We have prepared a series of research reports on the new generation of companies across several sectors around the globe. Our coverage includes 11 industries that have been affected the most by cutting-edge technology and are likely to shape the international economic landscape of tomorrow. This series is to be presented during the World Innovators Meet 2019, an annual event that gathers global leaders from a variety of fields at the heart of Beijing.
In this report, EqualOcean sheds insight upon the most significant trends in the automotive industry and carefully selected fifty potentially game-changing startups. Here are some of the key highlights of this report.
‘Peak car’ has been reached, evident in stagnant car sales worldwide and reaffirmed in the increasingly weakening relationship that consumers have with the notion of car ownership.
The coming together of new trends in transportation and mobility and traditional automakers is radically disrupting the auto sector at large and forcing established OEMs to completely change their business models. This will also transform the auto value and supply chain.
Major internal drivers (electrification, connectivity, digitalization, and autonomous driving) are, together, with external drivers (consumer preferences, economy, governmental regulation) opening doors and lowering barriers-to-entry for new entrants.
Venture capital for startups have cooled down in the past year, but interest in the auto and mobility areas have not subsided as much.
The electric vehicle is estimated to reach price parity with ICEs by 2030.
Shared mobility and autonomous driving will be developed hand-in-hand, as new tech startups increasingly enter into the auto market.
Next Global Tech 50: Automotive and Mobility
There are a large number of aggressive upstarts that are highly likely to win within their chosen verticals in the near future.
EqualOcean has compiled a global list of young startups in the auto sector that, according to our analysis, have a strong chance of growing into leading global enterprises, by leveraging high technology in their respective submarkets.