The automotive industry in India is all set to witness a great convergence of the technology and industrial sector for coming up with advanced solutions. With every sector undergoing digitization, the automotive industry is also not far behind. Over the centuries, this industry has gone through several highs and lows. The automotive industry is now making a shift in the direction of advancement where industrialists will drive more revenue, making the end-user experience more enhanced through innovative driving methods.
On the global map, China has been the leading player, followed by the USA and Japan. However, this ranking is a dynamic one as there are scenarios like demand for auto sector outputs and the average age of a nation. For the past 2 years now, India is placed at the 4th rank by overtaking Germany. According to the experts, India can be the 3rd largest automobile market in the coming decade, with China and the US remaining ahead.
Technological Trends Boosting Automotive Manufacturing
However, this industry also saw a slowdown due to the ongoing pandemic, primarily due to lower sales. But, the good news is that this industry is slowly gaining its lost pace, giving high optimistic hopes to its customers. The 'return' of the Indian automobile industry can be attributed to technological advancements taking place.
Some of the key technologies that boost this sector in India comprise of the following-
Digitalization is indeed the next big technology for the automotive industry. It has already been implemented by bigger global players present in the sector with the intent to provide their customers the best buying experience. Digitalization also includes the usage of technologies like Virtual Reality (VR), the Internet of Things (IoT), and Augmented Reality (AR). AR and VR are playing a crucial role in this industry as it gives the end-customers a complete overview of the vehicle without actually being near it. IoT helps collect the vehicle's vital driver and surrounding data and process this data to gain insights related to driving and ecosystem patterns.
2. AI-Based Autonomous Cars
AI-based autonomous vehicles are boosting the automobile industry by enabling smart travel methods to introduce self-driving cars. These vehicles don't require any driver and completely work on sensory and software data for vehicle control and navigation. Such autonomous or self-driving vehicles are developed to reduce the requirement for human drivers and make the daily commuting process easy. Global bigger players strongly emphasize autonomous driving and working in the direction to make them more reliable than their manually-driven vehicle counterparts.
3.Blockchain
With the introduction of Blockchain technology, information processing and transmission have become more secure. The vehicle data can be easily shared over the secure network for connectivity and shared transportation solutions. Blockchain is also being used for verifying and enhancing efficiency across the back-end and supply chain processes. With time, one can expect that the Blockchain will play a major role in transforming this sector.
4. 3D Printing
In India, the automotive industry is witnessing huge demand for new vehicles and spare parts. As a result, the manufacturers are looking to offer newer & better performing vehicles through optimized production and streamlining supply chains and logistics. With 3D printing, the manufacturers can easily address these dynamic requirements of their customers. 3D printing is being used across all major functional areas and is also used to produce tools and spare parts.
Wrapping Up:
Advanced Technologies are inevitably going to transform autonomous driving in India. Government bodies like ARAI play a major role in automating this industry by offering end-to-end automated management.