Global Automotive Industry Trends

In the past twenty years, the automotive industry has undergone extensive transformation. These changes include increased standardization, computer-aided design, significantly better fuel efficiency, and added technological features such as keyless ignitions, GPS navigation systems, and rear-view cameras. New cutting-edge technologies and inventions are continuing to shape the automotive industry in 2019. These current industry trends have mainly focused on digital transformations, which help adapt your vehicles to a life of network connectivity. Automobiles are in a state of transition, as manufacturers scramble to meet the ever-changing needs and expectations of consumers. Here are 3 global automotive industry trends we saw in 2019.

  1. Automotive sensors. Currently valued at $22 billion, the automotive sensors market is expanding rapidly. These sensors help measure and analyze your car’s performance by detecting, recording, transmitting, and displaying performance information. Ultrasonic, radar, and camera sensors help you better view the surrounding area and drive more safely. Automotive sensors are broken down by types, which include temperature, gas, pressure, motion, and MEMS (Micro-Electromechanical Systems). Trends that are currently driving the global automotive sensors market are miniaturization, and improved integration so that the sensors don’t interfere with your car’s functionality.
  2. Vehicle-to-vehicle connectivity (V2V). V2V technology allows vehicles to “talk to each other” while driving. V2V does this by collecting and sharing data on speed and road conditions. The National Highway Traffic Safety Administration has proposed a rule requiring all vehicles to implement V2V connectivity by 2023. V2V shows great promise in helping to avoid accidents, mitigating traffic to ease congestion, and reducing fuel consumption and toxic emissions being released into the environment.
  3. AI (Artificial Intelligence) interfaces. AI is being implemented at rapid-fire speed in the auto industry in a variety of sectors. These sectors include the following:
    • Driver assistance. AI can act as a co-pilot, monitoring sensors and identifying potentially dangerous situations. It can alert the driver and even take control of the wheel in emergency situations. Driver assisted AI also includes emergency braking and blind spot monitoring.
    • Driverless cars. Despite the ability of modern computer systems, conventional programs are not capable of handling driverless vehicles. The main reason for this is that driving involves more than just following a specific algorithm; it also involves learning. Autonomous technology is being created to allow for flexible vehicle handling without error. This new software will enable cars to navigate complex traffic situations. AI used to allow for driverless cars will help ensure safer driving conditions, less pollution, and reduced traffic congestion.
    • The Waymo project. Waymo, which began as a Google self-driving car project in 2009, is now known as the new way forward in mobility. Waymo’s mission is to help implement self-driving technology worldwide, improving mobility and saving lives. Their AI software uses data from your car’s radar, high-resolution cameras, and cloud services to help operate the vehicle. These AI algorithms can predict what objects and people in your car’s path of travel are likely to do. Waymo’s technology can constantly learn and adjust to road conditions as it navigates your vehicle. This results in a virtual network of self-driving cars that learn as they go.

Meridian Automotive, a full-service automotive service and repair shop in Meridian, Idaho, has been faithfully serving the local community for more than 25 years. We stand by all of our work by offering a parts and labor warranty that exceeds industry standards. We have numerous credit and financing options available, and always aim for same day service. So for all of your automotive repair and service needs in the Meridian or Boise area, you can trust our expert mechanics. Just schedule an appointment online or give us a call at (208) 994-5591.

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