As consumers adapt to the new normal, this research evaluates the current use of connected car applications, customer analysis bifurcation by vehicle segment type, the most interesting features and use-cases for the future, key influencers, and more.
How is this industry expected to recover in 2021 in terms of volumes and growth in different regions? What is the projected penetration of key powertrain technologies across different regions? What are the growth prospects that will benefit top OEMs?
Analyze the policies and roadmaps implemented by countries across the globe for the adoption of hydrogen to achieve carbon neutrality. Also, get highlights of the available incentives and funding for hydrogen application areas.
Due to the global pandemic, we are living in unprecedented times. This pandemic has proven to be the ultimate iconoclasm across industries. Everything is on the anvil, from business attire to face-to-face meetings to the need to have a permanent office. Sustainable energy is no different. When the pandemic set in and oil prices plummeted, the most common belief was that the investments in sustainable energy will slow down, the new wave of electrification in automotive will subside and we will turn the clock back on the climate agenda.
Prolonged lockdowns in several countries turned out to be an unprecedented social experiment. When the transport and industrial emissions stopped, urban air quality drastically improved in a matter of days. That underlined the harmful effects of the emissions.
1. Sales of electric vehicles (EV) continue unabated. In countries like Germany, EV penetration has exploded.
2. As per the International Energy Agency (IEA), electricity generation by renewable sources grew against the decline in other conventional energy sources.
3. Investments in renewable energy and new zero-carbon fuels like hydrogen increased multi-fold.
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After a fallow auto show calendar in 2020, IAA MOBILITY 2021 served to clearly reiterate that the automotive industry is experiencing technological disruptions of historic proportions. Indeed, I believe many veteran attendees of IAA auto shows would agree with me when I say that this year’s IAA was akin to attending a conference on energy transitions and software & computational technology.
Decarbonization imperatives are driving interest, investments, and incentives in the hydrogen ecosystem. Long touted as a clean, reliable, and consistent source of energy and a prerequisite for creating a zero-emission energy system, hydrogen fuel cells are emerging as a promising alternative to fossil fuels in commercial vehicles.
In January this year, Quebec-based LeddarTech, a pioneer in environmental sensing technologies for advanced driving assistance systems (ADAS) and autonomous driving (AD), entered into a long-term agreement with Germany-based OSRAM, a global leader in automotive lighting systems. LeddarTech will provide industry-leading LiDAR hardware and software components for OSRAM’s PERCEPT™ LiDAR platform. The PERCEPT LiDAR platform is the first flexible, solid-state LiDAR platform engineered with a strict focus on industrialization and automotive qualification.
The nascent Indian electric vehicle (EV) market is fast emerging as a sunrise sector, and the country is expected to aggressively push toward electrification. Frost & Sullivan’s recent analysis, Indian Electric Vehicle Growth Opportunities, finds that Mega Trends such as rapid urbanization, rising fuel costs, traffic congestion, pollution, emerging economic growth, and energy security will drive EV adoption in the country in the next few years.
Frost & Sullivan’s recent analysis, Global Aftermarket Outlook, 2021, finds that the global automotive aftermarket will gather momentum this year as a slowdown in new vehicle sales due to the impact of COVID-19 and aging vehicle parc will create more opportunities in the aftermarket space. With the availability of vaccines and lockdown lifts, the market is estimated to garner $478.8 billion by 2025 from $362.21 billion in 2020, an uptick at a 5.7% compound annual growth rate (CAGR).
Frost & Sullivan’s recent analysis on the micro-mobility industry finds that, globally, it is set to become one of the most attractive forms of sustainable mobility thanks to its convenience, affordability and safety. Comprising bike-sharing, kick scooter sharing, and scooter sharing, the global micro-mobility market is estimated to register 31.9 million vehicles by 2025, up from 20.5 million in 2020 at a compound annual growth rate (CAGR) of 9.2%.Read more