The automobile technology market is forecast to increase at a CAGR (compound annual growth rate) of 8.21% between 2023 and 2028, with a predicted valuation of USD 69.18 billion in 2023 and USD 100 billion by 2028. Since they regularly keep an eye on those modifications, automakers aren’t willing to take any unnecessary risks.
By collaborating with online firms, they are improving how people engage with autos. In this post, we’ll investigate four mobile innovations that are reshaping the auto industry. In this detailed review, we’ll cover the particulars of how the automobile industry is reinventing itself, as well as how upgrades in automotive technology have implications for the industry.
- VR Car-Shopping
The next generation of vehicle buying is virtual reality. The era of viewing vehicles at showrooms is long gone. These days, you may look at particular automotive features and functionalities and view a virtual tour of the vehicles in a virtual dealership. The panel and processor are integrated into your smartphone. Numerous dealerships have already used this technology, which will soon become widely available.
- In-vehicle Infotainment
The phrase “in-vehicle infotainment” (IVI) refers to devices or displays that provide both passengers and drivers with the most recent knowledge and recreational options. Manufacturers of cars and other cars use this state-of-the-art technological innovation to provide an appealing and pleasant ride for drivers and passengers. The infotainment display or screen of a modern automobile can assemble and generate anything these days.
- GPS Vehicle Tracking
A technique called GPS vehicle tracking provides automatic updates on the whereabouts of cars. Internet access and the installation of a GPS gadget in an automobile are prerequisites for the latest technology. When installed, a smartphone can be utilized to monitor an automobile.
A GPS tracker not only tells you where the vehicle is but also how fast it is going and whether it is in or out of a designated area.
- Voice Commands
With the latest advances in motor vehicle technology, voice commands are mostly utilized in automobiles. They provide a practical and secure method for communicating with a car. The significant benefits of voice commands are expeditious and precise services and details to maximize the overall driving experience, minimum distractions, and enhanced safety, as drivers will be able to be focused while driving.
It’s challenging to dismiss the mutually advantageous connection that exists between smartphones and automobiles. Connectivity between smartphones and automobiles is steadily improving, and fresher & more sophisticated technology is on the horizon. One of the most widely anticipated developments in the automotive industry is the development of driverless cars and electric vehicles (EVs), which major smartphone vendors are presently discussing with OEMs.
