The Automotive and Transportation sector is witnessing a major shift to the ‘Go Green’ revolution of design in the industry. Disruptive technology, the cost of such technology, market capacity, product positioning are all key factors, however, sustainability is and will be paramount for this industry on account of environmental factors. The development of hybrid and electric cars is forecast to affect the automotive industry in a major way as is advancements in safety, infotainment, luxury, automated functions and fuel efficiency. The emergence of electric vehicle technology is pushing carmakers to invest heavily in the electric vehicle segment. For instance, Ford Motor Co. has initiated its plans to double its spending in the electric and battery-powered vehicle market sector to approximately USD 90 million. Similar investment moves are being planned by Volkswagen. This will accelerate the industry’s transition from fossil fuels and shift power to battery and electric vehicle technology suppliers. Automated repair and maintenance of vehicles will also enjoy its fair share of growth in the coming years.

Whilst smart electronics is expected to be at the heart of automotive engineering, semiconductors will play a vital role in the field of energy electronics. The increase in demand of green transportation services globally to reduce rising carbon emissions is also expected. According to recent data, global concentration of greenhouse gases for the period 2015 to 2019 has increased 20 percent compared to the previous five years. The only way to combat this is to encourage research and development in engine technology.  

Global Market Studies’ Automobile Industry Research reports offer in-depth research on vital business considerations such as market sizes, revenue forecasts, value chain, product trends and positioning, price points, industry regulations, competitive landscape, and the behavior of key players. Our research provides key insights, trends, and developments on the strategies that are likely to be adopted by industry players in the coming years to prepare for short-to-medium-to-long term future. Our reports include coverage of the key subsectors of automotive systems, components and materials, automotive electronics and electrical equipment, driving support and security, engine and exhaust systems, highway and non-highway vehicles and advanced technologies. The reports will be analyzed for various regions such as North America, Europe, Asia-Pacific, and rest of the world. This research will provide key insights, trends, and developments on what strategies are expected by industry players in the coming years and what they can tend to expect for the future.

To know more about our reports in the Automotive and Transportation Market analysis sector, contact us at Global Market Studies.