Posted Friday, Mar 24, 2023
Technology will shape the future of automobile businesses across the globe. Besides AI and big data analytics, technologies like the Internet of Things and blockchain have also found their way into the global automotive scene.
Here’s what you need to know about the current automobile landscape and the first latest motor trends to watch out for in 2023.
AI technologies like deep learning, machine learning, and computer vision are crucial in robotic automation within the automotive sector.
These technologies combine to guide fleets, manage self-driven cars, and improve vehicle inspection practices. Moreover, AI plays an important role in vehicle manufacturing by increasing production and minimizing costs.
A US-based startup, APEX AI, allows automobile companies to implement complex AI solutions. Their operating system uses automotive electronic control units to provide robust and secure APIs for creating trustworthy mobility solutions.
Besides its operating system, the startup also offers a service called APEX-Autonomy that provides modules to build localization and 3D perception for autonomous vehicles.
Another service by APEX AI is MARV-Automotive, a data management platform that transfers data directly from the car to the cloud.
Data gathered from vehicles is beneficial for several reasons. It provides predictive maintenance, keeps fleet managers informed, and involves concerned authorities if an accident occurs.
Furthermore, this data improves supply chains, drives sales, and enhances product design for new car models.
Several startups have jumped onto the scene, and one of them is the US-based Popcorn Analytics.
The startup uses data to enhance the financial side of the automotive industry. It captures real-time data and shares it with industry leaders for them to minimize risk. It also allows buy-here-pay-here dealerships to lend more freely to risky customers. Moreover, it offers services for fleet managers, asset tracking, and connected cars.
Another Swiss startup called Unit8 has also started using big data to provide services to different industries. However, the automotive sector uses its numbers to improve its marketing strategies, thus earning better revenue.
The data gathered by Unit8 helps automotive companies get a better insight into the product build, price, and after-sale services.
The Internet of things helps vehicles communicate with other vehicles and infrastructure components.
This technology improves road safety, eliminates traffic congestion, and reduces air pollution and energy expenditures. It also results in better fleet management.
Startups use this technology to create products that help vehicles understand their surroundings better.
EcoG is one such startup operating in Germany and the US. Currently, the startup offers an IoT-based operating system and a charging platform for electric vehicles.
It also provides services to EV manufacturers, helping them create simple and scalable charging systems. Their services are also assisting companies in making charging more profitable.
Moreover, their services work with any electric vehicle charger and are transmissible throughout the network.
The Canadian startup Konnectshift provides IoT services to simplify asset and fleet management.
One of their notable products is the Konnect_GSO1, an electronic logging device that helps companies track vehicular health.
This system provides route planning and optimization for advanced analytics and real-time dispatch to enable fuel, driving, and predictive maintenance alerts, thus reducing downtime and maintaining driver management applications.
Blockchain offers various services in the automotive industry, like sharing vehicle data on secure networks for shared mobility solutions like urban transportation, ride-hailing, and deliveries.
It also helps companies improve their supply chain by ensuring that raw materials and parts are sourced only from the most trusted sources.
Cube Intelligence is a British startup offering blockchain-based security systems for self-driven vehicles. This service uses hash codes to keep autonomous and connected cars free from malicious attacks.
It also offers valet parking and ride-hailing services for autonomous vehicles and a smart parking management system.
DAV is a new startup from Israel that offers a decentralized self-driven vehicle platform based on blockchain technology. The system allows AVs to locate other AVs, clients, and service providers in their surroundings.
This vehicle-to-vehicle communication system uses blockchain technology with smart contracts or DAV’s off-blockchain protocols.
The startup also designs systems for drone-charging networks, open mobility, and drone flight planning.
3D printing is helping the automotive industry in three ways:
A popular Swiss startup in this regard is 9T Labs. It uses additive manufacturing for the production of carbon composites that are used in the automotive industry.
One of their products is Fibrify, which helps in the mass production of carbon fiber products using additive fusion technology.
The Italian startup Moi is combining 3D printing and thermosetting of composite materials to manufacture high-quality parts for the automotive industry. By using digital fabrication, robotic intelligence, and continuous carbon manufacturing, it provides a scalable solution for producing frames, panels, and interior components.
These were just some of the many amazing trends within the global automotive scene. With interesting new developments occurring every minute, this is the perfect time for car lovers.
The circumstances also allow tech enthusiasts to use these technologies and implement their ideas.
However, despite new technologies pouring in from each side, car sales and purchases are still as tricky as ever. Finding the right car dealer is still the number one priority for buyers, and it will always be this way.
If you plan on buying a car soon, you have come to just the place. At Marciano Auto Group Inc., we help our buyers make intelligent buying decisions while ensuring utmost transparency. To benefit from our services, visit our website today.