The Mighty Seven –Automotive industry trends until 2030 Seven fundamental trends drive the automotive industry until 2030, enabled and accelerated by Digitalization, AI and Machine Learning AUTO INDUSTRY TRENDS 2030 CREATION CONNECTED VEHICLE Additional safety and (services) revenues through increasing connectedness NEW DISTRIBUTION CHANNEL PAY-PER-USE Provision of selected … Without government legislation or incentives, electric vehicles might only make up 10 percent of new vehicle sales by 2030. It consists of 20 experts representing small and big businesses, traditional and disruptive industries, trade unions, the innovation and research community, as well as finance and academia. The successful industry participants will increasingly be those that master particular skills or specialize in specific areas of technology. It is projected that the global automotive industry will grow to just under nine trillion U.S. dollars by 2030. The automotive industry has operated for 100 years on one business model—design, produce, sell, and service vehicles. First, vehicles will run on different power sources. 6 Automotive revolution – perspective towards 2030 SOURCE: McKinsey The automotive revenue pool will grow and diversify with new services potentially becoming a ~USD 1.5 trillion market in 2030 Today Traditional automotive revenues Vehicle sales dominant 2.750 4.000 720 1.200 1.500 +30% 30 6,700 4.4% p.a. New Mobility Needs New Components. “By 2030, Each Person Will Own 15 Connected Devices—Here’s What That Means for Your Business and Content.” Martech Advisor. DUBLIN, Nov. 20, 2020 /PRNewswire/ -- The "Automotive Software Market Research Report: By Software, Function, Vehicle Type - Global Industry Analysis and Growth Forecast to 2030" report has been added Subscribe to receive our latest thought leadership on a variety of business and technology topics. The pace of change in automotive is accelerating. The UK Department of Transport has doubled funding this year for public charging points which have risen five-fold since 2015. Automotive companies in Japan must compete through personalized digital and data-driven experiences. There is an incentive for the technology firms too, many of which are startups: To get their technology to market, they will need strong relationships with automotive industry players. As reported earlier this week, the UK government has confirmed its intention to ban the sale of new petrol and diesel cars and vans in 2030. related to CASE, Electric drive, Environment, Regulations, ACES suggests you might want to walk the last mile because you missed your exercise target last week. ACES checks both your schedules, ticket prices, and availability, then asks if you want to make the purchase. Future Automotive Industry Structure – FAST 2030: A snapshot: The global automotive industry today. They provide insights that deliver personalized services and integrate the vehicle with various aspects of a person’s life. It checks your house in case the TV or other appliances were left on, and downloads the audio book you listened to earlier. In these cases, flexible pay-per-use models will provide an alternative. DUBLIN, Nov. 20, 2020 /PRNewswire/ -- The "Automotive Software Market Research Report: By Software, Function, Vehicle Type - Global Industry Analysis and Growth Forecast to 2030… Eight disruptive trends shaping the auto industry of 2030 Technology-driven trends will revolutionise how industry players respond to changing consumer behavior, develop partnerships, and … But a PwC report found the Bill of Material (BOM) for car manufacturers will increase by 44% by 2030. Technology shifts can also be expected in safety, with progress in braking, steering, crash protection, and advanced driver-assistance systems. As populations age, a growing number of people will just need ways to stay mobile – in some cases because they can no longer drive themselves – and they will not care whether they get around by way of traditional driving. Worldwide Industry for Automotive Cybersecurity to 2030 - Featuring Visteon, Continental and Robert Bosch Among Others - November 19, … The vehicle—let’s call it “ACES” (Autonomous, Connected, Electrified, and Shared)—that you ordered Sunday night arrives, so you get in. For decades, company organizations have focused on "car building" – design, engineering, and manufacturing. When you arrive near your destination, ACES drops you off to walk the last mile. Among the respondents in the automotive industry, 80% see more advantages in fuel cell vehicles than in electric vehicles. Electromobility Has No Viable Future Without Foundries. The automotive sector is … Meanwhile, the re-emergence of protectionist trade barriers will push manufacturers increasingly to base production in the region where the cars are sold, making large-scale exports harder, including those of German premium producers.