Forecasting the automobile industry and future development trends

Posting date: 15-07-2024

Technology is increasingly developing and there are many innovations, the automotive technology industry has also undergone many significant changes. In this article. Ficar will share information about the expected automotive technology trends in 2024, giving you an overview of this transformation journey.

Expected automotive technology trends in 2024 (Image source: Internet)

1. Automotive technology trends in 2024

In 2024, the automotive technology industry will have breakthrough development trends such as the rise of electric vehicles (EV), sustainability in automobile production, connected vehicles and threats network security...

1.1 The rise of electric vehicles (EV)

In 2024, major auto manufacturers will focus on investing heavily in developing and integrating advanced technology into electric vehicles, making this type of vehicle affordable and accessible. with many different subjects. Improvements in battery technology promise to extend the range of electric cars, making them an affordable choice for everyday use. 

The 2023 Global EV Outlook report from the International Energy Agency notes a significant increase in sales, with more than 2.3 million electric vehicles sold in the first quarter of 2023, an increase 25% over the same period in 2022. This positive trend is expected to continue and grow strongly in 2024.

Governments globally are promoting the use of electric vehicles through incentives and imposing stricter emissions standards. The EU has issued new CO2 standards and the US has passed the Inflation Reduction Act (IRA) combined with California's Advanced Clean Vehicle Regulation II, which is expected to bring electric vehicle market share up to 50% by 2019. 2030.

Electric vehicles have strong development (Image source: Internet)

1.2 Sustainability in automobile manufacturing 

With an increasing focus on environmentally friendly activities, the automotive technology industry is gradually shifting towards a more sustainable future. In 2024, we can expect further increased efforts to reduce carbon emissions in car manufacturing.

From using recycled materials to adopting environmentally friendly manufacturing processes, automakers are actively adapting operations to align with their commitment to sustainability. This is not only an important step to reduce negative impacts on the environment, but also meets the increasing market demand for "green" automotive products and services.

1.3 Connecting media and cybersecurity risks 

Incorporating technology into cars, in addition to engine integration and safety features, also opens up a new world of connected cars, using advanced infotainment systems, V2X communication and seamless connectivity. According to a 2022 Statista report, it is expected that the number of connected vehicles in the United States will reach 150 million by 2025, up from the current 84 million. Although driving a connected car brings many benefits such as the ability to drive autonomously, reduce accidents and have more software integrated into the car, there are also concerns about cybersecurity.

Connected car systems are developing but there are still problems with network security risks (Image source: Internet)

Dangerous car cyber attacks can occur such as phishing campaigns, taking control of entertainment systems... As cyber security risks in the automotive industry increase, collaboration in the field of cyber security becomes important. It can be expected that the auto industry will increasingly develop strong cybersecurity measures to deal with intrusions and data breaches. Measures such as advanced encryption, cloud-based safety systems, and real-time monitoring can be integrated into vehicles to protect software and ensure the safety of users' personal data.

1.4 Automated Driving

Automated driving technology is expected to make important advances next year. Although autonomous driving is not yet widespread, advanced driving assistance systems (ADAS) will become standard on new car models. It is likely that more level 3 and level 4 automated vehicles will appear, with human intervention when driving being minimized or even unnecessary under certain conditions. These improvements promise to increase safety and reduce the risk of accidents on the road.

If you want to venture into this field filled with promise and new opportunities, consider starting your career with the Automotive programming course at Ficar

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