A comprehensive survey of automotive industry developments to look forward to in 2023 reveals information-centric technologies taking half in a central function in the way forward for the industry. The industry is adopting new technologies in its operations at an unprecedented scale. In addition to technologies similar to artificial intelligence (AI) and big data & analytics that have been round for while, newer technologies such as the web of issues (IoT) and blockchain additionally find numerous applications in automotive.
Innovation Map outlines Top 10 Automotive Industry Trends & 20 Promising Startups
For this in-depth analysis on the Top Automotive Industry Trends & Startups, we analyzed a sample of global startups and scaleups. The result of this research is data-driven innovation intelligence that improves strategic decision-making by giving you an outline of emerging technologies & startups within the automotive industry. These insights are derived by working with our Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, masking + startups & scaleups globally. The platform quickly delivers an exhaustive overview of emerging technologies inside a particular field in addition to identifies relevant startups & scaleups early on.
In the Innovation Map beneath, you get an overview of the Top 10 Automotive Trends & Innovations that impact companies worldwide. Moreover, the Automotive Innovation Map reveals 20 hand-picked startups, all working on emerging technologies that advance their subject. To explore custom insights, merely get in contact with us.
Tree Map reveals the Impact of the Top 10 Automotive Industry Trends
The Tree Map beneath illustrates the top 10 automotive industry trends that can impression firms in 2023. Emerging firms are working to build the primary absolutely autonomous vehicle for city roads, which in flip accelerates the advancements in-vehicle connectivity and IoT. Further, as countries look to maneuver away from fossil gas use, a big number of rising electrification startups develop electric vehicles and the related charging infrastructure. Another approach to cut back the variety of automobiles on the street entails promoting and creating shared mobility solutions that embody first and last-mile connectivity along with urban mass transit.
Global Startup Heat Map covers Automotive Startups & Scaleups
The Global Startup Heat Map below highlights the worldwide distribution of the exemplary startups & scaleups that we analyzed for this automotive developments research. Created by way of the StartUs Insights Discovery Platform, the Heat Map reveals that the United States is home to most of these firms whereas we also observe elevated exercise in Europe, notably in the UK and France.
Below, you get to satisfy 20 out of these 4 800+ promising startups & scaleups in addition to the solutions they develop. These 20 startups have been hand-picked based on criteria such as founding yr, location, funding raised, and more. Depending on your specific wants, your prime picks would possibly look totally totally different.
Interested to explore all four 800+ startups & scaleups?
1. Autonomous Vehicles (AVs)
Self-driving or autonomous vehicles minimize the necessity for human drivers and look poised to remodel everyday transportation. Fleets of AVs expand the scope of last-mile deliveries, reduce downtime, and purpose to make public transportation relatively safer. For instance, by lowering accidents caused because of driver fatigue or negligence. AVs are equipped with superior recognition technologies, similar to AI-enhanced laptop vision to determine obstacles alongside the route.
Intvo will increase Autonomous Vehicle Safety
The US-based startup Intvo develops a pedestrian behavior prediction expertise. Unlike two-dimensional (2D) and three-dimensional (3D) object detection technologies that think about limited parameters, their solution checks for head place, eye contact, and leg movements of the pedestrians, weather situations, and assigns a risk degree. This reduces false positives in pedestrian detection and enhances the safety of autonomous vehicles.
Udelv builds Autonomous Vehicles for Las Mile Delivery
The US-based startup Udelv supplies autonomous vehicles for last-mile deliveries. It combines superior AI algorithms and hyper-speed teleoperations for human-assisted steering in unique conditions. The startup’s vans have a payload capability of approx. 360 kg (800+ lbs) and attain speeds as much as approx 100 km/h (60 mi/h). The vans deliver groceries from close by shops and ship out a push notification when the order arrives.
2. Vehicle Connectivity
Nowadays, vehicles come with a tamper-proof digital identity that differentiates them from other vehicles within the community. This allows simple tracking of vehicular data for various use instances such as insurance, driver safety, predictive maintenance, and fleet management. Sharing vehicular data helps not simply the individual buyer, however overhauls the complete mobility ecosystem. Startups and scaleups develop vehicle connectivity solutions that enable them to attach and change data with different vehicles (V2V), an electrical vehicle grid (V2G), public infrastructure (V2I), in addition to with new and rising methods to utilize vehicle data (V2X).
V2X Network presents a Connected Vehicle Data Platform
British startup V2X Network offers a vehicle-to-everything (V2X) platform for autonomous transactions that combines geo-networking and caching to enable low latency real-time communication. The platform runs on distributed ledger technologies (DLTs) and permits for a excessive degree of scalability. The startup uses enterprise-grade encryption so as to provide customers management over their data to reinforce security and privateness measures.
NoTraffic facilitates Digital Road Infrastructure Management
Israeli startup NoTraffic develops an AI-powered traffic signal platform that digitizes street infrastructure management and connects drivers to the city roadways to administer numerous traffic-related challenges. The data of all highway customers is streamed and processed in real-time to empower good mobility. The solution also serves as the base for extra services corresponding to micropayments and micro-mobility.
three. Electrification
The depleting fossil gas reserves and the harm to the setting attributable to their use call for promoting the usage of electric mobility solutions. For greater adoption, EVs want to deal with issues similar to high value, poor battery, insufficient charging infrastructure, fleet electrification, as well as powering renewable energy-based charging grids. These challenges, along with the need to tackle increasing greenhouse fuel emissions across the world, startups are engaged on electrification solutions.
Lordstown Motors builds an Electric Pick-up Truck
The US-based Startup Lordstown Motors Corps makes an all-electric pickup truck. The truck, EnduranceTM, is designed to be a sturdy work vehicle and comes with fewer transferring elements compared to traditional business vehicles, thus enabling easier maintenance. It options 4 hub electric motors to offer a four-wheel drive and is able to traveling greater than 250 miles (400 km) on a single charge.
ChargeX specializes in Modular Electric Vehicle Charging Solutions
German startup ChargeX presents a modular EV charging solution that converts parking spaces into charging stations. The startup’s platform, Aqueduct, is simple to install, has four charging modules with up to 22kW, provides month-to-month reviews, and uses a Typ2 charging cable. The solution recognizes the ability requirements of every car and mechanically controls the charging pace for each vehicle.
four. Shared Mobility
With connected vehicles, new business fashions have come up that target shared mobility as an different to conventional vehicle possession. This allows mobility-as-a-service (MaaS) and discourages unused vehicles. Such solutions meet the necessities of a metropolis or a business without adding new vehicles, thus reducing ready time for fleets and pollution caused by petrol or diesel vehicles.
Launch Mobility combines Shared Mobility Solutions in a Single Platform
The US-based startup Launch Mobility develops a platform for a variety of shared mobility solutions. The platform LM Mission ControlTM presents free-floating or station-based car sharing, superior shuttle services, shared dockless scooters, keyless rental programs, and peer-to-peer shared mobility. The LM Misszon ControlTM dashboard permits business customers to administer their fleets. Further, their drivers use out-of-the-box or white-labeled apps to manage reservations or remotely access vehicles.
Beam develops Electric Scooters for Urban Mobility
Singapore-based startup Beam focuses on e-scooters to promote shared mobility in the Asia-Pacific region. Their scooters use an aviation-grade aluminum body and are customized for sharing, safety, reliability, and durability. Users discover the nearest Beam scooter on the app and park it in seen public spots after the journey. Further, the micro-mobility platform presents a sustainable various to short-distance rides and helps regulate traffic flow in cities.
5. Artificial Intelligence
Artificial intelligence technologies such as machine learning, deep studying, and computer vision discover applications in robotic automation inside the automotive industry. These guide self-driving vehicles, manage fleets, assist drivers to improve safety, and enhance services such as vehicle inspection or insurance coverage. AI additionally finds applications in automotive manufacturing, where it accelerates the speed of production and reduces costs.
RevitsOne provides AI-based Fleet Management Solutions
Indian startup RevitsOne presents an AI-powered fleet-management software that is appropriate for fleets of varying sizes. The startup’s vehicle management system supplies insights into velocity, running vitals, and health info. Drivers profit from Voicera ID, a voice-based virtual assistant that helps them keep monitor of the data they need. Additionally, the onboard velocity recorder limits the velocity to discourage harmful driving behaviors.
Apex AI offers an Integrated Automotive Data Management Platform
The US-based startup Apex AI enables automotive companies to implement advanced AI solutions. Apex.OS runs on automotive digital management units (ECUs) and presents sturdy, dependable, and safe APIs to develop autonomous mobility solutions. ApexAutonomy provides modules to build 3D perception, localization, and management to allow autonomous vehicles. Lastly, MARV.Automotive is a configurable and extensible data management platform that reliably transmits data from the vehicle to the cloud.
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6. Big Data & Analytics
The age of huge data and superior analytics informs varied decisions throughout the lifecycle of a vehicle. Data gathered from vehicles allows predictive maintenance, informs managers about their fleets, and alerts involved authorities in case of accidents. Moreover, buyer automotive data finds applications in driving sales, optimizing supply chains, and enhancing product design for newer vehicles. Startups and emerging corporations develop big data solutions to assist automotive manufacturers, in addition to ancillary industries, streamline their operations to maximise their margins.
Procon Analytics delivers Automotive Finance Solutions
The US-based startup Procon Analytics leverages big data to supply an answer for automotive finance. The solution captures hundreds of thousands of data points in real-time and analyzes them to enable lenders to instantly assess and reduce threat. This permits Buy Here Pay Here (BHPH) sellers to expand their companies and lengthen credit to high-risk clients. Further, this additionally provides software solutions for fleet and asset tracking as well as related cars.
Unit8 provides Automotive Big Data Solutions
Swiss startup Unit8 uses huge data and analytics to supply digital solutions for various industries. For the car sector, the startup develops predictive models that encourage car firms to improve advertising or operations and enhance their income. These fashions provide insights into product build, value, as well as after-sales service.
7. Human-Machine Interfaces (HMI)
As self-driving cars and linked automobiles rework the automotive landscape, it will fundamentally change how drivers interact with vehicles. Human-machine interfaces use voice-based or haptic suggestions to function vehicles. These expand the scope of how and what aspects of a car that users control. Consequently, such interfaces make the driving experience safer and more pleasant. Another form of HMI consists of good digital assistants who assist drivers and riders interact with the vehicles and other service suppliers.
Awayr creates Advanced HMI Solutions for Connected Cars & Autonomous Vehicles
The US-based startup Awayr develops human-machine interfaces for vehicles, unmanned aerial vehicles (UAVs), and robots. The startup works with automotive original gear producers (OEMs) to decrease HMI development cycle time and improve the security of interfaces. Awayr additionally builds solutions to administer driver attention in unconventional situations, such as autonomous vehicles that will sometimes want human intervention.
Apostera makes a speciality of Advanced Driver Assistance Systems (ADAS)
German startup Apostera offers a complicated driver-assistance system (ADAS). The startup’s platform combines augmented reality (AR), good camera, and surround-view monitoring to light up the route on turns, curves, slopes in addition to complex junctions. This assists the drivers in maintaining lanes, prevents collisions, and enables autonomous driving options. Moreover, the solution is customizable to any car mannequin or specific OEM necessities.
eight. Blockchain
Blockchain allows multiple applications within the automotive industry. These embrace sharing vehicle data over a safe network for connectivity and shared mobility solutions corresponding to ride-hailing, urban transportation, and deliveries. Moreover, blockchain finds application in verifying the provision chain of spare parts or ensuring that the uncooked materials and spare parts are sourced solely from authorized and trusted sources.
Cube Intelligence builds Blockchains for Autonomous Vehicles
British startup Cube Intelligence develops a blockchain-based security platform for autonomous vehicles. The startup’s know-how makes use of hash codes to block malicious attacks or hacking attempts on autonomous automobiles and connected vehicles. The hardware used gathers real-time data on mobility and emissions. Additionally, Cube Intelligence presents ride-hailing and valet parking services for AVs, as well as sensible parking management systems.
DAV presents a Decentralized Autonomous Vehicle Platform
Israeli startup DAV presents a decentralized autonomous vehicles platform based mostly on blockchain expertise. The platform allows autonomous vehicles to find AVs, service providers, or clients round them. The vehicle-to-vehicle (V2V) communication is either on-blockchain, with good contracts, or off-blockchain utilizing DAV’s protocols. The startup develops protocols for drone charging networks, drone flight planning, and open mobility.
9. 3D Printing
3D printing helps the automotive industry in three primary ways. Firstly, it permits rapid prototyping with 3D printed fashions that accelerate the design and testing phases of manufacturing. Secondly, it permits producers to print spare parts to match their requirements. Lastly, additive manufacturing of composite supplies results in automotive parts which would possibly be lighter, stronger, and extra sturdy.
9T Labs develops Carbon Composites for Automotive Applications
Swiss startup 9T Labs employs additive manufacturing to supply carbon composites for use within the automotive industry. The startup’s design software Fibrify optimizes fiber placement and automates equipment production with additive fusion technology to mass-produce carbon fiber products. The 3D printed composites are more affordable, lightweight, dimensionally secure, corrosion-resistant, and also supply elevated power and stiffness.
Moi manufactures 3D Printed Automotive Parts
Italian startup Moi combines thermosetting composite supplies and 3D printing to manufacture high-performance parts for the automotive industry. Moi uses continuous fiber manufacturing (CFM) know-how, robotic intelligence, and digital fabrication to deposit fibers. As a outcome, the answer is well scalable for producing composites for panels, frames, and inside elements. The startup also serves other industries, such as aerospace, building, and biomedical.
10. Internet of Things
In the automotive industry, IoT enables safe communication between vehicles as well as vehicles and infrastructure parts. The technology improves road safety, solves traffic congestion, and reduces pollution and energy expenditure with better fleet management. Startups and rising corporations develop superior sensing technologies to assemble more data concerning the vehicle as well as enable the vehicle to grasp its environment. The technology additionally automates payments for gasoline and tolls.
EcoG builds an Electric Vehicle Charging Platform
Operating from Germany and the US, EcoG is a startup providing an IoT-based working system and platform for EV charging. The startup offers producers with tools that make the event and maintenance of EV charging infrastructure simple, quick, and scalable. It additionally permits operators to combine services and microservices in the chargers to make the charging course of profitable. In addition, the solution works with any EV charger and permits new features to be shipped throughout the network.
KonnectShift develops IoT-based Fleet Optimization Solutions
Canadian startup KonnectShift supplies IoT solutions to optimize fleet and asset management. The startup develops Konnect – GS01, an automatic digital logging device (ELD) to continuously track vehicular health. The solution consists of route planning and optimization for real-time dispatch, advanced analytics to enable alerts relating to driving, vehicles, and fuel, predictive maintenance alerts to reduce downtime, in addition to developing driver management apps.
Discover all Automotive Technologies & Startups
Additive manufacturing close to production sites, AI-based automated inspections, using huge data to inform design and production, and human-machine interfaces are reinventing the manufacturing processes for automotive players. The push for electric automobiles and driverless cars is strengthened by advancements in machine learning and IoT. These additionally allow new business models in shared ownership of vehicles, analytics-driven maintenance, safety improvements, and insurance coverage. Further, startups and emerging firms develop solutions that enable vehicles to securely communicate and transact over a network.
The Automotive Industry Trends & Startups outlined in this report solely scratch the floor of automotive developments that we recognized during our in-depth analysis. Among others, hybrid vehicles, robotics, and automotive sensor technologies will remodel the sector as we all know it at present. Identifying new opportunities and emerging technologies to implement into your small business early on goes a good distance in gaining a competitive benefit. Get in touch to easily and exhaustively scout related technologies & startups that matter to you.