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Autotech is a disruptive technology that has changed the automotive sector. For over two decades, major progress has been made in fuel economy, ride quality and safety. And it is expected that within a couple of years, a standard passenger car will be able to drive with a great level of autonomy. Nowadays, the automotive industry isn’t just about new vehicles anymore.
More and more startups are appearing around servicing the new economy around connected vehicles and the anticipation around autonomous vehicles. Many companies are rethinking cars and trucks, less as modes of transportation and more as mobile services and platforms. Therefore, I decided to write down top AutoTech trends & facts in 2019 as well as booming AutoTech startups.
Top AutoTech trends to keep an eye on in 2020
Automakers view electrification as critical to the future of the automotive space and are accelerating efforts to electrify their fleets.
Despite a substantial market opportunity for autonomous vehicles, the timeline for full autonomy is still unclear. Electrification has become top-of-mind for automakers in recent years, dominating the conversation, however, automakers are still working towards full autonomy to guarantee safety and comfort, and the market is projected to reach approximately $80B by 2025.
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