The future of the automotive industry starts now
The automotive industry is undergoing a significant transformation beyond just the car. The core trends, from connectivity to autonomy, shared ownership to electrification, are rapidly evolving the automotive landscape, and are triggering other key mobility trends. Trends that are fundamentally reshaping the way we think about cars and how they fit into our lives and what we expect from mobility brands in terms of not just their products but also the experiences that they are providing.
Connected vehicles are becoming increasingly prevalent, with projections showing that by 2030, 95% of new vehicles sold will be connected. However, despite this growth in vehicle connectivity, many car owners still prefer third-party systems like Apple CarPlay and Android Auto over OEMs' built-in systems. This presents an opportunity for OEMs to build marketplaces and partnerships that cater to the unique space of the car.
Autonomous driving is also becoming a reality, particularly in the shared space with services like robo-taxis. This shift from drivers to guests and viewing vehicles as the "third space" opens new possibilities for experience innovation and engagement.
Car sharing and subscription models are on the rise, attracting new customers to automotive brands. This shift towards alternative ownership models requires OEMs to adapt their commerce capabilities and design experiences around a different customer journey.
Electrification is not only changing the cars themselves but also impacting sales, after-sales service and charging infrastructure. This shift towards electric vehicles is creating a whole new ecosystem for car brands to integrate into. To get the most out of connected vehicle technology, automotive companies must focus on elevating the customer experience through in-car personalization options, membership programs, in-car entertainment services, and customer-centric digital experiences. They must also accelerate their commerce capabilities through direct-to-consumer models, functions-on-demand, in-car ecommerce and marketplaces.
Enterprise transformation is also crucial in this evolving landscape, with a focus on connected vehicle technology, scalable IoT solutions, digital lifecycle management, agile product culture and connected safety features. Marketing creativity and performance play a key role in leveraging the car as a channel for brand experiences and integrated campaigns.
Data enablement stands as an essential pillar in navigating current mobility trends, facilitating seamless data connectivity, predictive maintenance, and data management in connected environments. Our offering goes beyond, empowering decision makers within OEMs and other mobility companies with capabilities in stock prediction, simulation, data lineage tracking and dynamic insights through customizable dashboards, all while recognizing that data enablement serves as the foundational bedrock for AI integration.
By combining automotive know-how with Valtech's expertise across industries like consumer goods, retail, healthcare, financial services, travel & hospitality, manufacturers can unlock unprecedented opportunities for new services and products that cater to evolving customer needs. The future of the automotive industry lies in embracing these mobility trends and adapting to meet the changing demands of consumers in a rapidly evolving landscape.
