Since 1913, the U.S. automotive industry has seen tremendous innovations, from the combustion engine to power steering. Key long-term trends are underway in the automotive industry and there will be a major transformation over the next decade.
The automotive industry accounts for nearly 3.5% of the U.S's GDP. In 2018, the motor vehicles and parts dealers industry contributed approximately $256.2 billion to the U.S economic growth and the automotive market is predicted to hit 6.7 trillion US dollars by 2030.
CASE - Connected, Autonomous, Shared, Electrified.
Over the next decade, the automotive industry will undergo a major transformation and the combination of CASE alone will boost the automotive market to $1.5 trillion by 2030.
Automobiles with CASE innovations work in tandem as the industry's potential will steadily rise in upcoming years.
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