automotive industry has a great amalgamation of tech and industrial sector
disrupts to make innovative solutions. With the digitization buzz across the
world, the automotive industry is also gearing up for an extensive change in
2021. The sector has seen tremendous ups and downs in the past decade. But,
with all the technology adoption in the varied sector, the auto industry is
gradually moving towards advancement wherein the industrialists will make more
revenue and end users will find more innovative driving techniques.
alike other sectors, tops in automobile sector too followed by U.S and Japan.
However, with the changing time and scenarios like demand for auto sector
outputs and nation’s average age, the automotive sector is changing. Since
2019, India ranks 4th for being the largest automobile market surpassing
Germany and predictions says that it is all set to become the 3rd largest
market overtaking Japan. By 2030, the sources predict, the auto sector will be
led by China followed by the U.S and India.
data shown by IBEF says that Indian automotive industry (including component
manufacturing) is expected to reach Rs. 16.16-18.18 trillion (US$ 251.4-282.8
billion) by 2026.
with various sector, automotive also witnessed a slow down during pandemic due
to decrease in sales. However, the industry has started to rebound and gives an
array of hope to everyone. So here are few tech trends that will transform the
automotive manufacturing industry in 2021
is the new face of the sector!
Digitalization is the new realm for the auto industry, it has already been
implemented by large automobile institutions to cater their customers to
provide them with the best car buying and selling experience. But it also
includes the usage of VR (Virtual Reality), IoT (Internet of Things) and AR
(Augmented Reality) to implement the latest technologies including the use of
multi-hybrid cloud network architectures and Development and operations at a
deeper level in the upcoming future.
Intelligence (AI) based autonomous vehicle are the pacesetter in the auto
industry. AI is enabling smart travel methods through self-driving cars. These
vehicles do not need drivers and work on sensors and software
control and navigation. Autonomous vehicles are meant to reduce the requirement
of human drivers to make day-to-day transport easy. Big industry players like
Uber, Tesla, Google are strongly supporting working towards autonomous cars,
making it more reliable. With the current pace, it is estimated that further
application will also be explored, and investments will pour in in the coming
is the dire need in the current era
automotive industry bets its future on batteries. Government agencies,
Investors and carmakers are pouring money into research of batteries in a
worldwide race to profit from emission free electric vehicles. According to
Indian Brand Equity Foundation, EV sales, excluding E-rickshaws, in India
witnessed a growth of 20% and reached 1.56 lakh units in FY20 driven by two
wheelers. The increasing rate of reliance on fossil fuels and the harm to the
environment caused by using them has changed the outlook of automotive sector.
it has given emphasis to electric vehicles (EVs). A fact says that cars
contribute to 15% of carbon emission which causes potentially irreversible
damage to environment and deplete the fossil fuel reserves. To address these
challenges, Electric cars are leveraging a higher level of energy efficiency
and reduced fuel consumption. Though
there are limitations of EVs, which is still making it debatable with regards
to its acceptance and adoption in the sector. Electric vehicle makers should
come up with solutions on poor battery, high price, inadequate charging
infrastructure, renewable energy-based charging, and fleet electrification.
most likened technology in the internet generation!
has enabled the information more secure and safe to change, hack or cheat the
system. It transforms the organization’s processes. It enables to share the
vehicle data over a secure network for connectivity and shared mobility
solutions such as urban transportation, ride-hailing and deliveries. It is also
used in the verification process to improve efficiency across back-office works
and supply chain. The disruption of blockchain in auto sector is anticipated to
increase in the future.
printing, a new generation manufacturing
the increasing demands witnessed by auto sector for new vehicles and spare
products, the industrialists and end users always aspire for newer, better
performing vehicles and need to optimize production and streamline supply
chains and logistics. 3D technology is helping to meet all these requirements
and challenges. It has been explored across all the areas of automotive
production. Apart from its usage for rapid prototyping, it is also being used
to produce tooling and end parts.
automotive sector is moving towards the surge in the demand for newer
technologies every year. To meet those demands, industrialists and researchers
are coming up with latest manufacturing technologies. To cater the end users
with the best and most innovative technology, car makers across the world are
implementing various techniques. Coming years are welcoming the auto sector
with various upcoming innovations in the technology, which will reshape the
landscape of the automotive sector across the globe!
Lall is the GM (Industrial Technique) at Atlas Copco