Currently, we can observe how the automobile as we know it is undergoing profound changes. Whereas a lot of research & development capacities had been invested in mechanical components in the past, there has been a paradigm shift and now the automobile is becoming ever more digital and interconnected. Furthermore, changed consumer behavior, autonomous and electric driving will impact existing business models and challenge the status quo of the automotive industry.
Trends & Challenges
Changed consumer behavior thrives shared mobility and the emergence of interconnected cars
Built-in IoT devices collect large amount of data
Electric and autonomous driving demand altered safety and infrastructural concepts
Governmental regulations will continue to tighten environmental standards
Technological advancements will disrupt the traditional market structure and foster the emergence of new players