Everybody wants it. So why is it so hard to get?
Let’s take a closer look at the challenges posed by these trends and what they mean to companies like Aptiv moving forward.
Challenge #1: Stagnating safety statistics.
There is no denying we have come a long way in the realm of automotive safety. The number of traffic fatalities have gone down dramatically over the past five decades—from five per million miles in the 1960s to just one per million miles today.
The problem, however, is that we have gone as far as we can go with passive safety systems like seat belt and air bags. Over one million people around the world still die in vehicle related accidents every year and the overwhelming percentage of those deaths are caused by one thing: human error.
What the safer megatrend means for automakers?
In two words: safety automation. Scalable advanced safety solutions like blind spot detection, adaptive cruise control, and automatic emergency braking (AEB) are just the first active safety steps toward eliminating virtually all driver error, saving over one million lives and 40 million injuries every year. One major key to sustainability for automakers in the next decade and beyond? Making a significant investment in the advanced active safety technologies that will help save drivers from themselves and each other.
Challenge #2: Increasingly stringent emissions standards.
Air pollution is another challenge no company (or country) hoping for sustainability can choose to ignore. With the typical passenger vehicle on the road today emitting 4.6 metric tons of CO2 every year, it’s easy to see why air pollution is the number one environmental cause of death in the European Union. This global crisis needs to be addressed, now, and that’s why around the world emission regulations are becoming increasingly stringent to help improve air quality and reduce transportation environmental impact on the planet.
What the greener megatrend means for automakers.
We only need one word here: electrification. Slated to be a more than $10 billion market by 2025, electric vehicles will dramatically reduce transportation CO2 emissions, which account for 15 percent of global totals. Automakers looking for long-term sustainability are investing in a portfolio of high-voltage electrification solutions to meet this rising demand.
Challenge #3: Changing consumer expectations.
Urbanization and consumer expectations have completely changed the game for automakers. By 2025, six billion smartphones will be in people’s hands, replacing the PC as the “go-to” connected device for consumers. They are demanding the same connected, digital experience in their vehicles that they now have with their phones, posing a huge challenge to automakers who want to provide an optimal in-cabin experience without adding potential driver distractions.
What the connected megatrend means for automakers.
Good intentions are not good enough.