In 2014 the global light vehicle market is expected to cross the 88 million unit mark with growth in the Chinese and U.S. markets balancing the downturn in Europe. Key trends influencing the market include corporate carsharing, eRetailing and big data analytics.
This briefing will analyse emerging market trends and make bold predictions for 2014.
RecordedFeb 12 201464 mins
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Joe Praveen Vijayakumar, Industry Analyst, Frost & Sullivan
Governments across the globe are addressing the growing menace of traffic congestion. One way to address this issue in the future is to make use of the underutilized domestic airspace for mobility. The only vehicle available now for urban air mobility is the helicopter. Unfortunately, it is bulky, expensive and noisy, making it unsuitable for mainstream urban air mobility use. Thus, a vehicle that can be used for aerial mobility in the future is needed. The flying car space is hectic, with new players from various industries entering the race to build flying cars. Funding has also been brisk, with several companies raising funds or being acquired by established players from the automotive industry.
Kumar Saha, Mobility Research Director, Dr. Julia E. Saini, Global Vice President, Frost & Sullivan
The business of selling cars, parts and services is undergoing tremendous disruption at every level. From omni-channel retailing to digital dealers to Uberization of service, the downstream automotive ecosystem is expected to be completely transformed in the next 10-15 years. Frost & Sullivan predicts that nearly $50 billion automotive parts will be sold online globally by 2020. Similarly, nearly 70% of car sales leads will be fully digital by 2020. However, these disruptive forces also present challenges. For instance, the rise of Amazon is set to completely transform car sales and aftermarket models. In this scenario, OEMs will have to recalibrate their strategies while protecting their investments in current sales footprints.
Franck Leveque, Partner, Frost & Sullivan, Brian Bolam, TGMatrix and Colin Sutherland, Scott Sutarik, Geotab
Fleet management systems providers should gradually transform into a one-stop solution provider, extending their capabilities beyond telematics services by providing freight matching, video safety, tolling, fuel management, weigh-station bypass, truck stops, etc., by adding vendors into their partnership ecosystem. Digital freight brokers need to expand customer reach through OEM and TSP channels by leveraging their expansive customer base. Video safety vendors should develop their portfolio by offering driver fatigue detection and compliance management complemented by telematics services. Connected trucks will play an integral part of future logistics and freight operations.
Chandramowli Kailasam, Frost & Sullivan, Leo Jolicoeur, Drivewyze and Chris Davy, Blue Bloodhound
Mobile-based freight matching will be the biggest disrupter transforming the North American transportation industry—a $700 billion industry. On-demand freight mobility apps will bring in high asset utilization among smaller fleets, help reduce logistics costs for shippers due to lower brokerage fees, ease capacity crunch, reduce empty return miles that are currently about 20 billion miles, and also help reduce emissions. Mobile-based freight will also disrupt the brokerage industry, currently valued at $50 billion, and is likely to become a $26.4 billion market by 2025. Other notable apps will be the complementary freight optimization and driver utility apps, with a potential to grow into a $9 billion market.
Frost & Sullivan, Maven Drive, LLC, and SpinFrame Ltd.
2017 is expected to see global light vehicle sales crossing 93 million units, with growth in the US and Western European markets balancing the slowdown in China and Japan. Ridesharing, intelligent mobility and big data analytics are key trends that will influence the market. This briefing analyzes emerging market trends and makes bold predictions for 2017.
Sandeep Kar, Global Vice President - Mobility and Bharani Lakshminarasimhan, Program Manager
Product as a service will dominate industry narrative as proliferation of electronics and connected truck technologies creates new logistics business models. Moreover, concerns about global economic and geopolitical stability, along with concerns about strength of BRIC economies, are creating the need for recalibration of business strategies. Green, safe, connected smart trucks will be in demand. Autonomous mobility and digital freight brokering technologies are expected to receive more industry interest, and telematics technologies and business models will adapt to these changes. 2017 is also expected to experience rising product and market convergence as the value truck segment rises in prominence globally.
Krishna Achuthan, Senior Research Analyst and Shyam Raman, Program Manager, Intelligent Mobility
Demand for improved efficiency in the rail industry is expected to drive the market for advanced asset and fleet management tools, new rolling stock, and upgrades to rail infrastructure. Rail OEMs, operators and service providers are expected to expand capabilities in predictive analytics and remote asset management, and also focus on prognostics, safety enhancements, and wireless security solutions. Rail companies across the industry are expected to adopt new business strategies and launch new services through mergers and acquisitions.
In a recent Frost & Sullivan event organized in collaboration with IBM, along with digital heads of major OEMs and suppliers on the eve of the Paris Motor show, it was concluded that by 2020, Internet-connected vehicles will be the number one application, transmitting over 350 KB of data per minute. The event determined that digitization in the automotive industry will be primarily defined by five key pillars and will have a spiral effect on other industries:
1. Connected Supply Chain
2. Industrial Internet of Things and Industry 4.0
3. Connected and Autonomous Car
4. Digital Retailing and Vehicle Relationship Management
5. Mobility as a Service (MaaS)
Sandeep Kar, Arunprasad Nandakumar and Fred Andersky, Director, Customer Solutions, Bendix
The trucking industry today is focused on finding solutions to driver shortages, safety regulation compliance pressures, fuel efficiency enhancement demands, and higher driver productivity. That solution will be autonomous trucks. All truck OEMs are prioritizing some level of automated driving into their strategic plans to develop a sustainable transport solution for years to come as trucking provides the perfect platform for reaching the full potential of autonomous vehicles. The building blocks toward an autonomous truck include four main technological pillars: driveline, connectivity/communication, sensors, and algorithms/software. However, the process is expected to be slow as regulations, technology, liability, consumer adoption and societal concerns still need to be addressed.
The Latin America Automotive Market in 2015 declined by about 3% and the trend is expected to continue toward 2016. However, in terms of long-term sustainability, advancements in vehicle segment and in-vehicle features are becoming key differentiators. Moreover, disruption in the market in terms of new mobility business models is evident. This briefing will discuss the various aspects of change and evolution that the LATAM automotive landscape is experiencing and highlight the various opportunities for growth.
Frost & Sullivan Intelligent Mobility Team and Alex Mangan Product Marketing Manager, HERE Automotive
Autonomous cars are heavily reliant on existing infrastructure such as road signs, markings, etc., to navigate. However, the required infrastructure to support autonomous driving is subpar at most in many regions. To ensure that autonomous cars can continue driving autonomously, they require high-definition maps that can “fill in the blanks” (e.g., missing lane markings or signs can be checked on the map). This briefing will discuss where HD maps fit into the autonomous driving ecosystem, HD maps adoption, and threats to automotive navigation players by geospatial companies.
Arunprasad Nandakumar, Karl Iagnemma, Andreas Strasser
Why You Must Attend:
· What hardware and software approaches are industry players looking into as the industry moves from disruption to commercialization of autonomous driving?
· Industry is now at the cusp of a convergence between various technology programs. What new business opportunities are likely to evolve from the emergence of aspects like new mobility services and auto insurance?
· The US and EU are seeing growth of new autonomous test beds. How important are independent test beds and programs in the wider development and acceptance of autonomous driving?
Adoption of new technologies in logistics has become imperative for industry participants as supply chain visibility, faster delivery timelines, and focus on saving costs without compromising on service offerings are becoming norms of day-to-day business across industries. Technology advancements are not just bridging the gap of efficiencies; they are providing the industry with new channels and business models, and hence a new dimension to evolution. Adoption of these technologies is not a matter of gaining an edge over competitors, but a matter of survival.
Kumar Saha,Avijit Ghosh, Catherine Hutt, Joe Kripli
As vehicle age increases and environmental legislation tightens across the globe, remanufactured products will play a critical role. These market shifts will create a strong demand for remanufactured parts, resulting in a higher growth than the overall aftermarket. These transformations will create many opportunities for various stakeholders.
The recent diesel engine cheating scandal has raised many questions on how emissions are being measured. This briefing will shed light on the regulatory changes and how vehicle manufacturers need to align their powertrain portfolio.
Why You Must Attend:
· Recent events have brought about a shift of focus from CO2 emission reduction to NOx. What are the implications?
· What does the surge of electric car sales in Europe and China indicate?
· Learn about key powertrain trends with regards to changes in engine displacements, injection technologies and, most importantly, the role of exhaust aftertreatment technologies in the future
· Discuss changes in consumer perception following the Volkswagen emission scandal
Mobility Research Manager Sathya Kabirdas; president and co-founder of Telogis Jason Koch; and Kara Kerker, executive vice president and CMO of Lytx, will host a panel discussion on truck telematics, growth opportunities unlocked by disruptive technologies, inventive business cases, and regulatory mandates, followed by a live question-and answer session.
Sandeep Kar and guest speakers Jeffrey C. Walker, director, MD-HD Truck Transmissions at Eaton, and Eric Starks, president at FTR, will provide an executive outlook of key trends and forces shaping the global medium-heavy duty truck market's trajectory in 2016. Sandeep will focus on major takeaways from the market's performance in 2015 and then focus on the top-of-mind issues for commercial vehicle industry executives in 2016. He also will present a forecast for medium-heavy duty truck sales from both regional and global perspectives, focus on powertrain mix for 2016, present the future of connected truck technologies, and highlight product-specific changes that are likely to shape truck technologies and markets. Walker will provide an outlook on the global market and regulatory environment, product and technology imperatives, and Eaton's industry position. Starks will focus on FTR's 2016 outlook for the North American heavy truck and trailer market.
Krishna Jayaraman, Praveen Chandrasekar, Mahbubul Alam
The outlook focuses on the key trends and innovations framing the connected car industry in 2016. Topics covered include:
• Highlights from 2015
• Top predictions for 2016
• Regional trends (EU, NA, China, Brazil)
• Exhibits covering innovation in HMI, telematics and infotainment
• Connected services, HMI features and telematics services with OEM benchmarking (EU, NA, China, Brazil)
• Connected car market size and forecasts (2015, 2016 and 2021)
• Key takeaways and future outlook
2016 is expected to see global light vehicle sales exceeding 91 million units, with growth in the US and Europe balancing the slowdown in the emerging markets. Ridesharing, intelligent mobility and big data analytics are key trends that will influence the market in 2016. This webinar analyzes emerging market trends and makes bold predictions for 2016.
Shyam Raman, Frost & Sullivan and Dan Corns, Magnovate
Attend this webinar to discover:
• What will be the impact of Mega Trends on the global rail industry in 2016?
• What is the global market for rolling stock in 2016?
• Where are the new opportunities in rail infrastructure?
• Which markets will drive growth opportunities for rail in 2016?
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