Over the past decade, our world has undergone several major revolutionary changes and in all of them, technology has been the core!
But guess what… even though it has been a little slow on the innovation curve, the automotive industry has still managed to be at the forefront of all these developments. In actuality, it has been among other sectors that have evolved to the core.
However, with an increase in fresh income streams and customer expectations, the automobile industry is expected to stay on top of all the recent updates and accordingly come up with solutions to stay ahead of the curve!
Well, here are some trends that the automobile industry needs to keep an eye on.
A self-driving car
A self-driving vehicle was thought of as the future of the automobile industry. But with the help of the latest technologies like 5G, GPS vehicle tracking, Wi-Fi and Bluetooth, these cars will soon become a reality.
That said, our world is likely to witness more of self-driving cars hitting the road. Also, taking into account the fact that the majority of accidents occur because of driving mistakes, the introduction of these cars would help reduce the casualty numbers.
What’s more, since these self-driving cars are equipped with AI technology, the owners are going to have an incredible driving experience.
Apart from that, several other huge advancements are likely to take place in the coming months. But let us hope that the limitations are lifted soon and everyone is able to have a smooth driving experience.
Insurance packages based on car usage
In the present year, car owners can expect to see an increase in insurance packages based on their usage.
Besides, as the use of sensors has been on the rise, cars built in today’s time are equipped with the potential to collect data about the driver. The data mostly includes their driving behavior, incidents, and patterns.
Having said that, only those car owners who are prepared to give the complete access of their data to insurers will be able to reap the benefits of a personalized package.
To top it off, since these packages reflect reality in a precise manner when compared to those conventional products, it is said that the latest pricing system will have an upper hand this year.
Tools to monitor and track the vehicle
Even your car requires some TLC every now and then. This is why more and more vehicle monitoring systems are being launched in the market. Besides, with a large number of cars being designed with in-built sensors, many firms have started approaching software development companies seeking for software development.
Well, this shows how much importance the monitoring and tracking apps hold – all thanks to their ability to take proper care of the vehicle.
Additionally, these systems are designed to not only provide help to the drivers but also call for assistance during an emergency situation, especially when faced with an accident. So, it’s safe to say that these tools are all set to save the driver’s life in unexpected ways.
Evolution of electric cars
When it comes to interconnectivity, automation, and electrification, the evolution of electric cars will surely be the next big thing that we will be witnessing this year. And, without a doubt, all the credit goes to one of the biggest issues that are climate change and an increase in global pollution.
Well, there you have it – these are the latest automobile trends we’re about to encounter this year. With these trends gradually making a place in the automobile industry, all the companies will have to think out of the box to prevail over the hurdles blocking their path for moving a step ahead from their competitors.
Furthermore, it is important for them to ensure that they’re able to introduce more innovatively connected cars in the market. And by doing so, they’ll be able to offer their customers with a more customized and cost-effective transportation opportunity.
Yes, the year 2020 will present a lot of advancements with regards to automobile, and we are all looking forward to see what the future holds for us.