Trending Investment – Smart Car Technology
Lately, there’s been a lot of talk on the Internet about how the global demand for cars will sharply decline in the coming years and how the internal combustion engine might soon be a thing of the past. But at the same time, it seems that a new trend is all set to take over the automotive world. In fact, it’s a trend experts have been investing in already for the past few years.
If you haven’t guessed it yet, we’re talking about “Smart Car Technology.” Technically equipped automobiles and their usage is rapidly evolving, which implies that the demand for such cars has already picked up pace globally. Let’s delve a little deeper.
Why investors are turning to smart cars
There are two major reasons why people are investing in smart car technology.
The first is that even though the demand for cars, in general, is coming down (as pointed out earlier), fewer cars doesn’t mean people will stop traveling in personal four-wheelers altogether. This is especially not going to happen in the developed world, where more than 75% of households own cars.
The kind of cars they use can (and in all probability will) be different though, and vehicles will continue to evolve with newer models replacing the existing fleet. This essentially means that the companies that supply technology to these vehicles will continue to benefit from the increasing demand for the latest tech used in future cars.
The second reason is that automobiles are evolving towards safer, more connected, and less polluting avatars. The demands being made by consumers and regulators are having a significant impact on how cars are designed with each passing year.
The components are now becoming more integrated, complex, and much lighter in weight. This implies that the higher intellectual property content is translating into a bigger difference amongst component systems and larger pricing power for the manufactures. As a company gains more power over its products, naturally, potential investors get interested in them.
The pandemic has added another layer of complexity to investors of the mobility industry. During this time of uncertainty, it is essential for all stakeholders, including tech giants, incumbents, and investors, to better understand the dynamics of the market.
This can be done by analyzing the investments being done in the underlying technologies. In simpler words, the ideal way to understand the current highly volatile mobility market is by following the investment being done and keeping up with the upcoming technology.
More in Pocket Change
How to Make To-Do Lists Work For You and Get Things Done
When you’re overwhelmed with so much stuff to do, one of the ways most people turn to organize their life is...February 17, 2021
Career At A Dead-End? Here Are 6 Expert Tips To Help You Relaunch Your Career
If you have decided to leave your current job behind with the hope of doing something that matters more, the first...February 11, 2021
Seven Mortgage Tips For Smart Borrowers With Bad Credit
Are you seeking advice to refinance your mortgage? Refinancing with bad credit is no more a matter of concern. With significant...February 5, 2021
Kelly Clarkson Reduces L.A. Mansion asking Price By $1 Million
2002 marked the year that Kelly Clarkson won American Idol, and ever since then, every playlist remains incomplete without a couple...February 2, 2021
Mark Cuban’s Top 5 Financial Wellness Tips
Before becoming a billionaire, Mark Cuban remembers the struggle in his 20s when it would be difficult to make ends meet....January 28, 2021
Shopping For New Windows? You Need to Have a Look at These Tips First
When redecorating your home, revamping the windows is one of the most crucial steps. A simple enhancement of the windows and...January 22, 2021
This Small Investment Will Set Your Career
In 2020, many people struggled with their careers. Millions globally even lost their jobs, and Singaporeans were no exception. Therefore, SAP...January 22, 2021
Tesla Enters S&P 500 Stocks – Here’s What You Need to Know!
Even though the U.S. economy entered a downturn recently, the securities exchange has been on fire. And one of its breakout...January 20, 2021
Is Valedictorian Enough to Succeed in Life?
In the modern world, especially in less developed countries, students are gauged and valued upon their school performance. This is ofttimes...January 19, 2021