Automotive sector will focus its R&D efforts on three priorities: ramp up the development of electric vehicles, develop advanced driver-assist systems (ADAS) and autonomous vehicles, and lastly, deploy mobility services.
The arrival of new approval cycles (WLTP, RDE, etc.) and regulations concerning emissions (Euro6c, 95g CO2/km in 2020) has pushed car manufacturers to step up the deployment of “electrified” powertrains (hybrid and plug-in hybrid).
There is also technological competition in the advanced driver-assist systems (ADAS) market, as companies aim to develop fully autonomous cars. They are focusing their efforts on perfecting ADAS detection systems, artificial intelligence, vehicle to vehicle (V2V) communication and vehicle to infrastructure (V2i) communication.
With the widespread access to smartphones, we are also observing the development of these new IT players of mobility services such as Blablacar, OuiCar or Uber (primarily start-ups). The automotive market was one of the first to launch a collaborative economy aimed at more accurately and cost-effectively distributing costs, including transportation costs. According to the consulting firm Ptolemus, this market is estimated to reach $350 billion by 2020.