For the five years prior to the recession, average age rose only 4%. The vans deliver groceries from nearby stores and send out a push notification when the order arrives. read. Our Innovation Analysts conducted exhaustive data-driven research to identify the various innovation trends and technologies emerging in automotive. Depending on your specific needs, your top picks might look entirely different. Swiss startup Unit8 uses big data and analytics to offer digital solutions for various industries. It also allows operators to integrate services and microservices in the chargers to make the charging process profitable. Heterogeneous Society As Customer: Post Covid, social polarization along age, gender, income, and even political lines is set to intensify. A glimmer of hope will come in the form of growth in private leases. For this analysis, we used a data-driven startup scouting approach to identify the most relevant solutions globally. Another consequence of lower commuting miles will be felt in lower aftermarket sales. Learn about the auto parts industry and how it is evolving to more online sales and away from brick & mortar. Another example relates to the need for dedicated platform and vehicle architecture to manufacture EVs. Our Innovation Analysts conducted an exhaustive analysis of 4.859 solutions and present the top 10 Automotive Industry Trends & Innovations in 2020 & beyond. In the age of big data, advanced data analytics informs various decisions throughout the lifecycle of a vehicle. Some leading manufacturers already use this technology to produce separate parts for cars. The startup uses enterprise-grade encryption in order to provide users control over their data to enhance security and privacy measures. Covid might have thrown the automotive industry (not to mention, our annual forecasts) off track. The startup’s technology utilizes hash codes to block malicious attacks or hacking attempts on autonomous cars and connected cars. Thereâs also the eternal development vs deployment debate. Accordingly, commuting miles will decrease and the role of the car, which used to be primarily for work commutes, will shift to being used for the weekends, evening trips and shorter drives. The digitalization and advancements in technology is expected to increase the automotive industry investments to $82 billion in 2020. Growth In Share Of Wallet Across Product Lifecycle: Car companies now focus not just on selling hardware, i.e., the metal, but equally on generating continuous revenues across the lifecycle of the vehicle. Another way to reduce the number of cars on the road involves promoting and creating shared mobility solutions that include first and last-mile connectivity along with urban mass transit. The Innovation Map below visualizes the major trends that impact the automotive sector and showcases two hand-picked startups for each. For greater adoption, EVs need to address issues such as high price, poor battery, inadequate charging infrastructure, fleet electrification, as well as powering renewable energy-based charging grids. With connected vehicles, new business models have come up that focus on shared mobility as an alternative to traditional vehicle ownership. 3D printing helps the automotive industry in three primary ways. Connectivity. Taking a closer look at these companies and understanding their technologies and vision to form strategic partnerships with them gives todayâs industry leaders the edge they need to stay on top tomorrow. Even China saw its first-ever decrease in new-vehicle sales. Get in touch for a head-start on startups, scaleups & disruptive technologies to discover what will impact your business in the future! Drivers benefit from Voicera ID, a voice-based virtual assistant that helps them keep track of the information they need. The platform LM Mission ControlTM offers free-floating or station-based car sharing, advanced shuttle services, shared dockless scooters, keyless rental programs, and peer-to-peer shared mobility. Continuing Growth of Electrification. Here are Scott’s predictions for automotive industry trends 2020: Additionally, Cube Intelligence offers ride-hailing and valet parking services for AVs, as well as smart parking management systems. Future Of Work: In the workplace, we will see a transition from working in office to working from your castle, i.e., home. This includes our forecast for online sales of auto parts. Storyblok, XTREME-D, TrueNode Tech, DPLYR, and HyperQube develop 5 top solutions you should watch out for. The startup’s vans have a payload capacity of approx. Nowadays, vehicles come with a tamper-proof digital identity that differentiates them from other vehicles in the network.