Impact Of Technology On Automobile Industry
there are many impacts that have been made by technology on the automobile industry .automobiles have become more advanced since they were first created and automobile manufacturers are adapting to advanced Technologies which incorporates a lot of automobile factors like car design, car sales, and marketing and servicing. New technology is being used in the automobile that is now being designed and are adding more convenience and are allowing more improvement in the customer’s experience. Some of the impact of technology on the automobile industry is given as under.
Manufacturing Automobile Has Become Much More Easier
With the use of technology in the automotive industry, manufacturing automobiles has become much easier than you think. Now you are witnessing automobiles being made up by the robots and there are automated processes for the manufacturing of vehicles. This has drastically reduced the cost of production for the automobiles and at the same time, it has helped in the increase of the production volume which means now there is more output with the same given number of input. Through this factor, automakers are able to comply with the demand and achieve the satisfaction of the customer at the same time. The use of Technology is also spread to parts manufacturing which is resulting in easy access to the replacement parts of the automobile from the customers.
Self-Driven Vehicles Are Part Of Reality
What was now considered as a dream has now turned into a Furious reality. with the advancement of Technology, the self-driven vehicles are part of reality although they are still at the development and testing stage we are all set to witness these cars being used all over the world.
The whole of this phenomenon is going to result in more convenience and is going to make the transportation sector much more beneficial for the economy and also profitable. However, there are still some concerns associated with the self-driving Cars but as the technology will advance this concerns will be addressed thoroughly and it is it no surprise that technology changes the way we do things so it will have the same impact automobile industry and it will be one of the top beneficiaries.
Technological Factors Affecting Automobile Industry
Technology is changing the automotive industry more fatly than we can think of so many concerns of manufacturers like driver shortage, capacity crisis, price of fuel are encouraging them to adopt futuristic Technologies some of the technological factors affecting the automobile industry are given as under.
Self-Driven Vehicles
Self-driving vehicles also termed as self-driving Cars are expected to hit the roads in 2020. They are going to transform your life and there are some largest automotive industry makers who are competing with each other for the commercialization of this technology. There are endless benefits to self-driven vehicles like increase safety, fewer fuel emissions, and allotment of more time which allows people being transported to be more productive in their time.
Artificial Intelligence
Artificial intelligence is highly affecting self-driven vehicles and also impacting the overall automobile industry. Artificial intelligence is basically a class of computer science that is working for the creation of machines that can have interaction with humans and other unknown factors. Self-driving cars do not have the ability to react to speed limits and other conditions on the road. They will have to take consideration of things like pedestrians and weather conditions. there are more tests being done in areas that do not have Harsh weather or pedestrians. it is also being said that by 2040 the autonomous vehicle industry will rise to 3.6 trillion opportunities. the auto industry is now being considered as the gold mine for the opportunist and there is a big use of artificial intelligence and autonomous vehicles and artificial intelligence is a pad on a large amount of data.
Introduction Of Electric Vehicles
Another thing which is highly affecting the automobile industry is the introduction of electric vehicles the first electrical vehicle hit the road in 1990 in the state of Iowa. Although it's pretty obvious that the vehicle didn't have many features as fossil fuel vehicles as was not praised by the public. If I talk about two decades later, electrical vehicles are more common than ever before. There are hybrid models that have the capability of running on traditional fuel sources and electricity both. While some of them are totally reliant on the electricity these electric cars are being a source of the reduction of the carbon emissions and now there are more people who are environmentally conscious the fan base of electric cars is going to increase with each coming day
