What are the other key trends in the automotive market at the global level?
Some of the emerging global trends, which will have a farreaching
impact on the auto industry, are:
• Autonomous driving or self-driving vehicles,
• Connected vehicles which talk to each other
• Advent of electric vehicles
Additionally, the digital transformation in the automotive market will meet the growing customer needs and transform the experience for fleet owners and commercial vehicle manufacturers.
Digitization will reduce the costs across the supply chain and will allow manufacturers to collect data and gauge customer behaviour to make it better. The Internet of Things (IoT) will make it easier for automotive companies to monitor data constantly, improve the maintenance of a vehicle and enhance the efficiency of the products. Companies will look to take giant strides towards achieving better performance, robust systems and maintain a steady line of communication between the company and its OEMs.
Autonomous driving, connected cars are some of the upcoming trends. What efforts is the company taking to keep up with the trends?
WABCO has been at the forefront of developing products for autonomous driving of commercial vehicles through its industry leading safety and efficiency-enabling technologies such as electronic braking, electronic stability control, air disc brakes, adaptive cruise control, collision mitigation and avoidance, lane departure warning, blind spot detection, modular braking system platform, advanced emergency braking, manual transmission automation, electronically controlled air suspension and intelligent air management, among other breakthroughs.
In tune with the same, WABCO recently introduced 360-degree sensor detection as well as expanded breakthrough modular braking system platform to provide yet another advanced functionality. The company has also added new capabilities for vehicle control, adding to the recently announced industry-first evasive manoeuvre assist that is developed jointly by WABCO and ZF and connects active steering with active braking.
Also, the world is moving towards embracing e-vehicles. How will this transformation affect your business and how do you plan to gear up for the same?
Air assisted systems will be needed in electric vehicles, so our range of air related products will continue to be relevant in the future. We have products like Electronic Braking System (EBS) for e-vehicles. We will continue to anticipate the evolving trends and develop products and systems that will meet future needs of customers.
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