AUTOMOTIVE
INDUSTRY

PDSVISION enables end-to-end digital data definition and processes

The automotive industry is undergoing rapid change

The automotive industry is experiencing unprecedented change. Technologies such as connectivity, autonomy, shared mobility and electrification are rapidly changing the automotive landscape and increasing the complexity of automotive products. These changes bring many challenges to automotive manufacturers and service providers.

Get in touch

The introduction of autonomous driving technology has added another layer of complexity

New regulations, changing consumer preferences and technological progress

One of the biggest challenges is increasing competition as companies strive to meet consumer demand for affordable, efficient, and technologically advanced vehicles. This requires car manufacturers to stay ahead of the curve in engineering, manufacturing, service, sales and marketing, and other aspects of automotive production. Another challenge is the need to improve operational efficiency to maximize revenue while reducing costs.

In response to these challenges, automotive companies are investing heavily in research and development (R&D) to remain competitive and take advantage of new technologies. Automakers are also focusing on improving efficiency through automated processes and lean manufacturing techniques to reduce costs while increasing production levels. In addition, they are developing new product designs that meet the increasingly stringent environmental regulations of various governments around the world.

Main challenges

Retention of talented workforce
Less vehicle sales
Self-Driving
Disrupted supply chain
Shift from ownership
Change in customer behavior
Connectivity & autonomy

Industry Insights

Automotive

The emergence of shared mobility solutions has also opened up a new market segment that car manufacturers must consider as they develop their strategies for the future. Companies must now focus on developing vehicles that provide users with a safe and enjoyable experience while optimizing operations through the use of connected technologies such as mobile networks and GPS navigation systems. The introduction of autonomous driving technology has added another layer of complexity to vehicle production that manufacturers must address to remain competitive in this rapidly evolving industry environment. By staying ahead of trends, thoroughly understanding customer preferences, using new technologies wisely, and optimizing processes effectively, automotive companies can meet today’s biggest challenges and set themselves up for tomorrow’s long-term success.

PLM can help