BIS Research ( Business Intelligence and Strategy Research)

The evolution of the automobile industry can be attributed to the ever-changing buyer’s preferences, escalated focus on passenger safety, environmental concerns, and stringent government rules and regulation, aiming for minimal road accidents. In the past few years, vehicles have witnessed rapid technological advancements regarding passenger safety, communication capabilities, and driving experience, owing to the increase in focus from automakers and consumers to enhance safety and comfort in the vehicles. These goals of automakers are profoundly supported by numerous federal authorities such as the National Highway Traffic Safety Administration (NHTSA), European Commission (EC), and Departments of Transportation (DoT) in numerous regions. This is expected to advance vehicle safety on public roads with the integration of vehicle-to-everything (V2X) communication in automobiles. The products segment of the automotive V2Xmarket is categorized into DSRC-basedautomotiveV2X communication a...

  Currently, the global automotive industry, originated in the 19th century, has recently been witnessing unprecedented technological advancements. The convergence of numerous emerging technologies, such as autonomy, electrification, connectivity, and shared mobility, within the automotive ecosystem have given rise to many prospects for the market growth. Transportation for people and goods has become significantly easy, with an increasing number of on-road vehicles providing numerous opportunities and traveling options. However, with the increasing number of on-road vehicles, the complications and concerns related to vehicle and passenger safety have also increased. Therefore, the automotive industry has been heavily focused to further advance the concept of vehicle safety on public roads over the past few years.   The robo taxi technology aims to bridge the gap between autonomous vehicles and shared mobility. These vehicles usually belong to the 4 and 5 levels of autonom...