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Top 5 technology trends in automobile industry 2023

The automobile industry is one which comes with time to time changes, which is known for its technological trends and modifications. The industry is adopting new technologies in its operations at an unprecedented scale. In addition to technologies such as artificial intelligence (AI) and big data analytics that have been around for a while, newer technologies such as the internet of things (IoT) and blockchain also find numerous applications in automotive.

As we all noticed how much change comes into a car, this is how technology work. Let us read about today’s latest technology trend in the automobile industry.

As digital technology becomes the differentiator in the car, the software will become the main probability growth driver for automakers. Ultimately the goal for original equipment manufacturers (OEMs) will be to turn into tech or software companies.

Top Five Automotive Technology Trends:

Big data analytics:

The age of big data and advanced analytics informs various decisions throughout the lifecycle of a vehicle. Data gathered from vehicles enables predictive maintenance, informs managers about their fleets, and alerts concerned authorities in case of accidents. Moreover, customer automotive data finds applications in driving sales, optimizing the supply chain, and enhancing product design for newer vehicles. With increasing better possibilities of data analysis, predictive analytics is developing into a powerful tool facilitating an enormous boost in efficiency as well as operations and performance.

However, the task lies in automakers’ ability to make sense of giant quantities of readily available knowledge and experience data. Analytics allows this information to be merged regardless if the information is “machine-readable” datasets or unstructured data such as videos, or sound recordings.

Electric vehicles:

Electric vehicles are one of the latest technology that spread their legs in the automobile world. An Electric Vehicle is either Partially or entirely powered by electricity. Electric cars utilize a rechargeable battery pack to power the electric motor rather than a combustion engine. Electric cars have fewer moving components and are very easy to handle.

Electric vehicles are the latest and the most lovable technology change. The shift from traditional IC vehicles to EVs is perhaps at the top of all significant automotive IT trends that are happening right now, with both manufacturers and customers keen to produce and use them respectively.

3D printing in Car manufacturing :

3D printing enables manufacturing companies to perform rapid prototypes. This accelerates the production of vehicles in the design phase and testing.

car manufacturers print designs they need with 3D printing technology. It is a technology that helps save time in the manufacturing of Automobiles. Applications of 3D printing for the automotive industry include: customized parts and manufacturers can tailor the parts to specific vehicles, making them bespoke and lightweight. BMW, Ford, Volvo, GM, and Porsche are the most popular brands that use 3D printing technology.

Autonomous Vehicles

Self Driving cars aim to transform transportation in various ways. For example, it reduces the number of human drivers and at the same time, makes transportation safer. Fewer Human drivers on the road mean the chances of driver negligence or fatigue or lower.

Autonomous vehicles drive on autopilot mode. Autonomous driving is expected to revolutionize road traffic attenuating Current externalities. Carmakers, researchers, and administration have been working on autonomous driving for years and significant progress has been made.

Connected Feature :

A connected car is a car that communicates bidirectionally with others outside of the car (LAN). This allows the car to share the internet access, and hence data with both inside and outside of the car. Currently, in India, all connected car makes use of 4G (4th Gen) LTE connectivity which offers faster internet speed and makes for smoother users. But the future of loT is 5th – Gen of LTE, and car manufacturers focusing on this. Vehicles – to – vehicles technology allows connected vehicles to communicate with each other.

The above given are the most happening technology trends in the automotive industry right now. If you take a closer look, all the automotive industry technology trends are based on artificial intelligence, big data, cloud, and, 5G. By using all these automobiles manufacturers modify the vehicles and come out with the latest and safer type.

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