The automotive sector is one of the world’s largest industries and is a highly complex market characterized by constant challenges and technological innovations.
Automotive firms need to spend more on new technologies such as connectivity, driving automation, shared mobility, electrification. Simultaneously they need to continue investing in ICE (Internal Combustion Engine) technologies for efficiency, reducing emissions for a few more years. Also, they need to plan other technology investments as lightweight, hydrogen, more safety, security, and other new features.
Driving towards the future: the automotive industry’s race for innovation and cost optimization. The profound changes affecting the automotive industry as well as the high competitiveness of the sector, and the need to optimize costs have led manufacturers to accelerate the pace of innovation and minimize product time-to-market.
After the health crisis, governments launched massive investment plans to support the development of electric and hydrogen technologies and the associated services and infrastructure.
Several digital giants (e.g. Apple, Foxconn, Xiaomi) have confirmed the launch of their electric car projects. Today, Tesla’s stock market valuation exceeds that of all other manufacturers combined.
In order to remain competitive, traditional manufacturers and their suppliers are moving to control their value chain: relocation of strategic production (batteries, semi-conductors, etc.) and internalization of software development related to smart mobility.
Philodesigntech, a major player in the automotive sector Philodesigntech supports its customers in the industry’s priority challenges, including
Our know-how in automotive engineering, the quality of our project management methodologies (CMMI level 3 since 2013) and the performance of our international R&D structures position us as a technological partner.
