The automotive industry encompasses the design, development, manufacturing, marketing, and sales of motor vehicles. It is a crucial economic sector, generating significant revenue. Throughout history, the automotive industry has been at the forefront of major industrial revolutions, experiencing various phases of innovation that have impacted its core activities.
The automotive industry is leading the way in implementing smart factories and Industry 4.0 initiatives. Additionally, new ecosystems are developing to meet the evolving needs and expectations of consumers and stakeholders in the mobility sector as the industry moves beyond traditional digital transformation. However, within the broader concept of mobility, the industry is undergoing digital transformation across various areas. The automotive industry typically excludes businesses involved in repairing cars or providing fuel to customers. In recent years, OEMs have been investing heavily in CASE (connected, autonomous, shared, and electric) cars and mobility. However, the expectations regarding concepts such as Mobility-as-a-Service and autonomous vehicles tended to be extremely optimistic, among others from a timescale and feasibility perspective.
External factors in the automotive industry, such as political decisions, can have a significant impact on the supply chain. Tariffs and trade deals, for instance, can change the costs of raw materials, components, complete vehicles, and even transportation logistics for imported and exported goods. So, the reports included in the automotive segment will provide you the comprehensive information including trends, recent developments, and others regarding the topics related to the automotive industry.
