How New Technologies Are Boosting the Automotive Motors Industry

Interference of artificial intelligence in automotive market growth can never be given a lighter note indeed. Especially, when it comes to driving comfort and safe driving experience, the role of AI in automotive motors gets amplified in more than one way. In the last few years, consumers have started displaying a positive outlook toward AI-driven vehicle systems which, in turn, has paved the way for new spectrums for the market growth. Automotive manufacturers across the world are now seen to get the most out of this steadily growing industry by presenting new features in their vehicles including automatic parking, lane support, compatible cruise control, driver conduct monitoring etc.

Technology in the automotive segment has changed vigorously in the last few years and with this drift on board, a plethora of automobile manufacturers across the world are concentrating on assimilating semi-autonomous and wholly autonomous technologies into their vehicles. Simultaneously, erudite onboard AI systems are offering real-time accordance between driver and vehicle, allowing safe driving and bringing down driver fatigue by propounding resting periods and regulating car triangulation, especially when the driver gets distracted.

Machine learning solutions, on the other hand, are experiencing a constant rise in adoption, permitting AI systems to envisage and determine on driving patterns in heavy traffic. With highly improved neural network technologies, machine learning is now expected to achieve human driving conduct without any external support.

Renowned technology providers such as Intel, AMD and NVIDIA are constantly improving and sprucing up their solutions. They have also started coming up with energy-saving hardware, allowing AI technologies to work with low power consumption. Last but not the least; the rising interest of government ventures in espousing self-directed mobility for checking on traffic accidents and enhancing traffic management is forming a positive outlook for the market.

According to Allied Market Research, the global automotive motors market is expected to grow at a significant CAGR from 2019–2026. Rise in demand for safety and convenience features, increasing inclination toward electric vehicles, and strict safety regulations government for locomotive industry are the prime factors boosting the growth of the industry. On the other hand, reduction in global vehicle production and surge in trend of shared mobility are anticipated to curtail down the growth to some extent. However, increase in applications involving the use of electric motors and emergence of autonomous cars have almost played down the restraining factors and paved the way for an array of opportunities in the market.

Briefly, it can be stated that as an integral part of a vehicle, motors help bring off its performance easily and slickly. Motors are present in any vehicle operation that takes in constant whirling movement in any mechanical or automated system. Right from power navigating motors and power window engines to wiper structure and cooling fans, automotive motors are involved in almost every wing of a vehicle. Also, there is no doubt that the use of motors ensures comfort the best. To sum up, it can be asserted that the automotive motors market is snowballing at a rapid pace and in the next few years to come, it’s going to proliferate yet more.

Reference:

tractica.com

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