Disruption Abounds in Automotive

/Disruption Abounds in Automotive

Disruption Abounds in Automotive

 

 

 

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Disruption Abounds in Automotive

The automotive industry is facing radical disruption and will continue to do so in the years to come.

  • More than $100 billion invested in Automotive R&D globally every year1
  • Advanced driver-assistance systems technology could reach $35 billion in revenue by 20212
  • 98% of new vehicles in 2020 will have connectivity-enabled technology3
  • Cost per mile may be 40% cheaper when sharing an autonomous ride vs. driving one’s own automobile3
  • Adaptive speed control is expected to be in 80% of new vehicles by 20253
  • By 2030, electric vehicles may account for 35% of European vehicle sales4

How manufacturers and suppliers respond to this change will determine the leaders and the losers in coming years.

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It’s time to consolidate the number of tools your organization is using and bring transparency to information, processes and your global portfolio.

To get in touch with one of our enterprise innovation specialists, contact us.

For more on Accolade in the automotive space, visit our industry page.

 

Sources

¹How Automakers Are Driving Innovation, Alliance of Automobile Manufacturers, 2018
2McKinsey Center for Future Mobility, Autonomous Driving Overview, 2018
3Future of the Vehicle – Winners and losers: from cars and cameras to chips, BlackRock, April 2017
4Three Surprising Resource Implications from the Rise of Electric Vehicles, McKinsey Quarterly, May 2018

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2018-09-21T10:52:20+00:00June 18th, 2018|