Digital Transformation Impact on Global Automotive

Digital Transformation Impact on Global Automotive

The global automotive industry is being completely redefined, from what goes into an automobile to how raw material is mined for production. Every underlying tenet of the industry is changing as the world strives toward sustainability, consumer preferences evolve, and data grows in abundance and significance.

This comprehensive Frost & Sullivan study examines the cutting-edge digital technologies that shape and revolutionize the global automotive industry, including Big Data, data analytics, cloud, artificial intelligence, machine learning, robots, internet of things, and augmented/virtual reality. These Industry 4.0 technologies accelerating digital transformation are driven by ongoing Mega Trends, such as the move toward sustainable mobility, and have helped industry participants tackle disruptions from the pandemic and geopolitical challenges.

Frost & Sullivan anticipates several disruptive technologies to find permanence in the automotive value chain as the automobile increasingly becomes a ‘software on wheels’. A typical automotive original equipment manufacturer (OEM) may soon have to employ as many software engineers as there are automotive experts. These technologies also spur the convergence of automotive with cross-functional industries, like gaming, financial services, and insurance.

KEY ISSUES ADDRESSED

What is the relevance of digital technologies to the global automotive industry?
What are the different areas in the automotive value chain affected by digital transformations?
Which technologies drive specific transformations observed in the industry?
How can digitalization contribute to sustainable mobility?