The automobile industry is aimed at an important transformation by 2030, promoted by the growing demand for safety characteristics, electric vehicles and smart technologies, according to a recent Niti Aayog report.
One of the most prominent aspects of the report is the strong increase in the adoption of advanced driver assistance systems (ADAS). The report stressed that the thesis characteristics, which help drivers to stay safer on the road, were present in 42 percent of new vehicles sold in 2020. However, their presence is expected to grow quickly and touch 90 percent of sales of new vehicles by 2030.
He said: “It is projected that advanced driver assistance systems (ADAS) will increase from 42% of new vehicle sales by 2020 to 90% by 2030, stimulated by consumer demand for security features and regulatory requirements.”
Another important trend mentioned by the report is the emergence of autonomous or autonomous technologies. In 2020, less than 1 percent of vehicles, such characteristics, but report projects had more than 30 percent of vehicles could be equipped with some level or autonomous driving capacity by 2030.
This will increase the demand for high -tech components such as sensors, artificial intelligence (AI) and powerful computer systems.
The software is also ready to play a much more important role in vehicles. At present, the software represents about 2 percent or the total value of a car. This part is expected to double and reach 4-5 percent by 2030.
As vehicles become more connected and are able to receive updates on the air, it is projected that the automotive software market will grow to USD 80 billion.
The report also highlighted how electric vehicles (EV) are changing the structure of vehicle manufacturing. The specific parts of EVs are expected to, such as electric motors, lithium -ion batteries and advanced electronics, represent almost half of the value of an electric car.
This means that manufacturers must focus on innovation and expand production to stay competitive.
Niti Aayog said: “The automobile industry can be gained significantly from the turn of electric cars (EV), since it is predicted that the specific pieces of EV will represent approximately half of the general value of the vehicle.”
He stressed that collaboration with technology companies will be crucial in the configuration of the future of mobility. Automobile manufacturers that adapt rapidly to these changes in the software they cover, automation and electrification will be better positioned to prosper in the next phase of the automotive revolution.