Ten technology trends, from cloud and edge computing to immersive reality, could transform the mobility sector, according to partner Timo Möller and coauthors. In our analysis of 3,500 industrial companies that primarily specialize in autonomous driving, connectivity, electrification, and shared mobility, 20 percent of the businesses are already working on products or services related to these ten trends. Within our sample of companies, 64 percent are working on applied AI, making it the leading tech trend by far.
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A bar graph shows the distribution of companies operating in any of 10 top technology trends and their percentage share in each. In descending order of percentage share, they are applied AI, with 64% of companies working on products or services related to this trend; advanced connectivity, with 18%; cloud and edge computing, with 15%; Web3, with 9%; and immersive-reality technologies, with 6%. The remaining 10 top tech trends rate less than 2%.
Footnote: Corporate public filings of 3,500 companies worldwide were scanned for any mention of ~600 keywords linked to trends. Companies were working on autonomous driving, connectivity, electrification, and shared mobility tech or digital solutions, such as online leasing. Some companies were simultaneously working on products and services related to >1 trend.
Source: PitchBook; McKinsey analysis.
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To read the article, see “What technology trends are shaping the mobility sector?,” February 14, 2024.