Global automotive industry statisticsThe major independent and exclusively automotive focused international forecasting and industry intelligence service provider of automotive sales, production, powertrain and electrification. One particular of the quite a few key trends in the automotive sector is the improvement of networked and smart vehicles. From 2016 to 2020, the international connected vehicle industry with develop at an annual rate of 32.26% according to Technavio. According to Machina, connected solutions to and from cars will reach a worth of $400 billion by 2022. Automotive organizations must invest in network technologies and create partnerships with telecommunications companies in order to exploit this trend.

Across industries, innovation is largely measured by the amount of R&D resources allocated to drive innovative merchandise and attributes. Given the future roadmap of automotive innovation, which largely overlaps with the tech market, it need to be of no surprise that R&D figures correlate with this trend. The automotive landscape is rapidly changing every convergence of a variety of technologies and industries with the automotive space is generating several possibilities in the marketplace.

This section presents literature that examines 3 major automotive markets in North America, Europe and East Asia. This material is intended to supply a thorough examination of business trends, structure, and the effects of worldwide industry dynamics of the automotive industry inside every region, as nicely as their interrelationships, followed by literature researching the East Asian automotive market.

The Global Automotive Outlook Will Stay Steady According To Moody’sglobal automotive industry statistics 2018

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