The latest trends and the future of automotive survey findings include the following: Consumers are more likely to repair rather than replace their cars, and in-car advertising is less intrusive. In addition, the world is moving away from fossil fuels, and the automotive industry is working to keep up with changing needs and preferences. In addition, shared mobility solutions and 3D printing are being developed to reduce the number of cars on the road. All of these trends will continue to influence how companies will market to consumers in the future.
Consumers are more likely to repair than replace
Recent research has revealed that consumers are more likely to repair than replace their vehicles. A survey by IMR Insight found that 7.9% of consumers delayed routine maintenance, mainly for older and used vehicles. Millennials and people who own used cars are more likely to put off routine maintenance. However, compared to older consumers, consumers with service contracts are more likely to repair a car instead of replacing it.
3D printing
Automakers are experimenting with advanced technologies to reduce costs and mass-produce new cars. While the market for 3D printing is growing worldwide, it is dominated by North America and Europe, where automakers contribute large amounts of money for R&D. In Europe, 3D printing in the automotive industry is leading the way, with the majority of R&D spending attributed to the German automotive industry. Major automakers in Germany include Volkswagen and BMW.
The growth of 3D printing in the automotive sector is driven by the increasing need to produce lightweight vehicles. In the past, the manufacturing process involved the manufacturing of unique parts. However, advances in 3D printing have opened the door to customization and sped up the design iteration process. While these factors drive 3D printing adoption in the automotive industry, other factors limit its growth. Here’s what you need to know about 3D printing in the automotive sector.
IoT
With the advent of IoT in the automotive survey, you can be sure that more automotive companies are beginning to use connected cars. These cars communicate with each other and can be used to diagnose problems before they cause costly disruptions. Manufacturers can improve engineering, production, and quality control and the drivers’ experience by gathering information about how they use certain features and functions. You can even get a notification when a part is due for a repair, so you know exactly when to schedule maintenance.
The rise in per capita income is also helping the automotive industry implement more automated and infotainment systems. As the world becomes increasingly digitalized, people expect to enjoy these services and amenities in their vehicles. IoT in automotive surveys is expected to accelerate the growth of this industry. The research reports the market for connected cars by connectivity form factor, application, and geography. It also includes a forecast of future growth. The IoT in the automotive surveys will help companies make informed decisions about the technologies that are best suited for their customers.
Air mobility
This emerging industry is rapidly advancing, with various new use cases, including flying taxis, cargo drones, and passenger-carrying aircraft. In recent months, funding for the air mobility industry has soared, reaching over $8 billion as of March 2020. Although most investment has focused on people transport, cargo-delivery drones may soon see a spike in funding.
The growing popularity of autonomous vehicles, such as flying cars, has sparked a new market for flying vehicles. While flying cars have not been around for long, they are a viable solution to some of today’s biggest problems. According to one report, a $2.9 trillion market will be developed by 2028, and there is no clear indication of when the technology will be available. In the meantime, air mobility could create many new business opportunities for companies, and the era of autonomous vehicles could be just around the corner.
