There was anticipation last year that global vehicle sales would be challenged and it was also happened with global passenger vehicle sales staggering to a minor increase of just more 400,000 units in 2018. It has been seen that the chips on the persistent rise of mobility services and, at the end of the year, the top 5 ride-sleeting companies—Uber, Lyft, DiDi, Grab and Go-Jek—were likely to be worth over $230 billion. We had also forecasted that value-added services will transform automotive retail tremendously. So, when software technology companies entered into the automotive industry through services like usage-based insurance, new finance and leasing services, and connected car services, different automotive companies kept their customers busy and pleased through prolonged and improved following sales services and solutions.
A Year of achievements and problems
In 2019, there will be a combination of achievements and problems. Though automotive technologies will be new, exciting and modern, there will also difficulties will come across because of uncertainties caused by Brexit, the United States-Mexico-Canada Agreement (USMCA) and China’s evasion from this space. Everyone will probably see the fall of an automotive giant, the loss of a car segment which has long defined the popular vision of the automotive industry, a bonus for the titans of new mobility, and too much technology-driven interruption.
Internet Of Things (IoT) And AI help revolution: IoT and AI technologies have helped transform the automotive sector, driving extraordinary renovation across the vehicle and device connectivity, autonomous driving, electric power trains, and shared mobility and this trend will continue in coming future.
China Takes A fall: In 2018, the Chinese automotive sector has a drop down with the failing of the passenger vehicle market. This year, there will be probably a planned economy, the rising uptake of shared mobility means, the constant popularity of public transportation, and a more and more saturated SUV market.
Advanced audio to optimise the voice-enabled car: Chris Ludwig, vice president, EPIC Experience Team, said that the dominance and sophistication of in-car voice control systems has developed appreciably currently. When AI and autonomous features have advanced a lot, the safety and productivity benefits of voice technology have not been obtained. The reason behind it is that if commands can’t be heard or understood on both ends. Expect, there will be a greater spotlight on flawless optimisation on the sonic ambiance of the vehicle cabin to facilitate better in-car communication. Thus the dream of a smart audio system in the vehicle can be achieved and how the passengers can gain better experience.
Ride-dropping IPOs become bigger-size: Look forward for some mega bigger success in ride-hailing IPOs in 2019. Uber, Lyft and DiDi may be the winners in the public market by beating the business of entrenched car companies who have been manufacturing cars for over 75 years.
The demand for electric vehicles will be more: Around 280 go-getting start-ups are trying to renew their electric vehicle (EV) industry. Stricter emissions regulations will go with an outbreak of new model launches. Let’s get ready for riding electric vehicles and by that you will become more pervasive in ride-sharing and micro-mobility solutions. Global xEV sales are likely to grow 38% over 2018 and these may reach 6.67 million units.
In spite of growth in EV and hybrid vehicles, don’t count out petrol powertrains just yet. Modernization in petrol engine technology will more influence already struggling diesel powertrains. As a result, use of alternative fuels will come out.
At last, charging technologies will help catch up with developments in EV technologies.
The Future Of Mobility Is Multimodal: Public-private partnerships are getting stronger by Big Data and data analytics, will power resource-proficient, flexible and on-demand multimodal mobility solutions. This will merge with new policy programmes intended at supporting modernized and sustainable urban transportation. Simultaneously, wait for more legitimate journey planning apps for B2B and travelers.
Auto-manufacturers mess up to handle outcomes Of Trade Deals
Currently, the automotive industry has to support for a rough ride in this year. It is expected that there will be somewhat drop in sells of new vehicles in rising markets like Thailand, Turkey and Slovakia this year because of rising vehicle costs, and cannibalization by public transportation and new mobility alternatives. This will be counterbalance by minor growth in new car sales in other promising markets like India, Brazil and Mexico.
Basically, Latin America will be the rescuer on wheels and it will be pushed mainly by a resurgent Brazil. Brazilian automotive industry will get a concrete stand in 2019 by strong GDP growth, solid sales, particularly in the SUV segment, and policy drives through ‘Rota 2030’, a growth and modernization strategy making the aim of the country’s automotive sector.
According to less inspiring news, Brexit, USMCA and the US-China trade war will continue to shed dark shadows on the automotive industry. New vehicle production and sales are likely to experience impediments. With facing so many problems, the automotive industry tries to cross this difficult year, want to see more alliances between automakers and provide attractive after sales gifts to lure customers.