Disruption of the global automotive industry.

The global automotive sector is on the edge of disruption. Four technology-driven trends— AI, shared mobility,?connected vehicles, and autonomous driving—are driving the industry into this disruption.

These developments will reshape markets and revenue streams, alter mobility behaviour, and create new opportunities for competition and collaboration.

The global connected cars market size accounted for USD 38.72 billion in 2023 and it is expected to reach around USD 161.48 billion by 2033.

New business models could expand automotive revenue pools by 30 per cent, adding up to USD 1.5 trillion by 2030

The real question is whether automotive stakeholders are ready for this change. And how can they leverage this transition to expand into additional markets?