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The automotive industry is developing faster than anyone had imagined. From technological advancements to integrating artificial intelligence, it all seems possible with autonomous vehicle development. The best thing about this development is that it hasn't changed the traditional market much.
You still get to interact with manufacturers who design and produce cars that aren't technologically advanced. While also finding manufacturers easily who are professional at integrating industrial automation, machine learning, and advanced navigation software. Companies worldwide prefer the latter option for their automotive development as it is more beneficial than the traditional route.
Are You Looking for Automotive Development Services?
Geolance is in the business of helping companies make better decisions. That means we help them figure out what data they need and how to use it to improve their products and processes.
Our team has decades of experience working with automakers, suppliers, technology companies, and startups worldwide. And we know that every company is different – so our approach is always tailored to your unique needs.
You can rest easy knowing that you've got a partner who will work closely with you throughout the entire process – from initial discovery through implementation and beyond.
With Geolance on your side, you can focus on doing what you do best while taking care of everything else! It doesn't matter if your company is large or small; new or established; located in Detroit or Dubai - we have a solution for everyone! Let us show you why more than 1/3rd of our clients are repeat customers!
What Is the Automotive Industry Growth?
The automotive sector is not afraid of taking chances when it comes to advancements! Ever since the first car was driven down a road, industry leaders have been making efforts to improve the technology and make driving a better experience for everyone.
The 21st century has been suitable for the industry as it provides better vehicle data for research centres to design next-generation cars. With the help of new technologies and business models, the automotive industry is aiming for digitization, designing autonomous vehicles, and revolutionizing other sectors.
The industry is showing so much potential that businesses are willing to risk their significant investments. Just like the computer and IT industry, they notice how artificial intelligence and machine learning are changing automotive for the better.
Not only that, but the potential of future growth is also a significant factor in attracting major investments from leading companies in the industry. What we are seeing today in the automotive sector is only the tip of the iceberg!
Advancement of Autonomous Vehicles (AVs)
The AV industry is still in its infancy but expected to grow exponentially over the next decade. According to the PwC survey, there are already nearly 100 companies developing AV technology, partners working on AV initiatives, or providing related components and services across industries worldwide.
With that many players in this market, standardization is needed to be confident their solution works with other objects out there. In addition, being nictating with other sensors gives cars better situational awareness, helping AVs navigate roadways more safely and efficiently with autonomous driving.
Taking it one step further, the transportation industry is also investing in electric vehicles, cyber security, vehicle-to-everything (V2X) communication, enabling AVs to communicate with surrounding cars, infrastructure, and even pedestrians.
Everyday objects such as cars can collect data from sensors and send it back to their manufacturers or other third-party companies. Those companies can use this information for different purposes such as services provisioning, product improvement, technology development etc.
Connected Cars in Automotive Industry
The connected car is a new and vital focus for the auto industry. As consumers demand more excellent connectivity and improved user interfaces, manufacturers are pressured to provide it.
The Mercedes Benz C-Class has been titled the "most connected car" by research firm ABI. This vehicle can connect to broadband through either the mobile network or the Wi-Fi hotspot of a smartphone tenant.
A blockchain platform such as Car eWallet facilitates revenue streams from data monetization and provides cryptographic security for decentralized exchange of this data between multiple actors in real-time.
Blockchain technology offers opportunities for users to sell information without making their privacy vulnerable. No one can see the bank account details in a blockchain environment. You become a node in the network that collects data and then sells it to other customers.
Internet of Things (IoT)
The Internet of Things Machine-to-Machine (IoT M2M) communication standardization will enable interoperability between IoT devices, mainly as M2M applications include telematics, fleet management, transport teleoperation, asset tracking, utility metering, etc.
Industry 4.0 and More
Industry 4.0 is a common term used in industrial automation to express the vision of a new industrial revolution driven by an ecosystem of interoperable intelligent machines, creating smart products and systems through integrated processes.
The German government first introduced it to improve manufacturing processes across various industries, including connected cars.
Stages of Industry 4.0
Industry 4.0 can be seen as an initiative that consists of three stages:
1- Smart factories which use cyber-physical systems (CPS) to achieve higher efficiency with lower costs and waste
2- Future Internet for data sharing between companies and stakeholders involved in any production process
3- Networked Industry as a foundation of the first two stages
Networked Industry initiatives include :
- Standards and Interoperability
- Open communication between machines/devices/systems
- Secure identification technologies for authorizing access to company data
- A new generation of communication protocols manages large amounts of data at high speeds over long distances.
OPC UA (OLE for Process Control)
OPC UA (OLE for Process Control) is another crucial communication standard in Industry 4.0 developed by OPC Foundation. It focuses on process automation systems such as SCADA / PLC (Supervisory control and data acquisition/Programmable logic controller).
OPC UA uses JSON-RPC messaging protocol for communication between devices/methods on top of HTTPS. It addresses some of the shortcomings of previous OPC versions while providing extended functionalities such as flexible structure for new data types, native support for streaming binary data, increased security with authentication and encryption based on transport layer security (TLS) 1.2. A cryptographic protocol provides communications privacy over a computer network using cryptography.
Connected and Autonomous Vehicles
CAVs are the future of automotive development. The main reason for this is that they can reduce accidents caused by human error, and not to mention that these CAVs will be able to choose from a range of pre-defined routes all on their own.
For example, BlackBerry QNX has been working on autonomous software for over a decade, and Magna International is one of the largest global suppliers of advanced driver-assistance systems.
The Government of Ontario is also doing its part to support this burgeoning auto industry. Last year, it committed $80 million over five years to help develop and commercialize CAV technologies.
Electric Vehicles in Canada's Automotive Sector
It's no secret that the automotive industry is changing. With the advent of electric cars, Canada's automotive sector is changing too. Major car companies are investing in electric vehicle technology, which has a ripple effect throughout the province in terms of economic development.
In Windsor, for example, former auto parts factories are being repurposed to build electric vehicles. The city is home to a new Tesla factory, and other companies are moving in to take advantage of the burgeoning market. This is creating jobs and bringing investment to the area.
Meanwhile, there is a growing cluster of firms specializing in advanced automotive technologies in Toronto. These companies are working on everything from self-driving cars to augmented reality windshields. They're attracting top talent and making the city a destination for the automotive industry.
A Talented Automotive Workforce
Ontario hosts 12 leading universities and 24 colleges with car-focused courses. On average, the workforce stays with the company for almost nine years.
Lexus and Lincoln's vehicles are produced here because creating high-end, prestige brands requires dedication and attention to detail. Ontario is proud to welcome the world's most delicate and brightest to Ontario, driving advancement in the automotive cluster.
We solve this problem by developing a solution that enables data synchronization between different stakeholders without compromising privacy.
By creating an ecosystem where participants can securely share their data with other participants, we are helping the industry to work together to develop innovative use cases through collaboration.
Driving Prosperity: The Future of Ontario's Automotive Sector
For many Ontario families, automobiles are a vital source of earning potential. It's a significant factor in economic development. Ontario has grown to the nation's top automotive sector in the United States with almost two million car sales, and annual growth is estimated to hit 1.26 billion.
A global competitive environment exists for mining production with a market at a record high. Industries and provinces will provide the right conditions to operate in an environment where growth innovation is encouraged, and businesses adapt to new global trends.
It signals Ontario's firm openness to enterprise on the market. Our federal government plans to eliminate bureaucracy as the economy evolves across the country, ensuring job creation.
Why Ontario? Track Record, Technology and Talent
North American restructuring is an issue of critical importance in Ontario's auto sector. This initiative will prepare the automotive sector on its path to booming growth while aiding the country's economic development.
Talent has gained popularity as a tool in companies that develop and compete for customers with a vast base of expertise. Ontario has already acquired the expertise industries are interested in and wants to have people who have emerging technical abilities for car construction.
It would range from fabrication to machine learning and anything in between. Ontario attracts big investor dollars into car technologies that are rethinking transportation.
Ontario has established a global network of automotive assembly, components and manufacturing centers serving international customers for over a century and is well established.
Automotive experts in Ontario span a broad area of experience that includes prototypes, test engineering, and automation products. Breakthrough products produced by Canadian Research University & Engineering will impact connected vehicles, driverless cars & hybrid power trains.
Trade and Export
Automotive manufacturing in Canadian markets makes up almost half – tens of millions of dollars in economic activity in North America. The Canadian manufacturers produce over 95 percent of vehicle production, and 55% of automobile parts originate here.
Canada has 14 current and influential international trade and monetary agreements, and it has market access to 50 countries, and 1.5M people live in this region.
In addition, the Canadian government has opened its doors onto China's broader global markets and is seeking to expand on this partnership by significant investments, which commenced in December 2018. Canada's economy depends on trade on overseas goods.
Geolance for Automotive Development
Let us help you maximize your return on investment by leveraging our expertise in big data analytics, machine learning, artificial intelligence (AI), predictive modelling, simulation modelling and more! Post a project today to work with our best professionals and get ahead of the competition using these innovative technologies!
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