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Frost & Sullivan's Four Predictions for the Automotive and Transportation Industry

3 pages
Frost & Sullivan's Four Predictions for the Automotive and Transportation Industry PR Newswire LONDON, May 31, 2012 - Key market highlights, global and regional hot spots of the industry, and areas of convergence in a new analysis LONDON, May 31, 2012 /PRNewswire/ -- Frost & Sullivan released the results from its customer survey with several hundred companies conducted in December 2011, executed to find out the top predictions for 2012 for the global automotive and transportation market. Market growth in all regions except Europe, accelerated introduction of plug in hybrid and battery electric vehicles due to increasing fuel prices, mobility and integrated transportation as well as the integration of the smart phone with dedicated application stores and innovative HMI concepts will be the key topics in 2012 and beyond. "Data and opinions of key stakeholders, combined with analysis and commentary from Frost & Sullivan industry experts, have been used to present key market highlights, hot growth topics, global and regional hot spots, areas of market convergence, and bold predictions for 2012," explains Krishnasami Rajagopalan, Global Programme Manager Automotive & Transportation at Frost & Sullivan. The themes outlined below are the key industry predictions in Frost & Sullivan's automotive and transportation research programme for 2012.
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Frost & Sullivan's Four Predictions for the
Automotive and Transportation Industry
PR Newswire
LONDON, May 31, 2012
-
Key market highlights, global and regional hot spots of the industry,
and areas of convergence in a new analysis
LONDON
,
May 31, 2012
/PRNewswire/ -- Frost & Sullivan released the results
from its customer survey with several hundred companies conducted in
December 2011
, executed to find out the top predictions for 2012 for the global
automotive and transportation market. Market growth in all regions except
Europe
, accelerated introduction of plug in hybrid and battery electric vehicles
due to increasing fuel prices, mobility and integrated transportation as well as
the integration of the smart phone with dedicated application stores and
innovative HMI concepts will be the key topics in 2012 and beyond.
"Data and opinions of key stakeholders, combined with analysis and
commentary from Frost & Sullivan industry experts, have been used to present
key market highlights, hot growth topics, global and regional hot spots, areas of
market convergence, and bold predictions for 2012," explains Krishnasami
Rajagopalan, Global Programme Manager Automotive & Transportation at Frost
& Sullivan.
The themes outlined below are the key industry predictions in Frost & Sullivan's
automotive and transportation research programme for 2012. Another key
driver for the research is the work Frost & Sullivan has been conducting around
Mega Trends which are driving new and emerging market segments for key
industry participants.
According to the survey, automotive and transportation industry participants
expect that the auto market in 2012 will grow in all regions of the world by 5 –
10 per cent except
Europe
, where it is estimated to decline by 7 – 8 per cent.
It is also expected that increasing fuel prices will accelerate the introduction of
plug in hybrid and battery electric vehicles. In 2012 alone, the industry will
witness about 15 new electric vehicle launches in the global market.
Mobility and integrated transportation are going to be the key trends defining
the long term strategy and outlook of the automotive industry. New business
models such as car sharing and integrated urban mobility as well as electric
vehicles will create new business opportunities.
Transport companies like NS (Nederlandse Spoorwegen) in
the Netherlands
and
leasing companies like LeasePlan have already started to offer integrated
mobility services to its customers and regard them as a channel to generate
recurring revenue and a tool to increase the penetration and customer
satisfaction.
From a technological point of view, integration of smartphone will also help
bring seamless connectivity inside cars, driving the next gen connected
infotainment services and auto centric application stores. In car connectivity
plays a crucial role in connected navigation, offering services like eco driving,
dynamic routing, real time traffic information and plethora of other services
which are crucial for offering an effective integrated mobility solution. With the