Automotive and Transportation Overview

The global automotive and transportation industry is undergoing a profound transformation, primarily driven by three disruptive forces: electrification, connectivity, and autonomy. These trends are redefining traditional revenue models and paving the way for new business opportunities.

Electric Vehicles (EVs) have gained considerable momentum, now accounting for nearly 20% of global new car sales. This marks a significant milestone in the shift away from internal combustion engine (ICE) vehicles. However, despite this growth, the EV segment still represents a relatively small portion of overall automotive revenues, as ICE vehicles continue to dominate in many markets, especially in developing regions. Yet, with ongoing government incentives, battery cost reductions, and rising consumer demand, the EV share is expected to rise rapidly over the next decade.

Meanwhile, connected vehicles and autonomous driving systems are emerging as high-potential segments. Although they currently contribute a smaller slice of the revenue pie, these technologies are laying the foundation for data-driven services, real-time telematics, and intelligent mobility solutions. As 5G connectivity expands and AI-enabled sensors become more advanced, these areas are expected to grow exponentially.