April 22

2024 Emerging Tech Trends Redefining the Future – Pt. 5

Welcome to Part 5 of this series on the emerging tech trends of 2024! Read part 1.

Emerging Trends in the Electric Vehicle Industry for 2024

In 2023, the electric vehicle (EV) industry has continued to expand and evolve, driven by increasing environmental concerns, advancements in technology, and supportive governmental policies. This dynamic sector is not just surviving; it is thriving, with significant growth in market size and technological sophistication. As the EV industry progresses into 2024, it is shaped by several key trends that reflect both broader adoption across various segments and notable technological advancements. These trends provide insights into the future trajectory of the EV market and its role in the transition towards sustainable transportation.

  1. Growth in EV Sales: Contrary to some predictions of a downturn, the electric vehicle market is expected to continue growing. This sustained growth, albeit at a more moderate pace, is supported by continuous innovations and a widening acceptance of EVs across different market segments. (Statista)
  2. Technological Advancements in EVs: Electric vehicles are becoming increasingly integrated within broader smart ecosystems. This integration enhances connectivity with other digital platforms, such as smart home devices, facilitating real-time updates on traffic and weather conditions. This trend signifies a shift towards vehicles that are not only autonomous but also seamlessly connected to the user's digital life. (Automotive World)
  3. Expansion of the Used EV Market: The market for used electric vehicles is expanding, driven by lower prices and supported by favorable policies such as the U.S. Inflation Reduction Act. These developments are making electric vehicles more accessible, thereby encouraging broader adoption. (Edmunds)
  4. International Market Dynamics: Chinese EV manufacturers are increasingly looking to global markets, with a significant push into European territories. This expansion is fueled by competitive pricing and enhanced vehicle quality, challenging established automotive markets and reshaping global competition. (Bloomberg)
  5. Advancements in Battery Technology: The industry is witnessing a shift towards Lithium Iron Phosphate (LFP) batteries, which are safer, have longer lifespans, and are more cost-effective. Major companies like Tesla are at the forefront of this transition, aiming to make EVs more affordable through technological improvements. (GreenTech Media)
  6. Developments in Charging Infrastructure: There are ongoing significant investments in EV charging infrastructure to enhance accessibility and convenience. This includes the expansion of high-powered charging networks across North America and the integration of charging capabilities at traditional gas stations, addressing one of the largest barriers to EV adoption. (Inside EVs)

These trends underscore the dynamic nature of the EV industry as it continues to evolve and adapt. Technological innovation and strategic market expansions are expected to remain central themes in the discourse on sustainable mobility and the transition towards environmentally friendly transportation solutions.

Emerging Trends in Vehicle Communications for 2024

The emerging trends in vehicle communications for 2024 are primarily focused on advancing connectivity, ensuring cybersecurity, and enhancing the integration of advanced driver-assistance systems (ADAS). These trends are being driven by a combination of technological advancements, regulatory pressures, and consumer demands.

Firstly, the integration of ADAS is accelerating, with significant investments flowing into the development of technologies such as adaptive cruise control, lane-keeping assist, and automated parking. These systems are increasingly relying on the synergy of artificial intelligence, machine learning, and advanced sensor technology, pushing the vehicles closer to autonomous capabilities while also enhancing safety and driving efficiency (Tremend) (Blog | RGBSI).

Secondly, cybersecurity remains a critical focus as vehicles become more software-defined. Manufacturers are implementing robust security frameworks, like zero-trust architectures, to protect against both external and internal threats. This involves securing the communication channels within the vehicle and with external networks, which is essential for maintaining the integrity and privacy of vehicular data (IBM - United States).

Additionally, the automotive industry is seeing a trend towards centralizing vehicle computing systems. Companies like Qualcomm and Bosch have introduced central vehicle computers that integrate both infotainment systems and ADAS functionalities. This not only simplifies the vehicle’s electronic architecture but also helps in reducing costs and improving performance by centralizing the control and processing of multiple vehicle functions (Telematics Wire).

Consumer preferences are also shifting towards vehicles equipped with these advanced technologies. There is a growing expectation for vehicles to offer digital conveniences and connectivity features that align with the user-friendly interfaces found in consumer electronics. This includes AI-powered infotainment systems that can personalize driving experiences and enhance interaction through voice commands and intuitive controls (Avenga).

Additionally, the use of multimodal fusion techniques in autonomous vehicle perception is gaining traction. These techniques involve combining data from various sensors like cameras, radar, and LiDAR to improve the accuracy and reliability of object detection systems in vehicles. This is particularly crucial for enhancing the vehicles' ability to understand their surroundings in three dimensions, which is fundamental for autonomous driving technologies (MDPI).

Cybersecurity is another critical area of focus. As vehicles become more connected and reliant on software, protecting them from cyber threats has become imperative. The automotive industry is working towards strengthening the security frameworks to shield against and mitigate potential cyber attacks, which could compromise vehicle functionality and user privacy (CyberTalk).

These trends underscore a broader movement towards more connected, secure, and technologically sophisticated vehicles that promise to transform the driving experience while preparing the groundwork for future autonomous.

Emerging trends in open-source software for 2024

In 2023, the open-source industry has continued to thrive, driven by an ever-increasing engagement from corporate entities, significant advancements in technology, and a stronger focus on community-driven innovation. This growth reflects a fundamental shift in how technology is developed, deployed, and maintained, with open-source software (OSS) becoming integral to numerous industries and sectors worldwide. The burgeoning influence of open source is further highlighted by the strategic establishment of Open-Source Program Offices (OSPOs) in major organizations, which manage and streamline the use of open source resources. As we move into 2024, several transformative trends have emerged, underlining the critical role of open-source software in shaping the future of global technology strategies.

  1. Increased Corporate Support: Open-source software continues to witness robust adoption within the corporate sector. According to the Open Logic’s 2023 Open Source Report, a significant 80% of companies indicated an uptick in their open source usage from the previous year, underscoring the community’s vibrant expansion and its role in driving corporate innovation through collaboration and transparency. (OpenLogic)
  2. Widespread Adoption of AI and ML: The adoption of AI and ML technologies within the open-source community is increasing rapidly. A recent survey by GitHub indicated that 92% of developers are now using AI-powered coding assistants, which facilitate more efficient coding practices and support complex problem-solving tasks. (Github blog) Moreover, the integration of these technologies brings to light important ethical and legal challenges, particularly regarding intellectual property rights as ML models often utilize open source projects as foundational training data.
  3. Greater Focus on Security: As the deployment of open-source software expands, so too does the emphasis on security. The 2023 Open Source Security and Risk Analysis (OSSRA) Report from Synopsys revealed that 87% of the codebases it examined included security and operational risk assessments, reflecting a growing recognition of the importance of securing open source software environments. (Synopsys)
  4. Rising Adoption of OpenZFS: OpenZFS, an advanced file system and volume manager known for its data integrity and scalability, is seeing increased usage particularly within cloud and data center contexts. This trend highlights the ongoing search for robust data management solutions in high-demand environments. (Klarasystems)
  5. Increased Corporate Sponsorship and Expansion of OSPOs: Corporate sponsorship of open-source projects remains a critical factor in ensuring their sustainability and fostering community engagement. Parallel to this, the proliferation of Open Source Program Offices within companies highlights a maturing approach towards managing open source engagements and ensuring compliance and strategic alignment with business objectives. (Klarasystems)
  6. Diverse Applications Across Industries: Open-source software is increasingly found across various sectors such as healthcare, finance, automotive, and education, driven by its cost-effectiveness and adaptability. This diversification is indicative of the broadening appeal and utility of open source solutions in meeting industry-specific challenges. (OpenLogic)
  7. Emphasis on Sustainable OSS Development: The sustainability of open source projects is receiving more attention, with efforts focused on securing funding, enhancing mentorship programs, and improving project documentation to ensure long-term viability. (Klarasystems)
  8. Open-Source Software in Education: Educational institutions are progressively embracing open-source tools for instructional and research purposes. This not only provides students with practical, hands-on experience but also encourages active contributions to the open source ecosystem. (Oaresources)
  9. Strategic Implications and Future Prospects of OSPOs: The establishment and growth of OSPOs within organizations mark a strategic shift towards more structured management of open-source resources. These offices play a pivotal role in governance, guidance, and community engagement, ensuring that open-source practices align with organizational strategies and compliance requirements. As businesses continue to leverage open source for digital transformation, the role of OSPOs is expected to expand, emphasizing cross-industry collaboration and leadership in open standards development. (Linuxfoundation)

In conclusion, the role of open-source software in 2024 is characterized by dynamic growth and strategic integration into core business functions. Through sustained innovation and community-driven development, open source continues to be at the forefront of technological advancement and organizational transformation.


You may also like

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}

Subscribe to our newsletter now!