The automotive industry is currently witnessing strong growth on account of the increasing per capita income and growing global population. Manufacturers are also continually engaging in research and development (R&D) activities to launch efficient and technologically advanced vehicles in the market. For instance, they are incorporating the Internet of Things (IoT) technology in autonomous or driverless cars to improve automation. IoT will help in sharing data between connected cars while uploading the same to a cloud system. Apart from this, the rising demand for fuel-efficient, high-performance and low-emission vehicles has been witnessed, which is boosting the sales of electric vehicles on a global level. Furthermore, the advent of cloud-based manufacturing execution system (MES) has reduced the requirement for software upgrades and improved the overall IT infrastructure of the automotive industry, in turn, providing a thrust to the industry growth.
IMARC Group’s reports offer a comprehensive study on the dynamics of the automobile industry. Our reports also provide a thorough breakdown of the current market scenario, trends and opportunities along with detailed statistical analysis, key success and risk factors, industry performance, region-specific analysis, feasibility analysis, and profiles of key players.