Business View Magazine | February 2020

6 BUSINESS VIEW MAGAZINE FEBRUARY 2020 Despite these challenges, some important trends have been identified that will grip the auto industry in the coming months. Here are some of the changes we can expect to happen in the sector in 2020 and beyond. Connectivity Connectivity is a new buzzword that has surrounded the automotive industry and every tech industry. Today’s cars are equipped with modern traffic navigation services, safety and infotainment features, as well as a host of new technical features and driver assistance apps. The promise of smart cars is to enrich the driving experience and make it more convenient and seamless. The connectivity space in the auto industry is still in its early stages of development, but since many leading auto companies are competing for dominance in this area, we will probably see fully-connected cars on the road sooner than expected. McKinsey & Company reported that 1 in 5 vehicles would have internet connectivity by 2020. The report also predicted a 30 percent rise each year in the number of networked cars for the next several years. Autonomous Vehicles You might be familiar with this topic as much has already been written and spoken about it. News about autonomous vehicles comes out almost every day, and many auto companies have joined The auto industry is approaching the shift towards autonomous vehicles in a phased manner to allow other relevant sectors to transform parallel with the technology