The transportation and automotive industry, technology has continued to push innovations in efficiency, lightweight materials, connectivity, and energy. Companies within the industry notice trends resulting from these improvements for future automotive developments. The North American automotive industry is not only the biggest market, but it is also the technological leader across the globe with some of the biggest names in the industry. With the market recovering since the recession, the next five years are expected prompt major changes that will impact the way cars are manufactured and used.
With more companies focusing on being more environmentally friendly and pushing the green initiative, developments for cars that reduce emissions of harmful green house gases are becoming more popular. According to MarketsandMarkets, a market research publishing company, demand for automotive sensors in all cars has increased due to changes in government standards and demand by end users. Development of new automotive sensors for pressure, temperature, magnetic, oxygen, and level/position will continue as environmental regulations evolve.
The exhaust systems for cars are also changing because of emission regulations. The new regulations have reduced the volume of allowed emissions from automobile exhaust systems which have pushed research and development of exhausts to meet new guidelines.