Auto giants' investing in emerging tech an irreversible trend: MIC at COMPUTEXForum

With the advent of auto-technology, Market Intelligence & Consulting Institute (MIC) emphasized that global traditional car factories are accelerating their investment and R&D capabilities in developing three trends: electrification, smart-capabilities, and service-oriented tech.

MIC's senior industry consultant and substitute director Hung Chun-hui made the remarks while speaking at the COMPUTEX Forum 2021 online, which was hosted by the Taipei Computer Association. The forum concentrated on topics such as future automotive technology, semiconductors, artificial intelligence Internet of Things (AIoT), 5G communications, information security, new ventures, and other trends.

Hung believes that with the expansion of the global 5G infrastructure, the Internet of Vehicles (IoV) ecosystem will gradually mature alongside the emerging technology. Body integration is the main axis of the future development of the automotive industry.

Traditional car manufacturers were primarily investing in electric vehicles and deploying charging stations, and also in autonomous driving technology through emerging technologies including artificial intelligence, immersive technology, and human-machine interactive interface (HMI); As the global 5G infrastructure is widely deployed, the Internet of Vehicles related services will rise, and the ecosystem will gradually mature.

In response to changing trends in the automotive industry, Hung pointed out that automakers, tier 1 automotive parts suppliers, high-tech suppliers, are integrating software and hardware solutions, including software compatibility, and chip integration while developing towards modular design.