Automotive and Transportation

The automotive industry holds potential to contribute to the fundamental restructuring of adopting highly complex and expensive technologies in the automotive industry such as autonomous driving, telematics and connected vehicle technology. It is among the sectors that have been hit most by the recession and COVID-19 pandemic in the past few years. The car market fell distinctly, emphasizing the difficulties of exces The automotive industry holds potential to contribute to the fundamental restructuring of adopting highly complex and expensive technologies in the automotive industry such as autonomous driving, telematics and connected vehicle technology. It is among the sectors that have been hit most by the recession and COVID-19 pandemic in the past few years. The car market fell distinctly, emphasizing the difficulties of excess production capacity already faced before the crisis and intensifying the economic downturn in major car-producing countries. Related to the general recession of 2008, the slump in car sales was nonetheless not more profound than what was observed in the past.
Electric vehicles (EV) have gained high popularity in the recent times due to their lower contribution to the overall greenhouse gas (GHG) emissions. In 2018, the transportation sector accounted for 25% of the GHGs produced by energy-related sectors. On the back of rising penetration in the transportation sector, EVs are expected to reduce this figure in the coming year. Moreover, these vehicles quiet and easy to operate, and their operations are not challenged by fluctuations in fuel costs, unlike that of conventional vehicles. The rise in regulations concerning environmental and safety standards will raise costs and increase complexity, as they include various new hardware and software. The growing number of derivatives obeying different vehicle markets and segments based on an individual vehicle platform also increases complexity. Simultaneously, original equipment manufacturers (OEMs) are likely to focus on the development of alternative powertrain technologies for introducing lower emission vehicles without knowing what will end up being the future's prevailing technology.
The automotive and transportation domain offers companies/businesses comprehensive provisions of market data that assist them in decision-making. Reports of TIP from this domain would provide qualitative and quantitative information including revenue forecasts and market sizes; value chain analysis; PEST or Porter's Five Forces analysis; market and product trends; regulations and price trends; leading players, and their key developments, growth strategies, and company profiles; and overall competitive landscape.

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