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How Software Development is Transforming the Future of the Automotive Industry

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Global Trade Daily, Software, Technology

How Software Development is Transforming the Future of the Automotive Industry

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Explore how software development is revolutionizing the automotive industry, from connected cars to autonomous driving. Discover the key trends shaping the future of mobility and vehicle technology.

Read also: Buying or Building Your Business Software – How Do You Choose?

The automotive industry is currently experiencing significant changes thanks to advancements in software development. Presently, the vehicles are more than just transportation and are equipped with software that improves navigation, entertainment, and safety features, making each drive smoother and safer. This shift is due to software that manages everything from fuel efficiency to automated driving. These changes are making cars more eco-friendly and user-friendly.

These technological advancements are not just enhancing individual features but are transforming the overall vehicle ecosystem. With the rise of connected cars, software development is enabling vehicles to communicate with each other and with traffic management systems, paving the way for smarter transportation networks. 

According to the reports, the global automotive software market is expected to grow at a CAGR of 7.88% to reach $116. 62 billion by 2032. Thus, if you are an automotive business looking to leverage these advancements, it is essential to collaborate with a skilled automotive software development services provider. They can help you enhance your product offerings but also ensure that you stay competitive in this rapidly evolving market.

This blog will help you understand how software development is transforming the automotive industry’s landscape and why it’s high time to get on the digital bandwagon. So, let’s begin. 

The Rise of Connected Cars

The automobile industry is going through changes caused by connectivity in vehicles, the most promising among which are connected car solutions. These vehicles are already becoming moving PCs, which are, in fact, in a continuous process of interaction with the surrounding environment.

That is why with the help of internet connection cars have become mobile centers of entertainment. Presently, infotainment systems comprise smartphone interfaces and cloud services. A vehicle’s occupants are able to listen to music, get navigational assistance and access relevant content on the go.

Real-time data collection and analysis have opened new possibilities for vehicle performance:

1. Predictive maintenance alerts drivers to potential issues before they become problems.

2. Traffic pattern analysis helps optimize routes and reduce congestion.

3. Contrary to customary insurance, usage-based insurance works under the terms of practice, and drivers are charged according to their driving patterns.

OTA updates have, therefore, transformed the way and manner cars progress after being bought.

Manufacturers can now:

1. Fix software bugs remotely without requiring dealership visits

2. Design changes may involve the enhancement of new features in the car or the modification of existing features all through the lifecycle of the product.

3. Strengthen protection against threats that exist and to newly-approved threats.

Such connectivity is changing the nature of information that drivers, vehicles, and manufacturers share.

Advanced Driver Assistance Systems (ADAS)

ADAS is an important progressive departure of the vehicle, to enhance safety and implement tactical features in automobiles. These software based systems provide additional functionalities to the vehicles increasing safety and efficiency of the drive.

Automotive safety features have turned out to be important features of recent cars and these are driven by software. Businesses can avail automotive software from dedicated providers that are backed by sophisticated algorithms that enable:

1. Automatic emergency braking to prevent collisions

2. Lane departure warnings to keep drivers within road markings

3. Comfort in motion where the vehicle maintains a safe distance from the vehicle in front of it

ADAS is steadily leading the way to autonomous driving since new developments are gradually adding layers to the technology. 

Key milestones on this journey include:

1. Level 1 autonomy: Driver assistance with single automated systems

2. Level 2 autonomy: Partial automation of steering, acceleration, and braking

3. Level 3 autonomy: Conditional automation with human override

4. Level 4 autonomy: High automation in specific conditions

Every new feature takes cars to the future level of autonomy gradually with an eye on full autonomy.

Electrification and Battery Management

Electrification represents a new revolution in the automotive domain, which is based on software. Software control plays an important role in electric vehicle (EV) performance and energy consumption profiles.

Optimization of power electronic software applications increases the efficiency of electric powertrains and energy control of automobiles.

Sophisticated algorithms control power distribution, regenerative braking, and thermal management. This optimization extends battery life and improves overall vehicle efficiency.

Range prediction and charging management are critical aspects of the EV experience. Software plays a vital role in:

1. Accurately estimating the remaining range based on driving conditions and habits

2. Identifying optimal charging locations and planning efficient routes

3. Managing charging speed and battery health to maximize longevity

Advanced battery management systems utilize real-time data analysis to optimize performance. These systems monitor cell temperatures, voltage levels, and charge states. By constantly adjusting parameters, they ensure safe operation and extend battery lifespan.

Software development continues to push the boundaries of EV capabilities. It addresses range anxiety and enhances the overall driving experience for electric vehicle owners.

In-Vehicle Experience and Personalization

Modern vehicles now feature intuitive touchscreen interfaces and advanced voice recognition systems. These technologies streamline interaction with vehicle functions and infotainment systems.

1. Gesture controls for hands-free operation

2. Customizable dashboards displaying relevant information

3. Multilingual voice commands for global markets

AI-powered personal assistants

These systems learn from user behavior to provide increasingly relevant suggestions.

1. Contextual recommendations for navigation and entertainment

2. Integration with smart home devices for seamless transitions

3. Predictive maintenance alerts based on driving patterns

Customizable driving modes and settings

The software enables drivers to tailor their vehicle’s performance and ambiance to their preferences. This level of customization was previously impossible in traditional automobiles.

1. Dynamic suspension adjustments for comfort or sportiness

2. Personalized climate control settings for each occupant

3. Customizable ambient lighting to match mood or time of day

These advancements collectively transform vehicles into personalized, intelligent companions on the road.

Cybersecurity in Automotive Software

Increasing connectivity of vehicles lays this cybersecurity as a major issue in automotive software. The industry has new risks in regards to digital threats and the security of users’ data.

Protecting against potential threats:

1. Implementing robust firewalls to prevent unauthorized access to vehicle systems

2. Utilizing encryption for all data transmissions between vehicles and external networks

3. Regularly updating software to patch vulnerabilities and enhance security measures

Ensuring data privacy and compliance:

1. Anonymizing user data to protect individual privacy

2. Implementing strict access controls for sensitive vehicle and user information

3. Adhering to global data protection regulations like GDPR and CCPA

Automakers are also educating users about data collection practices and providing options for data control.

Conclusion

The automotive industry is poised for a momentous shift that changes the landscape of automobile manufacturing and its markets. Software development is at the center of this change which is slowly turning vehicles into smart connected platforms.

Thus, if you are a business looking to leverage this global shift, it’s now the right time to partner with a leading software development company in Saudi Arabia  that can help you develop innovative solutions that address regional needs while meeting international standards.

The critical role of software in shaping the future of mobility cannot be overstated. It enables:

1. Continuous improvement of vehicle performance through over-the-air updates

2. Integration of vehicles with smart city infrastructure

3. Personalization of the driving experience based on user preferences

 

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Global Logistics, Global Trade Daily

Automotive Predictive Maintenance Market: Pioneering Efficiency and Reliability

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Introduction

Automotive predictive maintenance refers to the application of advanced analytical techniques and data gathering tools to forecast vehicle maintenance needs before failures occur. This proactive approach leverages data from onboard sensors, historical maintenance records, and real-time diagnostics to predict potential issues, thereby reducing downtime and maintenance costs while enhancing vehicle longevity and safety.

Read also: Predictive Analytics in Global Trade: Forecasting Market Trends with AI

According to Market.us analysis, The global automotive predictive maintenance market is anticipated to experience robust growth, expanding from USD 22 billion in 2023 to an estimated USD 100 billion by 2032. This growth trajectory reflects a Compound Annual Growth Rate (CAGR) of 18.6% over the forecast period from 2023 to 2032. The substantial increase underscores the automotive industry’s shift towards integrating advanced predictive technologies to enhance vehicle longevity, reduce maintenance costs, and improve overall operational efficiency.

However, the market faces challenges such as the high costs associated with implementing predictive maintenance systems and the complexity involved in integrating and analyzing data from various sources. There are also concerns about data privacy and the need for continuous updates and maintenance of the analytical tools.

Despite these challenges, the opportunities in the automotive predictive maintenance market are significant. There is a growing demand for these services as they lead to cost savings over time by avoiding major repairs and improving the resale value of vehicles. Additionally, as the technology advances, it offers a competitive edge to automakers and fleet managers who adopt it, positioning them as leaders in efficiency and reliability. This market is poised to reshape how vehicle maintenance is approached, offering substantial benefits to both consumers and businesses.

Read also @ Predictive Maintenance Market: Revolutionizing Asset Management for Maximum Efficiency

Automotive Predictive Maintenance Statistics

  • The Global Predictive Maintenance Market is poised for significant expansion, with projections indicating a growth from USD 8.7 Billion in 2023 to approximately USD 107.3 Billion by 2033. This represents a robust compound annual growth rate (CAGR) of 28.5% during the forecast period from 2024 to 2033. 
  • According to Infraspeak, the adoption of predictive maintenance techniques can lead to substantial cost reductions, offering savings of 30-40% compared to reactive maintenance, and 8-12% compared to preventive maintenance. 
  • Notably, 47% of global manufacturers currently deploy predictive maintenance technologies to curtail operational expenses, highlighting a significant growth opportunity for the remaining 53% to enhance efficiency and reduce costs through advanced maintenance strategies.
  • In the market segmentation by solutions, the Solutions segment held a commanding lead in 2022, capturing more than 62% of the market share. This dominant position highlights the increasing adoption of integrated maintenance solutions that not only enhance vehicle reliability but also minimize downtime, catering to the growing demands for efficiency in automotive operations.
  • Technology integration saw significant contributions from the Internet of Things (IoT) in 2022, which held over 35% of the market share. The integration of IoT technologies is crucial, enabling real-time monitoring and predictive analytics in vehicle maintenance systems, which are essential for proactive maintenance strategies.
  • When examining the market by vehicle types, the Passenger Cars segment emerged as the leader, accounting for more than 61% of the market share in 2022. This dominance reflects the increasing reliance on predictive maintenance solutions to boost safety and operational efficiency in personal vehicles.
  • In terms of maintenance services, the Oil Change segment played a critical role, securing more than 22% of the market in 2022. This segment underscores the importance of regular oil changes in the maintenance regime, enhanced through predictive scheduling and advanced diagnostics to optimize vehicle performance.
  • Geographically, North America continued to lead the automotive predictive maintenance market, holding a substantial share of over 43% and generating revenues of USD 8.1 billion in 2022. This regional leadership is attributed to the advanced adoption of predictive technologies and stringent regulatory frameworks that emphasize vehicle maintenance and safety.

Emerging Trends in the Automotive Predictive Maintenance Market

The automotive predictive maintenance market is witnessing several innovative trends that leverage advanced technologies to enhance vehicle maintenance and operation. Key emerging trends include:

  1. Internet of Things (IoT): Centralized asset monitoring through IoT allows for real-time data collection on vehicle performance, facilitating proactive maintenance interventions​.
  2. Digital Twins: This technology involves creating virtual replicas of physical vehicles or systems to simulate real-world conditions and predict potential failures, thereby optimizing maintenance schedules and preventing unplanned downtime​.
  3. Predictive Analytics: The use of machine learning and big data analytics to analyze vast amounts of unstructured data, helping businesses predict maintenance needs and prevent failures before they occur​.
  4. AI-Driven Decision Making: Enhanced predictive capabilities through AI help in better decision-making by analyzing data to predict when maintenance should be scheduled​.
  5. Integration with Advanced Telematics: Advanced telematics support predictive maintenance by monitoring vehicle conditions and performance in real-time, which helps in timely maintenance and reduces downtime​.

Top Use Cases for Automotive Predictive Maintenance

Automotive predictive maintenance finds application in various aspects of vehicle management and maintenance:

  1. Engine Performance Monitoring: Regular monitoring of engine parameters to predict and prevent potential failures, optimizing engine performance and lifespan​​.
  2. Transmission Systems: Early detection of issues in transmission systems can prevent extensive damage and costly repairs, thereby ensuring smoother vehicle operation​​.
  3. Fleet Management: In commercial applications, predictive maintenance is crucial for fleet management, ensuring all vehicles are operating efficiently and reducing downtime significantly​​.
  4. Safety Enhancements: By predicting potential failures in critical components like brakes and airbags, predictive maintenance contributes to overall vehicle safety​​.
  5. Warranty Cost Reduction: Automakers use predictive maintenance to address issues before they lead to major repairs, thereby reducing warranty-related costs​​.

Major Challenges

Despite its benefits, the implementation of predictive maintenance in the automotive industry faces several challenges:

  1. High Initial Investment: Significant upfront costs associated with setting up predictive maintenance systems can be a barrier, especially for small and medium-sized enterprises​.
  2. Data Security and Quality: The effectiveness of predictive maintenance heavily relies on the quality and security of data collected, which can be compromised in various scenarios​​.
  3. Technical Expertise: The need for specialized knowledge to implement and maintain predictive maintenance systems poses a challenge for organizations lacking in-house expertise​.
  4. Resistance to Change: Traditional organizations may resist adopting new technologies, which can slow down the integration of predictive maintenance solutions​.
  5. Interoperability Issues: A lack of standardization across different predictive maintenance systems can lead to compatibility issues​​.

Market Opportunities

The automotive predictive maintenance market presents significant opportunities:

  1. Increased Adoption in Emerging Markets: As automotive markets in developing regions grow, there is a substantial opportunity for the adoption of predictive maintenance solutions​.
  2. Technological Advancements: Continuous advancements in IoT, AI, and machine learning offer new opportunities for the development of more sophisticated predictive maintenance tools.
  3. Expansion into New Industry Verticals: Beyond automotive, predictive maintenance technologies have the potential to be adapted for other industries like manufacturing and aerospace, expanding the market further​.
  4. Regulatory Support: Increasing environmental and safety regulations could drive higher adoption of predictive maintenance technologies to comply with stringent standards​.
  5. Partnerships and Collaborations: Collaborations between automotive companies and technology providers can enhance the development and implementation of predictive maintenance solutions, creating win-win situations for all stakeholders​​.

Regional Analysis

In 2023, North America held a dominant market position in the automotive predictive maintenance market, capturing more than a 43% share with revenues amounting to USD 8.1 billion. This leadership is largely due to the region’s advanced automotive infrastructure and the high adoption rate of new technologies among both manufacturers and consumers. 

North American automakers are at the forefront of integrating advanced sensors and IoT technologies into their vehicles, which are essential for effective predictive maintenance. The region’s strong regulatory framework supporting vehicle safety and emissions standards also drives the adoption of such technologies, as they can help in complying with these regulations by ensuring vehicles are well-maintained and perform efficiently.

Europe follows closely, driven by its stringent automotive regulations and the presence of major automotive players who are heavily investing in digital transformation strategies. The European market is also bolstered by robust governmental support for adopting new technologies that enhance automotive safety and efficiency. This region has been quick to adopt electric vehicles (EVs), which require significant predictive maintenance to manage battery life and optimize overall vehicle performance.

The Asia-Pacific (APAC) region shows promising growth, influenced by the expanding automotive manufacturing sector in countries like China, India, and Japan. The increasing vehicle production, coupled with rising technological adoption, is setting the stage for substantial growth in predictive maintenance services. Furthermore, as these markets continue to develop economically, the demand for more reliable and efficient vehicles is expected to rise, further driving the need for advanced maintenance technologies.

Recent Developments

  • In July 2024, SAP was recognized as one of the world’s most sustainable companies. This recognition underscores SAP’s commitment to integrating sustainability into its core operations and products, including predictive maintenance solutions that help clients reduce their environmental footprint by optimizing asset management.
  • In 2023, HPE launched new enhancements to its GreenLake platform, which now includes advanced predictive maintenance capabilities. These updates leverage AI and machine learning to predict potential equipment failures and optimize maintenance schedules, thereby reducing downtime and maintenance costs.
  • In early 2024, GE introduced a new version of its Predix Asset Performance Management (APM) software. The updated software offers improved predictive analytics and machine learning algorithms to better predict maintenance needs and optimize asset performance in the automotive sector.
  • AWS expanded its predictive maintenance offerings in March 2024 by launching new IoT services that provide enhanced data collection and analysis capabilities for automotive applications. These services enable real-time monitoring and predictive analytics to prevent equipment failures and reduce maintenance costs
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Global Logistics, Global Trade Daily

REVEALED: How Do Disruptions in the Supply Chain Affect the Automotive Industry

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The automotive industry’s reliance on its supply chain running smoothly is important to ensure the consistent production of vehicles for consumer and corporate demand, especially considering that most vehicles can contain between 15,000 and 25,000 component parts.

Read also: Transforming the Automotive Industry with Sustainable Vehicle Recycling

Chris Thompson, Operations Director at Electrix International, a global supplier of stainless steel electrical enclosures, has offered some expert insight into the supply chain issues facing the automotive industry, including the impacts it has and posing some potential solutions.

Reduction in workforce

One significant concern in the automotive industry is the significant shortage of laborers and workforce. In fact, an ABB survey of around 600 global industry experts found that skills shortages of talented laborers were of the greatest concern in North America, with 56% of experts outlining it as a problem. 48% also stated that new skills were required to adjust to the fast-changing landscape of the industry, with more needing to be done to attract people to join the industry.

Technology shortage

One significant issue within the automotive supply chain is the shortage of key technological components, like semiconductors, that go into vehicle production. These inventory shortages increase delivery lead times, and the scarcity of parts has forced manufacturers to raise costs, meaning final prices for consumers are even higher than before.

In fact, the cost of a new car in 2024 is now an average of $48,759, which could increase further should these delays increase. Not only does this have an impact on new car purchases but also on the aftermarket industry, as it affects repair and maintenance services being unable to work on vehicles with replacement parts.

Geopolitical and naturally occurring phenomena

It’s not just physical issues that can affect the supply chain, as the wider landscape of the world can have a huge impact on the automotive industry. Geopolitical developments that automotive manufacturers have no control over can cause interruptions in the flow of goods and materials. For instance, Volvo and Tesla had to suspend manufacturing due to the conflict in the Red Sea in early 2024. Conflicts and tensions between countries affect trade and tariffs placed on materials like steel and aluminum, which in turn raises costs for manufacturers. The knock-on effects can have huge implications in the long term.

In addition to geopolitical situations, naturally occurring phenomena and disasters can also contribute to production and supply chain issues for the industry. Whether it’s hurricanes, wildfires, or earthquakes, they’re unpredictable in their very nature and can be hugely disruptive to production facilities and transport networks. The knock-on effect leads directly to supply shortages and delays in production.

How does the industry respond to these challenges?

The automotive industry has been forced to create and implement strategies to deal with these challenges, with one solution being to diversify supply chains, which involves reducing their reliance on single-source suppliers. This means establishing strategic partnerships with multiple suppliers, as well as investing in localized production facilities, and making the most of emerging technologies to streamline and optimize operations.

This creates more flexibility in managing the supply chain to react quickly to the impact of disruptions and continuing with processes despite unforeseen circumstances. The market and industry are constantly evolving, so staying on the cusp of new strategies can avoid major disruptions.

Disruptions within the supply chain have emerged as a significant challenge for the automotive industry, whether it’s geopolitical tensions or natural disasters. The challenges posed to the market have impacted everything from the production of new vehicles to increased costs of units to materials and affecting consumer demand. This is why it’s so crucial for the industry to explore proactive solutions to mitigate these risks and build a stronger risk management strategy.

Sources
https://caredge.com/guides/new-car-price-trends-in-2024 

https://www.scmr.com/article/disruptions-remain-cog-automotive-supply-chain-wheel3 

 

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Transforming the Automotive Industry with Sustainable Vehicle Recycling

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Electric vehicles are great for our environment, but what happens to vehicles at the end of their life cycle? Are they truly good for our environment if buried in landfills? I am bringing to your attention an innovative solution that is revolutionizing the automotive industry and addressing the pressing issue of sustainable vehicle recycling.

Carbon Rivers, a Certified Small Business headquartered in Knoxville, TN, has successfully developed an ESG upcycled glass fiber circular economy for all composite industry sectors, focusing on the automotive industry. Carbon Rivers is transforming the way vehicles are recycled by taking composite materials from car parts and reusing them instead of sending them to landfills.

Vehicles made from non-recyclable materials strengthened by glass fibers end up in landfills after retirement, posing a significant challenge to the sustainability of electric vehicles and the automotive industry. However, Carbon Rivers’ technology offers a practical and responsible method for reusing these materials at the end of their lifecycle. Through its glass-to-glass (G2G) process, these materials can be reborn into sustainable, recyclable composites.

In addition to its groundbreaking technology, Carbon Rivers is excited to partner with industry leaders and collaborators to demonstrate upcycled glass fiber composite moldings and showcase its capabilities with advanced technologies. They have even converted a Mazda RX-8 from a petrol-driven car to a fully electric-powered supercar, achieving remarkable performance improvements. And even parts of the EV Mazda are from a recycled wind turbine blade. Additionally, Carbon Rivers takes EV end-of-life batteries, recovers the graphite within the batteries, and then deploys the graphene into the subsequent life cycle manufacturing like new batteries- a truly sustainable lifecycle.

With its expertise in EV batteries, automotive composites, and automotive coatings, Carbon Rivers commercializes advanced materials and technologies. Currently, they are seeking funding with their ANC partner to develop a post-industrial and post-consumer glass fiber recovery scale-up for composite manufacturers. Imagine an end-of-life wind blade or glass fiber manufacturing scrap going into your next vehicle.

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The Rapidly Growing Demand for Batteries from Automotive Sector and Enhanced Applications of Batteries in Vehicles is Boosting the Market Demand

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Battery Manufacturing Machines Market Outlook (2023 to 2033)

As per Future Market Insights, the battery manufacturing machines market is anticipated to attain a value pool of US$ 10 billion by 2023-end. Global demand for battery manufacturing machines is expected to rise at a CAGR of 26% to US$ 100 billion in 2033.

Key Expansion Drivers

Increasing demand for marine batteries: The increasing demand for electric boats and ships is driving the demand for marine batteries. As the marine industry continues to adopt electric propulsion, there will be a growing need for battery manufacturing machines that can produce high-capacity marine batteries.

Growth of the aerospace industry: The aerospace industry is increasingly adopting electric propulsion for aircraft and drones, which is driving the demand for high-performance batteries. This presents prominent growth prospects for battery manufacturing machine manufacturers to produce batteries for the aerospace industry.

Expansion of the telecommunications industry: The telecommunications industry is increasingly adopting renewable energy sources, such as solar and wind, to power their infrastructure. As the industry grows, there will be a growing need for battery manufacturing machines that can produce batteries for telecom applications.

Increasing demand for military applications: The military is increasingly adopting electric vehicles and energy storage systems to reduce its reliance on fossil fuels. This presents prominent growth prospects for battery manufacturing machine manufacturers to produce batteries for military applications.

Expected Growth Opportunities

Increasing adoption of automation: The adoption of automation in battery manufacturing is increasing, and this presents an opportunity for manufacturers of battery manufacturing machines. Automation can help increase efficiency, reduce costs, and improve quality in the manufacturing process.

Growing demand for portable power solutions: The demand for portable power solutions, such as portable chargers and power banks, is growing as more people rely on portable electronic devices. This presents an opportunity for battery manufacturing machine manufacturers to produce batteries for these application

Increasing adoption of wearable devices: The demand for wearable devices, such as smartwatches and fitness trackers, is growing as people become more health-conscious. This presents an opportunity for battery manufacturing machine manufacturers to produce small, lightweight batteries for wearable devices.

Prevalent Market Trends

Development of advanced manufacturing technologies: The development of new and advanced manufacturing technologies, such as additive manufacturing (3D printing), is driving the growth of the battery manufacturing machines market. These technologies can help reduce the cost and time required to manufacture batteries.

Emergence of Solid-State Batteries: The emergence of solid-state batteries is also driving the growth of the Battery Manufacturing Machines Market. Solid-state batteries are safer and have higher energy density than traditional lithium-ion batteries, which makes them a more attractive option for use in EVs and other applications. However, the manufacturing process for solid-state batteries is more complex than traditional lithium-ion batteries, which is driving the need for new battery manufacturing machines that are designed specifically for the production of solid-state batteries. This trend is expected to continue in the coming years, as more companies invest in the development of solid-state batteries.

Development of Battery Recycling Technology: The development of battery recycling technology presents an opportunity for the Battery Manufacturing Machines Market. As the demand for batteries increases, so does the need for battery recycling. Recycling can help reduce the environmental impact of battery production and extend the life of batteries, which can ultimately reduce costs. As battery recycling technology continues to develop, there will be a growing need for battery manufacturing machines that can produce recycled batteries.

Increasing E Mobility and enhanced application of electric devices for various industries is key demand factor for battery manufacturing machines. Increasing concern for reducing carbon footprint is anticipated to augment growth for this market.

What is Driving Demand for Battery Manufacturing Machines?

The rapid growing demand of batteries from automotive sector due to increasing popularity of electric vehicles and enhanced applications of battery in vehicle is boosting the market demand of battery manufacturing machines, also new innovations and growth of electric consumer appliances are enhancing sales of batteries.

The demand for li-ion battery based product has risen in past few years and the demand growth is anticipated to continue in upcoming period due to enhancing applications of Li-ion based batteries in various applications due to its safety and ability to work in different temperature conditions, Key manufacturers are also focusing on providing innovative and convenient to use manufacturing equipment.

Furthermore various initiatives taken by governments and various organizations to reduce the carbon foot print and E-waste is key factor the enhanced sales of the battery manufacturing machines in upcoming periods, battery manufacturing machines supports sustainable environment by producing and remanufacturing used batteries which is beneficial way to decrease the e-waste.

Automotive Industry to Boost the Demand for the Battery Manufacturing Machines in Upcoming Period

Automotive Industry is experiencing rapid growth due to innovations and rapid updating technologies, escalated sales of electric & hybrid vehicles are lifting automotive sector up, and the sales of electric and hybrid vehicles are expected to be raising higher in upcoming period, owing to that reason battery manufacturing machine sales are also expected to be higher since battery is key component of electric vehicle.

However, the demand from automotive industry was effected due COVID – 19 due to which production and sales of vehicles were highly impacted. Also manufacturing plants were closed and supply network was shut off, which impacted sales of Battery manufacturing machines negatively.

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Archives, Global Trade Daily, Market insight

Automotive Semiconductor Market Players Hope for a Revival in Passenger Vehicles Segment

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The global automotive semiconductor market is poised to increase at a CAGR of 7 % during the assessment period from 2020-2030. The growth is primarily attributed to a growing demand for usage of automotive semiconductors in camera-based sensors, 3-D mapping technology applications, Matrix LEDs for electric vehicles, camera-based sensors, LiDAR sensors, and others are projected to allow growth in the market.

“Digitally equipped manufacturers are implementing their mobile platforms for evolving car platforms and in-car entertainment. Technology-based manufacturers have collaborated with media-streaming devices and services companies due to core capabilities and their aggressive capital investment. Thus, due to digital connectivity for instance vehicle-to-vehicle communication, the market is projected to fuel up during the assessment period,” states the Future Market Insights analyst.

Key Takeaways

  • North America is anticipated to remain lucrative throughout the assessment period 2020-2030.
  • The micro-components (processors) segment is anticipated to witness an accelerated expansion of 7.0% during the projected period.
  • The passenger vehicle types segment will continue to lead the global market among other segments.
  • The safety application category is likely to rise at a higher pace over the assessment period.
  • The automotive industry will remain a key beneficiary throughout the projected period.

Automotive Semiconductor Market – Drivers

  • The growing production of vehicles across several nations has been complementing the market growth.
  • Increasing preference for best-in-class features and greater performance in motor vehicles boost the market demand.
  • Steady growth in the need for safety attributes in ultra-modern vehicles will propel market growth.

Automotive Semiconductor Market – Restraints

Factors such as continuous optimization of component size, maintaining balance amid quality and cost of the product, and the rising cost of the overall vehicle are continuously creating challenges for the automotive semiconductor market

COVID-19 Impact on Automotive Semiconductor Market

Given the debilitating effect of the COVID-19 pandemic on the automotive semiconductor market, market players are vying for prospects to stay afloat in the market scenario. The digital & electrical vehicles being the chief source of the automotive semiconductors need, the global market is likely to decrease by 5% towards 2020 end. Despite the entire shutting down of the manufacturing plants throughout the lockdown, the total year-to-year expansion of the market is projected to be 5%-8% through 2021.

Regional Analysis

China is the leading automotive manufacturing country in the world, and this factor alone is projected to boost shipments of automotive semiconductors in the nation over the years to come. Supportive government initiatives to boost semiconductor manufacturing and the rising use of automobile computer chips are prominent factors that will govern automotive semiconductor demand through 2030.

Competitive Landscape

Major companies identified in the global Automotive Semiconductor market include Samsung Semiconductors, Intel Corporation, NVIDIA Corporation, NXP Semiconductors, Texas Instruments Inc. (TXN), Broadcom Inc. (AVGO), Qualcomm Inc. (QCOM), Taiwan Semiconductor Manufacturing Co. Ltd. (TSM), ASE Technology Holding Co. Ltd. (ASX) and Micron Technology Inc. (MU).

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Archives, Commentary, Global Trade Daily

Automotive Logistics Solutions and Transport Services In 2022

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Have you ever wondered about the processes that go into delivering your vehicle to you? Rest assured there is a lot that goes on in automotive logistics. You might think that it is as easy and smooth as your usual online purchases, but there is a whole process going on before your car can arrive at its final destination.

Automotive Logistics and Transportation Services

First, let us look into what automotive logistics really is.

The automotive supply chain is composed of all stakeholders. This includes companies and individuals that are relevant to the automotive industry, including international and commercial shipping, storing, and even local delivery professionals.

This whole process involves active mobility of all automotive parts, including components and replacement parts, and final products. Furthermore, the active involvement of organizations such as maintenance and repair providers is also essential in making the whole chain operate successfully. Services of such organizations like Autobedrijf Geesteren play an important role in maintaining the quality of our vehicles. They provide their expertise in making sure that vehicles are in the best condition at all times.

Once you receive the car, there is the maintenance aspect by car service experts. If you’re in the transport industry you will understand why you need professional services. Keeping the vehicles in top running order will be critical.

The automotive industry has long been one of the most profitable industries. So, in 2022, it is expected to even grow bigger as new technology is introduced.

Below are some of the things we can expect from this industry.

Automotive Logistic Forecast 

2020 and 2021 experienced major disruptions due to the Covid-19 pandemic. Some companies had to shut down, thereby affecting supply. Social distancing and quarantines made it impossible to continue work as usual. But now, the world is starting to adjust back to normal.

While there may not be a full return to normalcy anytime soon, things are looking up. We can expect interesting trends and solutions to come into play and automotive industry players have a lot to look forward to.

The auto dealer forecasts an increase in demand for transport as operations resume. There is also an opportunity for partnerships with logistics companies. The challenge will come in ensuring timely deliveries and reducing lead times.  

But that’s not all. The automobile industry faced a slowdown during the outbreak of the pandemic. There was a disruption in the manufacturing and supply chain of automobiles. Thankfully, 2022 may see the resumption of services. There is great positivity in the sector as players gear up to fill in any gaps.  

Autonomous Vehicles to Make an Impact

The interest in autonomous vehicles is not new. But, the focus has largely been on the consumer, rather than the logistics sector. The impact of such cars in the transport sector is gaining interest. Major logistics companies like UPS and DHL are making a foray into determining the viability of autonomous delivery cars. The companies see benefits in terms of higher efficiency and a reduction in operational costs.  

Autonomous vehicles can take care of a significant challenge in the supply chain. The American Trucking Association estimates a shortage of about 80,000 truck drivers. The situation is so dire that it could be twice that number by 2030. Lack of drivers means goods do not reach the shelves or customers. It is a great concern that needs addressing. But, therein lies the opportunity to look for sustainable solutions. Autonomous cars may free up the dependence on human labor.  

Investor Interest in Innovations Is Increasing 

Autonomous trucks are generating significant interest amongst investors. As of 2019, they have injected $11 billion into startups working on autonomous trucks. One such company is Aurora that is on track to go public.

Other startups include Embark Trucks, Plus and Simple, Waymo, and Locomation. And, traditional truck makers and auto parts dealers are not taking chances. They understand the direction the industry is going. That is why many are entering into partnerships with tech companies.   

It will be interesting to see whether the industry can have fully self-driving trucks. It might not happen within 2022, but we can expect plenty of reports on pilots or demonstrations from the startups.           

Role of the Internet and Artificial Intelligence 

Internet-connected vehicles will become more commonplace going forward as connectivity enhances communication. Drivers can get information on road safety, weather, road congestion/condition, accidents, or speed limits.  

Remote diagnostics and system updates will be easy with vehicle-to-cloud connectivity. Companies can monitor and get real-time data on vehicle location. Such information increases security and allows for the prediction of arrival times. The Internet of Things (IoT) will impact every step of the supply chain. It will enhance communication between manufacturers and logistics companies.   

Artificial intelligence is already part of the automobile manufacturing industry. The applications are numerous including supply chain optimization and vehicle assembly. AI also takes care of mundane, repetitive tasks. The teams can focus on other core areas. These include research, innovation, and design.  

Yet, all those functionalities do not uncover the full potential of AI in the automobile industry. The technologies have a significant role to play in predictive monitoring, quality control, and early detection of defects.  

AI allows teams to collect data that improves the decision-making process. Logistics companies can use such to make predictions — like best carriers or modes of transportation for maximum reliability and profit. Auto companies can forecast demand by understanding the customer’s purchasing behavior.  We predict a future where AI commands a much larger space in the industry. 

Overcoming Logistics and Transportation Challenges

As the world moves to 2022, those in the logistics and transport sectors must overcome several challenges. The pandemic has some great lessons to teach, including the need for better preparedness through solid contingency plans.

Creating agile solutions must take center stage as we move closer to the new year. The sector has to look into ways to cut down costs, and quick solutions are available in things like process automation and the use of AI. Data analysis can, for instance, help with route optimization. Real-time data provides road condition information while truckers can take the best routes to ensure they meet deadlines. AI will improve efficiency thus cutting down on production times. All these benefits will trickle down to the end-users. 

Innovations like autonomous cars will increase efficiency. They also provide a contingency plan to avoid challenges like driver shortage. Industry players must work together to come up with sustainable solutions.  

Technologies like blockchain may provide a solution to fraud cases. Transport and logistic companies can manage inventory better. The technology does not allow for data alteration, without raising a flag.

And, the real-time insights will make it easier for the companies to communicate with customers. Efficient inventory tracking and management will enhance operations all around.  

Final Thoughts

2022 will be a time for recovery for many industries. It is clear that the pandemic will cross over into the New Year. The good news is businesses are stabilizing once again. There will be greater adoption of technologies like IoT, AI, and blockchain. The aim is for higher efficiency at lower costs.

The automobile and transport sector has a lot to look forward to. Autonomous vehicles may hit the streets in a big way. Perhaps the most exciting will be seeing a self-driving truck. With the level of interest amongst startups and investors, it may happen sooner than we can predict.

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Digital Twin Market: Top Impactful Trends Fostering the Industry Growth through 2026

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The global digital twin market is expected to witness rapid development in the coming years, thanks to its increased adoption by enterprises to effectively manage various critical activities of their business. As the term suggests, it is considered as a digital counterpart of a real-time or physical machine or process. It can be a computer program that is quite useful for conducting virtual simulations of a physical product or process to understand and estimate its future performance.

Several governments across the world are showing their support towards the development of advanced production technologies in the form of favorable initiatives and policies. Digital twins are becoming quite popular among companies as they help them analyze the future performance of an object or process, thereby saving a lot of money, time and effort for the organization. For instance, ORE Catapult and James Fisher Asset Information Services Ltd., in April 2020, announced a strategic alliance to use digital twin technology for effective offshore wind management.

The top trends that will bolster the global digital twin industry are given below:

Use of advanced technologies will drive digital twin industry in Europe:

Europe’s digital twin market size is anticipated to go past the valuation of $9.5 billion during the forecast period of 2020-2026. The region is widely known for the creation and use of advanced technologies across different industries. Digital twin technology has picked up pace in recent years in several countries across Europe because of the rising need for virtual technologies and high-end analytical tools to help build future processes across industries.

GHENOVA Ingenieria launched its own digital twin center named GHENOVA 360 in May 2020. The launch will help in the creation and deployment of naval systems and has enabled the company to deliver solutions to military ship manufacturers.

The automotive industry will use digital twins to improve product performance:

Digital twin technology will find increased application in the European automotive industry. The automotive sector will use this technology to analyze the performance of vehicles and make desired changes. It will help companies make improvements in the overall design and efficiency of the vehicles as well. Advanced technologies like AI, IoT and IIoT are being increasingly adopted to continuously enhance the driving experience for the owners. The use of digital twin technology even helps predict potential risks in vehicles and provides solutions for the same.

Germany’s role in the European digital twin industry :

Germany is known for its use of advanced technologies and will play a key role in the development of the digital twin market in Europe. Digitization is taking place on a large scale across different sectors like healthcare in the country. This has prompted the development of digital twin solutions among many domestic companies.

Siemens AG announced a partnership with Atos SE to create digital twin services for the pharmaceutical sector. Various technologies like AI, IoT and IIoT are being used in digital twin processes to analyze the overall efficiency in the production of pharmaceutical products and make improvements accordingly. The use of this advanced technology has helped increase the overall reliability and quality of processes.

Improved design and performance demand in North America:

North America’s digital twin market is expected to become worth nearly $1.5 billion in valuation over the coming years. There has been a growing need for improving the design and performance of the products and services among the regional producers. In fact, the product design and development application held a share of nearly 50% in the regional digital twin market in 2019. The demand for detecting faults beforehand and making significant improvements in the design and performance of the product has stimulated the need for using digital twins.

This technology helps in saving a lot of money, time and efforts of companies by speeding up the designing procedures which ultimately helps in launching new products at a faster rate.

North America aerospace and defense sector uses digital twin:

The aerospace and defense sector in North America will increasingly adopt digital twin technology through 2026. One of the main reasons for this substantial rise in demand is the need to reduce casualties and increase the efficiency of military weapons. Digital twin technology helps in creating virtual models of weapons and other components to understand their current status.

The data received from real-time machinery helps the advanced technology in detecting potential faults in these weapons and even helps in predicting the exact time when maintenance will be required. The aircraft industry is using digital twins of real airplanes and feeding them with real-time data to improve the reliability of their functioning and reduce the overall cost of maintenance. They effectively help in enhancing the performance of the airplanes as well.

The rise in industry 4.0 practices will foster APAC digital twin market:

The Asian Pacific digital twin market will become worth more than $11 billion in valuation by 2026. Industry 4.0 is seeing rapid adoption across different sectors and is helping them become digital in many ways. The use of digital twin technology will enable industries in bridging the gap between the virtual and physical world and will even play an important role in enhancing overall efficiency and productivity. Toyota had, for example, had displayed its concept of futuristic warehouses with digital twin in April 2019, having intelligent pre-trained forklifts and lean logistics.

Higher focus on process support and services in Asia Pacific:

Digital twin technology solutions will find increased application in process support and services segment in Asia Pacific region. The Asia Pacific digital twin market share from the application is anticipated to grow at 35% CAGR throughout the mentioned forecast timeline. Processes of several industries can be improved with the help of digital twins; they can even be used to reduce the overall maintenance costs by predicting faults beforehand. These efforts will improve customer experience, reduce overhead costs incurred in repair and maintenance and optimize manpower use in the manufacturing processes.

Some of the prominent companies involved in providing digital twin technology solutions across the world are Oracle Corporation, IBM Corporation, Siemens AG, PTC Inc., SAS Institute Inc., Rockwell Automation, Schneider Electric and some others.

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Archives, Global Logistics, Global Trade Daily

A Glance at Expanding E-commerce Automotive Aftermarket Amid Rapid Technological Evolution in Vehicle Manufacturing

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Technology has triggered a fundamental change across nearly every major retail domain, except for one; automotive. While digital communication, B2B sales, and retail have witnessed changing trends due to technological transformation, the automotive sector has been relatively slow on the uptake in this regard. It had remained considerably consistent for over a century since the establishment of the first car dealership in 1898 in Cleveland, however, electronic commerce is set to change the way automotive retailing works. With consumer shopping trends continuing their steady shift towards the digital domain, e-commerce automotive aftermarket is all ready to rule the roost.

One of the biggest impacts of technology on the automotive domain has been observed in the automotive aftermarket industry. Automotive aftermarket refers to the after-sale market of the automotive sector. In essence, any automotive parts or components such as vehicle equipment, collision repair, service repair, replacement tires and other accessories sold after the sale of the original vehicle, are considered to be a part of the “aftermarket”. The automotive aftermarket encompasses companies involved in the production, remanufacturing, retail, distribution, and installation of replacement car parts, service repair, equipment, and accessories.

In the modern era, the emergence of e-commerce automotive aftermarket entities, such as eBay Motors and Amazon Marketplace have redefined the automotive sale experience for customers across the globe. From a customer’s perspective, such platforms deliver the ideal solution for customers in search of non-mission-critical and other discretionary parts, where they can browse through similar products, check reviews and avail quick delivery at economical price points. This ease and convenience are among the major factors responsible for elevating digital platforms like Amazon to great heights in the e-commerce automotive aftermarket domain in recent years.

For conventional automotive retailers and OEMs, on the other hand, the rise of these digital solutions has considerably disrupted industry trends. However, this does not necessarily spell trouble for these traditional automotive entities. On the contrary, leveraged correctly, e-commerce for automotive aftermarket can actually present a vast array of lucrative avenues for these retailers to establish a strong long-term presence in the aftermarket auto parts landscape.

How is e-commerce transforming the automotive domain?

Traditional sales models for the automotive industry have been predominantly dealer-based. From gaining information, to test drives, to transactions to servicing, nearly all activities associated with automotive sales and after-sales were carried out at the physical brick-and-mortar automotive dealerships.

However, these days, many customers are turning their focus towards e-commerce automotive aftermarket for their retail experiences, given the convenience, speed, and autonomy provided by these platforms. In fact, a 2019 study conducted among 1,089 vehicle shoppers suggested that nearly 49% of consumers are open to purchasing their new vehicle completely online.

Therefore, it is unsurprising that e-commerce seems to be really coming into its own and eliciting a massive transformation across the automotive sales spectrum, for sale/lease of vehicles or parts alike.

Some automotive industry players have already begun to respond to this change in consumer interest. Porsche North America, Tesla Inc., Lynk & Co., and Rivian Automotive Llc are among the major companies that have initiated the direct sale of vehicles to the public through an online platform.

Similarly, dealers are also acknowledging the merits of e-commerce for automotive sales. For example, the Las Vegas-based Findlay Automotive Group has established an entirely digital car purchase program designed specifically for customers who prefer to shop from the comfort of their own homes rather than make a visit to the dealership. (Source: www.digitalcommerce360.com)

Traditional retail, fully-online, or omnichannel – the basic business-channel conundrum are automotive aftermarket players facing

Despite the massive digital influence of technologies such as e-commerce on automotive buying behavior, there is still a major chunk of the customer population that prefers the human element and tangibility of an in-person experience, when it comes to the actual transaction. In light of these trends, several modern online-only automotive aftermarket retailers are working towards striking up alliances with physical suppliers, service providers, and manufacturers, to deliver an omnichannel experience, otherwise known as bricks & clicks business model.

In essence, a bricks & clicks model involves the operation of a retail company via an online or digital store (clicks) as well as a physical establishment (bricks), thus combining both into a single retail strategy.

A notable example of this includes automotive part dealers delivering targeted content on their websites to ensure buyer engagement while directing them towards in-person retail centers to carry out activities such as purchase completion and test drives. Continental AG, for instance, has introduced a new e-commerce automotive aftermarket portal, which contains bundled information regarding the company’s entire product and service portfolio. The portal consists of a comprehensive digital catalog of various Continental brands and products, allowing customers to easily identify the correct part from the selected range. Furthermore, the platform also facilitates seamless integration between the customer and the right contact person for specific product and service groups. (Source: www.continental.com)

The COVID-19 impact and the road ahead

In the automotive sector, the ongoing coronavirus pandemic has triggered a tremendous, long-term disruption, creating an economic upheaval that is fundamentally different from anything observed during previous crises. Aside from the decline in GPDs, which is typical during economic downturns, the impact of this drop is considered to be two times worse than during the last recession, with a longer impact and extreme uncertainty over the upcoming years.

For example, nationwide lockdowns and physical distancing measures across the globe have marked a sharp decline in both customer foot traffic, as well as VMT (vehicle miles traveled). Also, with social distancing directives keeping populations largely housebound and the subsequently low vehicle density, collision rates have witnessed a massive decline. For instance, in Seattle alone, collisions have decreased by around 50% during the government-induced containment efforts, including travel restrictions. These conditions, alongside a potentially slow economic recovery trajectory, indicate that automotive aftermarket demand may not return to pre-pandemic levels for years.

That said, the rising affinity of customers towards online purchases may generate lucrative opportunities for novel e-commerce automotive aftermarket business models and service solutions. Several key businesses and consumers have already begun their transition towards e-commerce for aftermarket auto parts, a trend that is expected to persist in the foreseeable future.

Should automotive aftermarket players take strong long-term efforts now to enhance their business through e-commerce and adapt to the so-called “new normal”, the industry could likely make a stronger comeback from the crisis in the years ahead.

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Archives, Global Trade Daily, In The News

Coronavirus: Five Severe Hits to the Automotive Industry

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As the coronavirus pandemic is engulfing the world, it is adversely affecting the very structure of our society across the globe in a hitherto unprecedented way. The countries and international organizations around the world are trying hard to halt the progress of this pandemic. The people with infection need urgent medical care, and the people who do not have infection yet are isolating in their own homes.

The risk of infection is making it mandatory to stop all the activities of every industry and economic activity in our society to minimize the transmission of the virus. However, with no vaccine or cure in sight, it can be a long battle before normalcy is restorable.

 According to experts, more people are likely to stay at home in light of the COVID-19 pandemic, which will reduce the demand for cars. Automakers have yet to see the impact of the pandemic and the real impact may only come out in the coming months. Here are the five most severe impacts of the coronavirus on the car industry.

1. Lockdowns and Curfews

Several governments across the world are imposing lockdowns and curfews in the respective countries to try and limit the spread of the virus among the population. The mode of transmission of the coronavirus is from one person to another. Since the coronavirus is highly infectious, there is a need for people to keep their distance from each other.

The places that people tend to crowd are extremely susceptible to be hotspots of transmission of the disease to many other people. Hence the doctors around the world are advising the population to follow the norms of social distancing. Cleaning your hands regularly with sanitizers or soaps to prevent the transmission of the virus is a crucial prevention method.

People do not want to go out shopping and in the U.S., the places with the maximum reports of coronavirus are already witnessing a drop in demand. Since the lockdowns are affecting the general way of life of people and there is no need for people to purchase a car in these times, it is leading to a natural decline in demand for cars and bikes such as the Yamaha wr250r.

2. Economic Slowdown

The countries across the world are facing a crisis, and the panic is causing an economic slowdown across the world. The slowdown is also causing the stock markets around the world to take a hit. Economic slowdowns always adversely affect the car industry as people tend to find a decrease in wealth for making such purchases. Even if the world recovers from the coronavirus pandemic, the economic impact is bound to cause ripples for months to come.

Although the long term effects of the pandemic are still unclear, car manufacturers are expecting only a delay in the purchases against people refraining from making the purchase. The reason for this expectation is that the people buy cars only due to their need for a car and not on a whim and hence can not postpone their purchase indefinitely.

3. Closing Down of Factories

In order to stop the spread of the virus and curb the transmission, the various countries are shutting down the factories operating in their state. Since there is a need for workers to be present and working in factories for ensuring smooth and continuous production of cars, manufacturing is not going on. China is a major hub of car manufacturing, and as the disease originates from the country, many plants are shut down.

Many workers come in close contact in manufacturing plants, and hence they can act as hubs of disease transmission. Only the essential services are operational for limiting close human interaction and slowing down transmission. This is slowing down the manufacturing of cars around the world.

4. Need for Medical Equipment

Due to the sudden onslaught of the coronavirus pandemic, there is a sudden surge in demand for emergency medical equipment and protective gear. Many factories are also now producing face masks and ventilators as they are in acute shortage and are currently in high demand. Since the repurposing of factories is taking place, car manufacturing is coming to a standstill.

The manufacturers are not able to use their production line for the manufacture of cars. Hence, they can easily repurpose their plants to make the medical necessities by making slight modifications to the production line. They will need an expert to monitor and guide the production as the ventilators are complex machines. Manufacturers are working closely with government officials and health authorities for the production of ventilators.

5. Slow Down of International Trade

Due to the effect of globalization, every industry sources their raw materials and individual parts in different countries throughout the world for keeping the manufacturing cost low. Since some countries are stopping the production of materials due to the coronavirus, manufacturing plants all over the world are facing acute shortages.

The manufacturing plants of cars in other countries are also facing a shortage of parts and raw materials due to international trade restrictions in light of the current situation. This leads to the slow down or temporary stopping of the manufacturing process of cars around the world.

Conclusion

The virus is already present in every inhabitable continent throughout the world and almost every country is seeing a rapid spread of the disease amongst its population. As so, every country is imposing restrictions on the people venturing outside their homes for work and other needs to limit the spread of the pandemic.

The automobile industry is responding to the calls from the government to aid in manufacturing the face masks and ventilators in these trying times. The global economy is suffering and approaching a standstill due to the coronavirus pandemic and the automobile industry is also undergoing a crisis. As a responsible citizen, you must adhere to the regulations for curbing the spread of the disease and get back to normalcy in the fastest possible time.

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Reference Links –

https://www.benzinga.com/news/20/03/15525971/coronavirus-another-severe-hit-to-the-automotive-industry

https://finance.yahoo.com/news/coronavirus-another-severe-hit-automotive-135056364.html

https://economictimes.indiatimes.com/industry/auto/auto-news/auto-industry-stares-at-2-bn-loss-as-factories-and-dealers-shut-shop-to-stem-covid-19-contagion/articleshow/74782274.cms?from=mdr

https://www.sme.org/technologies/articles/2020/march/coronavirus-impact-on-auto-industry-may-accelerate/

https://www.acea.be/press-releases/article/coronavirus-eu-auto-industry-faces-unprecedented-crisis

https://www.bbc.com/news/business-51956880

https://www.autocarindia.com/industry/how-coronavirus-has-hit-the-global-auto-industry-a-timeline-416615

https://www.just-auto.com/news/updated-daily-automotive-coronavirus-briefing-free-to-read_id194210.aspx

https://www.wsj.com/articles/coronavirus-threatens-auto-industrys-record-run-of-robust-sales-11584532801

High Authority Links –

https://www.theglobeandmail.com/drive/mobility/article-how-will-coronavirus-affect-the-auto-industry-in-the-coming-months/

https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/auto-industry-still-awaits-full-force-of-coronavirus-outbreak-57494206