to curb or minimize the engine knock.

Manifold Absolute Pressure (MAP) sensors

These sensors check the air pressure in the engine intake manifold. MAP sensors also calculate the optimal amount of fuel and air for combustion which ultimately enhances engine performance and efficacy.

5G connectivity

5G connectivity is a revolutionary technology for the automotive industry. Not only does the technology offer speed and accuracy, but also compatibility with other advanced devices to provide augmented features and facilities.

• Faster data transmission and lower latency: 5G technology is the automobile trend that improves the performance of autonomous vehicles; additionally, it improves V2V (vehicle-to-vehicle) data transfer and (V2I) vehicle-to-infrastructure communication.
• Higher bandwidth and network capacity: 5G comes with better bandwidth and networking abilities to deliver high-quality multimedia content like navigation, infotainment, and other Internet services.
• Enhanced security and reliability: 5G technology is one of the leading consumer trends in the automotive industry. It protects the data and privacy of all stakeholders including drivers, passengers, and manufacturers. Also, 5G is also seen as a future car technology and is used to prevent vehicles from cyberattacks and interference.

AR & VR

Augmented reality (AR) and virtual reality (VR) are trending automotive technology in the industry that provide immersive and interactive user experiences. These technology trends enhance the connectivity of the automotive industry in many ways.

For example, AR and VR can be used to:

• Provide drivers with real-time information and guidance on the road
• Enable remote collaboration and training
• Create engaging and personalized marketing and sales campaigns
• Improve customer satisfaction and loyalty

Strategies for business success

Some possible strategies for success in the automotive industry through technologies are:

• Developing connected cars: to communicate with each other to create new business opportunities and revenue streams.
• Focusing on user loyalty: providing customized and seamless user experiences, such as customized features, preferences, and services.
• Improving automobile manufacturing processes: adopting advanced technologies like robotics, AI, and 3D printing to reduce costs and increase profits.
• Complying with safety norms and regulations: to pace up with constantly evolving rules and regulations.

Changing consumer demands and catering to them

Using automotive technology to cater to ever-changing customer demands has become a norm in the market today.

Continuous innovation

Ever-growing consumer trends in the automotive industry have pushed manufacturers to use automotive technology to constantly evolve in the market to stay competitive. With the advent of the latest automobile technologies like EVs (electric vehicles), driverless cars and airplanes, and connected services, automobile manufacturers offer the best value, convenience, and safety.

Adhere to compliances

Another concern of the automotive industry today is constant changes in rules and regulations as compliance to protect people’s health, environment, and consumer rights. Using automobile technologies, manufacturing companies can follow the best practices and guidelines of the industry to produce products that are ethical, legal, and sustainable.

Minimal human intervention

By using the latest technologies in the automobile industry, we can reduce the need for human intervention for various operations and maintenance and therefore errors. For example, self-driving cars navigate traffic and park themselves through various sensors. Additionally, smart sensors can monitor the vehicle’s condition and alert the owner on the need for service or spare part change.

Device/platform compatibility

The latest technologies in the automotive sector enable the makers to integrate vehicle systems with other devices and platforms that owners use; for instance, connecting smartphones or smart homes and cloud services. This enables vehicle owners to access and control their vehicles remotely or get customized recommendations.

Ready for the next-generation automobile industry revolution?

As an entrepreneur in the automotive industry, you might now be thinking about building automotive software. The application built should be accessible across multiple devices including a mobile phone while improves mobility for the automotive business.

Mobile technology is transforming the future of the automobile industry by creating new opportunities. Opt for our mobile app development services that are catered by experts with a focus on building custom solutions for manufacturers, drivers, or business owners.

It is essential for the industry to keep up with the changing needs and expectations of the users, and to leverage mobile technology to deliver value-added solutions that enhance the user experience.