In general terms, what do the industry analysts say about this industry?
In general terms, the analysts are saying the current automobiles today resemble ‘computers on wheels’. More and more, the automotive companies will try to produce their products with new advanced technology. Diverse functions concerning Safety, Convenience Vehicle controls, Driving assistance and Communication devices will have a bigger role on their products. You can now barely find cars without GPS, Airbags, and collision warning signs for vehicles produced today. As for the recent technology, vehicles with ‘blackbox technology’ is gaining attention since it is very helpful when trying to retrieve information on causes of damages, just like the ones attached on the aircraft. Moreover, the companies are in their ‘economy mode’ as for their new trend, and hybrid cars are good example for this and it is predicted that it will grow more in the future as well.
The analysts also assume that there would be a expansion in the future markets particularly in India and China. Recent two years was a recession in the automotive industry due to the downfall of the economic crisis, however, since now the economic conditions in U.S and Europe is improving, growth in the market can be expected in the coming up future.
references :
http://cyberinvestmentguide.com/alternative-investment/market-trends/Market-Trends-In-The-Automotive-Industry.html
http://www.altera.com/end-markets/auto/industry/aut-industry.html
http://www.sjnorcalgroup.com/2011/02/06/future-trends-in-automotive-technology/
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