While other industries, such as telecommunications or mobile phones/handsets, have already been disrupted, the automotive industry has seen very little change and consolidation so far. For example, only two new players have appeared on the list of the top-15 automotive original-equipment manufacturers in the last 15 years, compared with ten new players in the handset industry. The speed of adoption will be determined by the interaction of consumer pull and regulatory push, which will vary strongly at the regional and local level.
- By specifying common data models and incorporating existing and emerging Web standards, we can accelerate the market for next generation applications.
- However, due to fierce competition in the domestic car market not always have manufacturers and retailers been able to pass these costs on to end-users.
- These were the 15 largest manufacturers by production volume in 2017, according to OICA.
- Oliver Wyman supports leading auto manufacturers and suppliers