The global automotive industry is in a significant growth phase in innovation. Globally the auto industry spends nearly $100 billion on R&D, which is 16% of total worldwide R&D funding for all industries. Modern cars are, in fact, one of the most sophisticated Hi-Tech products ever built.
Check the Automotive Industry Infographic below that highlights some of the key trends that are driving innovations in this industry. Click on the image to see it in full resolution.
We all know that the importance of electrical, electronics and software components in the automotive value chain is growing. This, of course, requires a systems-driven product development approach for managing the complexity of today’s vehicle development process. Check out Siemens’s leadership in the automotive industry and learn how we are helping automakers and suppliers to digitalize their product innovation processes.