Feature: Automotive
The era of software-defined vehicles is upon us
By Ta Tran Minh, Vice President and Delivery Head, FPT Global Automotive and Manufacturing, FPT Software
F
rom global disruptions that have caused supply chain shortages, to heightened inflation and successive interest rate rises, the automotive sector is transitioning through one of the most challenging and uncertain periods in its history. According to TrendForce analysis, global car sales remained almost
unchanged in 2022, with a year-on-year (YoY) decline of 0.1% to just over 81 million vehicles. Te US experienced an 8.1% decline, with 13.7 million vehicles; Western Europe saw a 4.6% decline, with 11.8 million vehicles sold; and Eastern Europe recorded a significant YoY drop of 27.3%. However, China proved the outlier, bucking the trend with 26.9 million vehicles sold in 2022, a YoY growth of 3.7%.
12 October 2023
www.electronicsworld.co.uk
On the road to recovery Difficult times call for creative measures and the automotive industry has in the past proven itself adept at finding innovative solutions to challenges. Tis approach is now needed to safely navigate the supply-chain bottlenecks caused by the recent global problems. Tere will be a notable shiſt from “just-in-time” to “inventory
management”, to boost supplies through the tracking and organising shipments from suppliers. To further insulate against disruptions, automotive manufacturers will adopt vertically- integrated business models, specifically in areas like the battery value chain. EU legislation is placing added pressure on manufacturers to source local components if they are to avoid heſty tariffs; many have publicly stated they are facing difficulties in sourcing locally-made batteries. ABI Research expects a modest return to growth for new
consumer and commercial vehicle sales over the next two years, with predicted global sales growth reaching 5.1% in 2023 and 3.3% in 2024, with sales returning to the 90-million-plus mark in 2025. Yet, despite the headwinds, experts remain cautiously optimistic of a market rebound, defined by several key trends.
Clean mobility EVs have been forging ahead, expected to dominate the sustainable mobility drive. In 2023, battery electric cars (BEVs) and plug-in hybrid electric vehicles (PHEVs) are projected to account for 19% of new passenger car registrations, up from 14% in 2022, with China and Europe as the biggest markets. As every industry embarks on a digital transformation journey,
the era of soſtware-defined vehicles has arrived, with innovative soſtware and breakthrough technologies. EVs are brimming with latest tech, providing smartphone-like features and functionalities
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