Each year presents another set of changes in the automotive industry, each which surpass the trends experienced over the past few decades. 2020 is set to be a crucial year for both the continuance of developments already in place and fresh forces of disruption.
1.Continuing Growth of Electrification
Auto manufacturers continue their push toward the aggressive 2025 Corporate Average Fuel Economy standards by ramping up electrification strategies with the expansion of mild hybrid programs as well as new plug-in hybrid and fully electric vehicle offerings. Expect to see a full range of new fully electric vehicles enter the market in 2020 including:
- The Tesla Model Y, a small crossover built on the Model 3 platform
- The Mini Electric, which has a great deal of shared technology with the BMW i3
- A full range of electric vehicles from Volkswagen in their ID series, which includes a small hatchback, a standard crossover vehicle and an electrified reboot of the Microbus
2.The Growing Presence of Start-up Car Companies
Several companies are attempting to follow in Tesla’s footsteps as the next big automotive start-up. Many of these start-ups, like Tesla, are focusing on electric propulsion. American start-up Rivian, just secured £700 million worth of funding from Amazon earlier this year. Rivian is hoping to get ahead of Tesla by releasing the first fully electric pickup by the end of 2020.
3.New and Improved Digital Platforms
In order to meet the increasing demands of the complex technology embedded in today’s vehicles, automakers must invest in advancements to the digital platforms. BMW announced the release of vehicle updates that can be performed over the air or remotely. This technology allows for software upgrades to your vehicle much like the regular updates for smartphones. GM also announced the launch of a new electrical platform that will be capable of meeting the bandwidth requirements of its future line-up of vehicles. This will likewise have the capability of performing over the air updates.
4.Expanded Conditional Automation
This level of autonomy allows the vehicle to monitor the environment while disengaging the driver from certain safety functions like braking if certain conditions are present. Systems like Audi’s Traffic Jam Pilot and Mercedes’ Drive Pilot provide the opportunity for the vehicle to take over all critical driving functions in specific scenarios. Currently, this system is only available on select vehicles, but is expected to be offered more broadly soon.
5.Increasing the Use of Carbon Fibre in Vehicle Structure
OEM’s have already been shifting the manufacture of new vehicles to lighter weight substrates. Previously, most of the focus has been placed on aluminium but now many automakers are turning to carbon fibre not only for exterior components such as hoods but also whole inner body structures. Volvo’s upcoming Polestar 1 plug-in hybrid and Polestar 2 EV both rely on a primarily carbon fibre inner structure to both reduce weight and enhance rigidity. Carbon fibre is even finding its way into the pickup market with GM utilising the composite in the construction of new bed assemblies on the Silverado/Sierra platform. Industry analysts predict a compound annual growth rate of the automotive carbon fibre market between 7.9% and 10.6% within the next 5 years.
With our ISO 9001 quality and IATF 16949 automotive accreditation’s, Goudsmit UK can provide quality magnets, magnetic assemblies and components into the automotive industry. From magnets to actuators and motors, we offer ready-to-install precision parts and assemblies of varying volumes to renowned auto makers.
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