2019 Automotive Sector Trends To Look Out For Automotive Market Trends 2018
Automotive industry trends 2018 pwcThis comprehensive Automotive ESP Marketplace analysis report involves a brief on these trends that can support the companies operating in the industry to recognize the market place and strategize for their company expansion accordingly. One of the major automotive industry trends this year is the death of the taxi. Uber officially has more drivers in New York than there are taxis, and nationwide Uber and Lyft have far more market share than taxi cabs. The age of the taxi is over, and it is unlikely ever come back, regardless of the numerous lawsuits filed by taxi businesses looking for to limit the growth of ride-sharing.
The Internet of Things (IoT) has led to a wave of connectivity that has influenced almost every sector in the world. The global insurance coverage sector, for instance, is experiencing a profound change driven by IoT and Fintech. The IoT platform assists to connect the insurers of various sectors such as motor, home, and person policyholder blockchain. Insurance coverage companies are increasingly using IoT information to enhance their precision in assessing danger, pricing policies, and estimating necessary reserve. The introduction of IoT has developed substantial possibilities in the automotive insurance coverage sector such as usage primarily based insurance (UBI).
APAC automotive electronics marketplace size contributed more than 39% of overall income for 2015. It is predicted to register CAGR of 9% and touch $145 billion mark by finish of forecast period. Factors like increasing demand for customized car, low priced automobiles and superior …
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