How Technology Will Transform the Automotive Industry This Year

Automotive industry The automotive industry is undergoing a dramatic technological revolution, with significant changes in the way cars are produced, consumed, and experienced. Here are some of the key technologies that the automotive industry will adopt in 2024, helping the industry to “change its skin.”

Smart connection

Today, connectivity extends beyond phones and home devices to vehicles. According to Statista, the number of connected vehicles in the US is expected to reach 2025 million by 150, up from 84 million today. This allows drivers and passengers to access information, entertainment, and other services right in the car.

• In-car WiFi: In-car WiFi will become standard, making it easy for passengers to access the internet and use entertainment apps.
• Advanced entertainment systems: Systems like Apple CarPlay and Android Auto will continue to improve, allowing for seamless synchronization of information between your phone and your car.

Self-driving cars

Self-driving car technology is evolving rapidly with the goal of achieving full autonomy (level 5).

• Pioneers: Tesla, Waymo, and Cruise are leading the way in this area. Tesla has announced plans to deploy fully autonomous robot taxis by 2027 that are 10-20 times safer than human-driven cars.
• Current reality: By 2024, we can expect the emergence of level 3 self-driving cars, which allow cars to operate autonomously in many specific traffic conditions.

Improved user experience

The automotive industry is focusing on improving the user experience through new technologies.

• Voice control systems: Voice control systems are becoming more and more versatile, allowing users to easily interact with vehicle functions without taking their hands off the wheel.
• Personalize the experience: Artificial intelligence (AI) will help customize settings such as seats, mirrors and audio to each driver's preferences.

Product life cycles are getting shorter and shorter.

Pressure from new technology is causing the average life cycle of cars to shorten.

• Rapid change: While the current car life cycle typically lasts 5-8 years, it is predicted that in the future it may be reduced to 1-2 years due to the demand for new technology and modern features.
• Car leasing trend: The move to short-term car leasing instead of long-term purchasing could become a popular trend to meet the need for frequent vehicle replacement.

Remote update

Connected technology allows users to update software and new features without having to visit a service center.

Great Convenience: This not only saves time but also helps maintain optimal vehicle performance.

Predictions of warranty

Modern cars have the ability to collect big data and analyze it to predict when maintenance is needed.

High Accuracy: Predictive maintenance systems can achieve up to 90% accuracy, alerting users to potential problems before they occur.

Increase security

As cars become more intelligent, the issue of security becomes more urgent than ever.

Security risks: Many drivers are unaware that many parts of their vehicles can be hacked. Therefore, raising public awareness about connection security is important.

Improve the car buying experience

Augmented reality (AR) and virtual reality (VR) technologies are changing the way customers choose to buy cars.

Online Experience: Manufacturers like Toyota and Audi have adopted AR and VR to let customers explore models without having to visit the showroom. This has increased sales by 60-70% in showrooms testing this technology.

2024 promises to be a transformative year for the automotive industry, with technology advancing at an unprecedented pace. These innovations will not only enhance the driving experience, but also create a more sustainable future for the transportation industry. The combination of autonomous driving technology, intelligent connectivity, and improved user experience will reshape the way we move in the near future.

FAQ – Frequently Asked Questions

1. How does self-driving car technology work?

Self-driving car technology uses sensors, cameras, radar and artificial intelligence to collect data about the surrounding environment. The system is capable of analyzing the data in real time to control the car without human intervention.

2. What is the impact of new technology on the environment?

New car technology, especially electric vehicles, is helping to reduce greenhouse gas emissions. One study found that electric vehicles can reduce CO2 emissions by up to 70% over their lifetime compared to gasoline-powered vehicles.

3. What legal regulations affect self-driving cars?

Many countries have enacted regulations governing the testing and deployment of self-driving cars. For example, California requires companies to obtain permits before testing self-driving cars on public roads.

4. How much does it cost to apply new technology to cars?

Equipping connected and self-driving technology can cost between $5.000 and $10.000 per vehicle, but the benefits in fuel savings and maintenance can offset the cost in the long run.

5. What will the future trend of automotive technology be like?

It is predicted that within the next 10 years, about 50% of new cars will be equipped with level 3 or higher self-driving features, and the number of electric vehicles will account for about 30% of total global sales, promoting a revolution in the transportation industry. Read the article now: History of Vietnam's automobile industry most detailed summary.