The automotive industry is a rapidly developing sector. Technology trends will revolutionize how industry players respond to evolving consumer behavior, develop partnerships, and drive transformational change. The forces behind four disruptive technology trends in the automotive sector are diversified mobility, autonomous driving, electrification and connectivity. Say no to plagiarism. Get Custom Essay on “Why Violent Video Games Should Not Be Banned”?Get Original Essay The automotive revenue pool will increase significantly and diversify towards on-demand mobility services and services based on the data. This could generate up to $1.5 trillion, or 30%, in potential additional revenue in 2030, compared to about $5.2 trillion from traditional car sales and aftermarket products/services, a 50% increase per year. compared to around $3.5 trillion in 2015. Diversified Mobility Changing consumer preferences, increased regulation and technological advances are adding up to a fundamental shift in individual mobility behaviors. McKinsey predicts that by 2030, 1 in 10 cars sold could be a shared vehicle. There are signs of decline in homeownership and this trend is expected to continue and even accelerate in the coming years. Mobility providers such as Uber and others will allow consumers to simply rent a (shared) car as an on-demand service, specifically for their intended use and for a travel itinerary or period of set time. Ownership is expected to be less and personalization of the car will be achieved through modularization and via flexibly configurable software with personal profiles. As a result, the traditional business model of selling cars will be complemented by a range of diversified, on-demand mobility solutions. Thus, more and more automobile manufacturers are now rethinking their positioning, which consists of presenting themselves as mobility providers and not as simple vehicle manufacturers. But as the automobile grows in the field of mobility, new players appear as competitors: for example, Apple, one of the leaders in mobility, enters this category. Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get personalized test In this context, automotive suppliers must find ways to add unique value to consumer mobility, day in and day out. This could be done by becoming a broader mobility provider, from selling cars for purchase to facilitating carpooling, or even partnering with public transport in cities where resources are underutilized or do not have suitable transport facilities at all..