Personal vehicles are continuing to evolve.

In addition, it seems that besides the numerous impacts that are happening to the Automotive Industry nowadays- the traditional concept of the vehicle is still kept.

Hence, the newest technological advancements that have been implemented in the Automotive industry have resulted in taking on more tasks from the driver. In addition, we can witness the option of autonomous control over the controlled sketches of the highways.

It gives us a clear picture that this evolution has made it all easier for car users. It is even predicted to continue even as the fully automotive models take place.

Moreover, by the implementation of the newest technological advancements, we can see that driver fatigue can be left far behind. Since the innovation in the form of a built-in fatigue system, we do not have to carry about accidents that do happen due to driver fatigue. The evolution of the automotive industry has made it all possible.

In addition, nowadays we can see that drivers have their demands of a drive prepared as soon as they sit in the vehicle.

Yet, the driver still remains to be aware of the surrounding and the overall driving process.

Further, in this article, you have the chance to read more details about the impacts that different innovations and changes have caused to the automotive industry!

So, let’s take a look!

1. How Technology Is Changing The Automotive Industry

Technology is rapidly changing. There is no second thought about it.

In fact, the automotive companies, as well as the manufacturers, have been significantly involved in building innovative features that have been requested from their customers.

Hence, they are continuously forging the external partnerships to expedite software and products that they can integrate into their product roadmap.

Yet, although we still have not hot flying cars, we must admit it that technology has had a great impact on the automotive industry.

More precisely, technology has significantly changed the automotive industry.

To start with, the newest car technology is advancing at a rapid pace.

Actually, the artificial intelligence is enabling cars with the power to think, learn, and see. It is how the newest cars are navigating in an infinite range of possible driving scenarios.

Luckily, the leading automakers like Mercedes-Benz, Audi, Toyota, VW, as well as Tesla have already started revolutionizing hon how people are driving.

Moreover, there are few well-developed trends that we can expect to see and experience in 2018.

Autonomous Features

So far, we have seen and heard a lot about fully self-driving cars. Such as is the car that has been developed by Tesla Motors.

Yet, there are far more other things that are and will be introduced into our cars. One of which is the autonomous features.

Thereupon, the autonomous features include technology improvements such as are:

• Active parking assistance- it allows the car to park itself while the car owner is still outside of the car;
• Advanced cruise control;

In addition to the previously mentioned technological discoveries from Tesla Motors, I must add up that Tesla’s autopilot system can break, accelerate, as well as steer by itself without the help of a driver.

In addition, all these autonomous features are possible thanks to the use of sensors and cameras that are guiding the car.

Smart Dashboards

Smart dashboards do come with a variety of features.

Starting from GPS features- such as finding maps, playing music, up to integrating with your smartphones and reading out your text messages and answering calls.

Simply said, smart dashboards are becoming one of the most popular additions for car manufacturers these days.

In addition, the companies that have played a significant role in these technological impacts for the automotive industry are the following:

• Apple’s Car Play;
• Google’s Android Auto;

These are the two biggest players that are providing innovative impacts on the automotive industry.

Also, smart dashboards are increasing safety by making all distractions for drivers disappear. It has been enabled additionally with voice controls and the large touch screens.

Gesture Control

On the other hand we have the gesture control which can also be categorized as a huge impact on the automotive industry.

Thereupon, with gesture control you will forget about fiddling about reaching for the volume control. Or even tapping the screen.

Moreover, the only move that you will have to do with the gesture control is to wave your hand in the air in order to turn on your radio. Or to control the Bluetooth system as well.

Hence, there are already few car models that do possess this technological impact.

In addition, there are more and more car manufacturers looking forward to developing gesture control.

Self-Driving Cars

Self-driving cars are the latest technological advancement or better-said discovery.

In general, self-driving cars are working by using remote sensing technology.

In details it goes like this:

• The laser range finder is allowing a generation and a detailed 3D map of the environment;
• The previous step is enabling the car to navigate itself;

Simply said, the technology is making it to reality.

Black Box Car Tracking

Black boxes in planes are something that we are well familiar with. But, black box car tracking?

It is something new that the newest technological advancements have made it possible.

Moreover, the black box car tracking do bring one real improvement. Which is the ability to pre-empt and diagnose any possible car breakdowns quicker than ever.

On the other hand, we can see that the black box technology do involve high costs.

So, the predictions say that in the next decade all cars will have to be equipped with black box car tracking. The reason behind this is the purpose of increasing the safety.

2. The Impact Of The New Mobility Services On The Automotive Industry

We were well familiar with the mobility services as a service or product providers that were allowing a constant traveling. All that with a pre-defined geographical region of course.

In addition, the new mobility solutions came into effect thanks to the emerging technological advancements.

So, the impact of the new mobility services on the automotive industry are allowing a way more flexible, convenient and efficient travelling to the user.

Hence, all new mobility services that are enabled out there have their own unique and underlying service characteristics.

Moreover, new mobility services have also brought the concept of shared-use mobility. Yet, it is not that popular so far. It is still on the rise.

The new mobility services have had a huge impact on the automotive industry. In addition, the new mobility services are providing even transportation as an on-demand service as well.

Yet, the new mobility services can be seen as well as a promoting choice in encountering multimodal connectivity and transportation mode.

3. How Regulatory Changes Impact On The Automotive Industry

Regulatory changes have posed a huge impact on the automotive industry.

When we are speaking about regulatory changes that do have an impact on the automotive industry- we are speaking both about the regional and domestic value content.

Generally speaking, by taking a look on how regulatory changes will impact on the automotive industry we can see that its future will be rocky for all auto companies.

Yet, let’s get to the point.

The global auto industry, not only the US auto industry is way more challenged by the regulatory system that many people can realize it. Straight proportionally it does affect the car production process too.

In general, the regulatory changes and the government regulations, both have a direct effect on the overall car production process. They can even affect how the cars look and work.

The prime and foremost regulatory changes that the automotive industry is faced with are the safety features. The safety features, therefore, should be included in the overall performance of the vehicles.

So, on the real side, we can see that the regulatory changes are generally increasing the production costs. In the same manner, the regulatory changes are as well placing limitations on how cars are sold as well as marketing.

The prime reason that stands behind the regulatory changes is the protection of the environment, as well as the benefits that the users will receive.

In addition to that, the lawmakers have also made fuel efficiency a way higher priority in the last decade.

It is the Corporate Average Fuel Economy that has set the nationalized standards for automotive fuel efficiency. Fuel efficiency goals are expected to reach up to 54.5 miles per gallon by 2025.

Simply said the regulatory changes have a huge impact on the automotive industry. But as well as to the environment and to users too. Especially to users- it has brought only positive impact.

4. Environmental regulations

To continue with the environmental regulations.

In spite of the environmental regulations and its impact on the automotive industry, we can see that it has brought a great impact on the automotive industry.

In reality, the automotive industry represents a major source of greenhouse gas emissions. Actually, it is producing around 15% of the CO2 emissions.

Generally speaking, the environmental regulations have set tight emission standards- especially in the large trading US regions.

In other words, it has made automotive developers- automakers to develop technologies that do comply with these new set regulations.

Additionally, environmental regulations are making a huge impact on the automotive industry. Simple as that.

Although the automotive industry is already implementing environmentally friendly solutions- still it turned that it’s not enough. There are far more aspects that should be taken into consideration.

Straight proportionally we have the emissions laws- as previously mentioned.

Speaking of which, we can see that emission laws can have a huge effect on the automakers’ bottom line too.

In addition, environmental regulations are set with the intention to reduce car’s emissions cost. It should be implemented on the mass-production.

Nonetheless, the U.S. Environmental Protection Agency‘s has developed a Motor Vehicle Compliance Program. Actually, EPA has given varying degrees of guidance on setting new and better emissions standards.

Hence, in the USA there are still automotive companies that are shipping their vehicles to foreign markets.

What these companies should pay attention to is to check the rules and regulations that are set to the particular region, and to do modifications. It is still in their best interest to follow the global standards.

Still, it can add up the further expense to automotive companies as well.

Yet, it is recommendable for all automotive companies to pay attention to these environmental regulations.

5. The Impact Of Globalization On The Automotive Industry

Globalization on the quality of life- QOL is quite a new term and not all people are well familiar with.

In reality, the globalization on the quality of life is actually a state of affairs in which a region can become interconnected with the rest of the world. So, straight proportionally it is making a significant impact on the automotive industry.

Additionally, the globalization has created the ability for people to purchase life-changing goods. Also, as time goes by, it is providing people with the flexibility of having many consumption alternatives at reasonable prices.

Hence, it is really important for the users to understand the implications of the globalization which is driving a huge change in the geography of the automotive industry in the United States.

Nonetheless, this implications of the globalization can also provide some research questions that do concern car manufacturers.

So, the actual impact of the globalization on the automotive industry can be seen as the diffusion of goods, capital, technology, services as well as people.

With the prominence and rise of the technology, the globalization is expected to spread due to the increased communication and trade.

That is to say the inflows can be seen in the form of goods, capital, technology, and workers- all of which can be accounted for using government statistics.

On the other hand we have the outflows of goods, technology, capital and workers are considered to be the ones that do exit the country.

Conclusion

The evolution of the newest technological advancement is inevitable. As we can notice it has contributed quite a lot in many different industries- including the automotive industry too.

In this article you had the chance to read about 5 aspects, that is to say how technology is affecting the automotive industry, the impact of the new mobility services on the automotive industry, the way regulatory changes do affect on the automotive industry, the environmental regulations, and the impact of the globalization on the automotive industry.

All these changes are pretty much positive for car users. We are all looking forward to seeing even more positive impacts going on in the automotive industry.