Top 20 Automotive Technology Companies - 2019

Automotive - 2019 A decade ago, no one would have anticipated driving around towns and cities in a driverless car, but today, that is the reality. With similar technological advancements introducing several innovative techniques in the market, what other transformation could be expected in the functioning of the automotive industry? To begin with, while a vehicle’s primary function—transport—has remained unaltered for all these past years, presently, manufacturers, dealers, and even end-users are majorly concerned and interested in digital capabilities of a car. As digitalization is gradually penetrating the automotive industry, cars have now become tech accessories. Original equipment manufacturers (OEMs) are shifting their focus from hardware to software, customer engagement, and user experience. OEMs are designing and developing software powered by sensor fusion technology that would deliver solutions by integrating and managing incoming data from several car sensors. The data acts as a key enabler in allowing cars to communicate with other on-road vehicles, interpret smart traffic signs, and avoid accidents or traffic jams. Driving monitoring system is one such tool, which is embedded with cameras and sensory devices to monitor driver’s alertness. Apart from sensors and connectivity, automotive AI is another buzzword dominating the automotive market. Developers are working toward exploiting and extracting the capabilities of AI along with deep learning to build software and tools that improve safety and performance. Some of the uses of AI are being employed to develop capabilities around simulation training and testing, image recognition and processing. On the dealers’ front, technologies are used to develop solutions that streamline their business processes such as managing reports and statuses of the vehicles sold and interact with customers to respond to their queries. Along with handling such sensitive and relevant information about a dealer’s business, automotive solution providers are rendering security solutions that protect all such data from falling into fraudsters hands. Vehicle tracking is another safety measure that has been rapidly increasing in the automotive industry. Although being around for almost five to six years, vehicle tracking is expected to witness an upsurge in its effectiveness owing to enhancements and accuracy in GPS devices. Last few years have also seen the rise of optical hardware and software solutions that not only ease up the driving process for all the drivers but also act as a substitute for them by acting as their visual aids. To bring out more such transformative solutions available in the market within the reach of several OEMs, dealers, and customers, a distinguished panel comprising of CEOs, CIOs, VCs, and analysts along with the editorial panel of CIOReview has selected the top 20 Most Automotive Technology Solution Providers of 2019. These automotive solutions providers are hand-picked based upon their rich history and competency as a trusted and dependable partner to the clients. Moreover, these vendors are well-versed with the fluctuating nature of the automotive industry and not just aspire but also succeed at staying updated with the latest trends transforming the automotive sector. We present to you CIOReview’s ‘20 Most Promising Automotive Technology Solution Providers 2019’