Today’s economies are dramatically changing, triggered by development in emerging markets, the accelerated rise of new technologies, sustainability policies, and changing consumer preferences around ownership. Digitization, increasing automation, and new business models have revolutionized other industries, and automotive will be no exception. These forces are giving rise to four disruptive technology-driven trends in the automotive sector: diverse mobility, autonomous driving, electrification, and connectivity.
Overall, global car sales will continue to grow, but the annual growth rate is expected to drop from 3.6 percent over the last five years to around 2 percent by 2030. This drop will be largely driven by macroeconomic factors and the rise of new mobility services such as car sharing and e-hailing.
A detailed analysis suggests that dense areas with a large, established vehicle base are fertile ground for these new mobility services, and many cities and suburbs in Europe and North America fit this profile. New mobility services may result in a decline in private-vehicle sales, but this decline is likely to be offset by increased sales of shared vehicles that need to be replaced more often due to higher utilization and related wear and tear.
This special edition of Automotive focuses on some of the most outstanding and innovative solutions and service providers. To help our readers deep dive into Automotive solution providers we have also included insights from an array of industry experts and veterans. We hope this edition adds value to your Automotive initiatives.
Changing consumer preferences, tightening regulations, and technological breakthroughs add up to a fundamental shift in individual mobility behavior. Individuals increasingly use multiple modes of transportation to complete their journey; goods and services are delivered to rather than fetched by consumers. As a result, the traditional business model of car sales will be complemented by a range of diverse, on-demand mobility solutions, especially in dense urban environments that proactively discourage private-car use.
Consumers today use their cars as all-purpose vehicles, whether they are commuting alone to work or taking the whole family to the beach. In the future, they may want the flexibility to choose the best solution for a specific purpose, on-demand and via their smartphones. In 2030, the share of electrified vehicles could range from 10 percent to 50 percent of new-vehicle sales. Adoption rates will be highest in developed cities with strict emission regulations and consumer incentives (tax breaks, special parking, and driving privileges, discounted electricity pricing, et cetera). Sales penetration will be slower in small towns and rural areas with lower levels of charging infrastructure and a higher dependency on driving ranges.
To make this process more streamlined, our team of researchers, analysts, and Editorial team has shortlisted a set of companies that stand out from the crowd. The companies included in the list offer some of the most innovative as well as exclusive solutions that could create an impact in the Automotive sector.
Management: Ravi VigDesignation: President & CEOHeadquarters: Manchester, NHWebsite: allegromicro.com
Founded in 1990, and currently headquartered in Manchester, Allegro Microsystems is a seasoned provider of semiconductor technology solutions. The company’s history of developing intelligent solutions that are designed to be sustainable over the long term puts them alongside the better chunk of organizations that hail from the niche. Allegro also provides power and sensing solutions for motion-control systems. The company is actively operating across 13 countries to cater to the needs of a massive clientele.
Management: Andrey GolubinskiyDesignation: CEOHeadquarters: Munich, BavariaWebsite: apostera.com
Management: Peter SchroerDesignation: CEO & FounderHeadquarters: Andover, MAWebsite: aras.com
Aras offers a perfect hub of applications to enhance the level of industries. Being the only organization to offer open and low-code technology, Aras remains a popular name in the tech sphere. Aras’ platform is tailored to facilitate the delivery of flexible and upgradeable solutions for the purpose of engineering, manufacturing, and maintenance of complex products. The company is currently serving over 350 international and also boasts a user base of 250,000 users
Management: Martin PiirmaaDesignation: Co-FounderHeadquarters: EstoniaWebsite: autobahn.tech
Founded in 2012, Autobahn is the first-ever VSP (Vehicles Sales Platform) that connects all the automotive stakeholders with the vehicle buyers. Autobahn’s platform is equipped to handle the entire vehicle lifecycle seamlessly. Irrespective of whether it is ordered, offers, deliveries, handover, or any other sales activity, autobahn has it covered for you. Autobahn’s services are solicited by the best in the business. Their esteemed clientele includes names like Volkswagen AG, Mercedes-Benz, Mitsubishi, and Honda, to name a few.
Management: Alexi VenneriDesignation: Co Founder & CEOHeadquarters: Scottsdale, AZWebsite: digitalairstrike.com
Headquartered in Scottsdale, Arizona, Digital Air Strike is helping small business in growing by creating a strong online engagement platform for them. The company creates custom ad campaigns that target a bigger share of the audience, thus expanding your and your product’s reach. Digital Air Strike’s prodigious tools like patented lead response and A.I. power intelligent messaging have them an award-winning organization. To this date, the company has provided measurable ROI to over 5000 businesses worldwide
Management: Scott TobinDesignation: CEOHeadquarters: Seattle, WAWebsite: envorso.com
Primarily operating from Detroit, Michigan, ENVORSO is a business and technology solutions provider that has become the perfect example of a well-run company in just four years of its existence. Mainly dealing in the financial and automotive sectors, the company has witnessed meritorious growth with the help of its shrewdly designed solutions. The sustainability and cost-effectiveness of ENVORSO’s products make them an extremely exciting prospect for the future.
Management: Mario SchraepenDesignation: CEOHeadquarters: BelgiumWebsite: linkedcar.be
Headquartered in Hasselt, Limburg, LinkedCar is basically a start-up that is working to create a novel and customer-centric mobility platform for the automotive industry. The company is doing so by using robust Salesforce technology as a foundation. LinkedCar emphasizes on enhancing customer experience by encouraging interactional framework within the system, thus putting them in a better position to understand the customer on a more personal level.
Management: Mike BettsDesignation: Digital Transformation AdvisorHeadquarters: Cambridge, MAWebsite: pega.com
Since its inception in 1983, Pegasystems has gone through many transitioning periods, and the company is now an integral part of the software and automotive industry’s leadership fabric. The company largely focuses on simplifying the standard procedures. Regardless of whether it is increasing customer lifetime value or streamlining services to bolster efficiency, Pegasystems helps you in maneuvering through a competitive business environment straightforwardly.
Management: Christopher A HowardDesignation: CEOHeadquarters: Houston, TXWebsite: softeq.com
Following getting off the ground in 1997, Softeq has gone on to prove itself as a trusted provider of preliminary innovation ideation and technology development solutions to enterprises, as well as innovative start-ups. The company’s setup is devised to be inclusive, thus staying compatible with a variety of frameworks such as artificial intelligence, the internet of things, industrial automation, blockchain, and many more
Management: KK ChiuDesignation: CEOHeadquarters: Hong KongWebsite: zeek.one
Founded in 2017, Zeek is a data-driven intelligent logistics technology platform. They provide crowdsourcing delivery, Software-as-a-Service (SaaS) business solutions, and last-mile delivery for international food and beverage brands, fast-moving consumer goods, lifestyle services and e-commerce platforms. Started off in Hong Kong by Kin Shun Information Technology Limited with a team of experts from the logistics, Internet and F&B industries, Zeek has grown to be one of the leading logistics players in Southeast Asia and has expanded its business presence in Singapore, Malaysia, Thailand and Vietnam
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