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Automakers are investing massively to modernize, with $100 billion invested worldwide last year. This figure is set to rise to $238 billion a year by the end of the decade.
As vehicles become more connected and autonomous, the transformation of the automotive industry is accelerating.
At the same time, the rising cost of car ownership and the rising cost of living play an important role in the decision not to buy a car. Motorists are also increasingly concerned about the environment, paving the way for car sharing, car pooling and subscription schemes.
It is therefore likely that cars will only be used when needed, with the practical consequence of requiring a synchronized ecosystem, based more on subscription and applications.
Although the autonomous car may seem to have been consigned to the shelf of myths, the fact remains that in many situations the vehicle has to drive itself, requiring millions of cumulative hours of simulation and validation of autonomous driving algorithms.
As for AI, it's about to transform the way automakers develop cars. From design to use, these tools can simulate numerous situations and integrate them into the future model.
In the longer term, this will change the way carmakers work, with wider reuse of software components between models and makes of vehicle.
The car could well become a service to be used as and when required. This evolution will have a positive impact on the environment, on society as a whole and on forward-thinking companies in the automotive sector.
Source La Tribune Auto
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