The automotive aftermarket is poised for transformative growth, with global investments in CASE (Connected, Autonomous, Shared, and Electric) technologies projected to exceed $1 billion annually by 2025. This shift is driven by advancements in retrofitting solutions for digital and electrification needs, as well as strategic collaborations targeting electric vehicles (EV), connected cars, and autonomous vehicle technologies. Regions like North America, Europe, and China are leading the adoption, with original equipment suppliers embracing predictive maintenance tools, AI-driven diagnostics, and technician training programs to address the complexities of maintaining CASE vehicles. Despite challenges such as high R&D costs and cybersecurity risks, this evolution is unlocking new revenue streams through data monetization, over-the-air updates, and standardization efforts, setting the stage for a more integrated and sustainable automotive aftermarket ecosystem.
How is your organization adapting its aftermarket strategies to address the evolving needs of CASE vehicles across key regions?
Industry Snapshot
- The connected and autonomous driving data-related subscription services space is projected to grow significantly, with an estimated opportunity size of over $500 million to $1 billion within the next 5 years.
- Subscription services in the connected and autonomous vehicle domain, like over-the-air (OTA) updates and data-related maintenance, are projected to reach between $500 million and $1 billion within the next 5 years.
- By 2030, it is expected that over 75% of technicians will need advanced CASE-related skills, facilitated by augmented reality (AR) and virtual reality (VR) technology for hands-on training.
Source: Frost & Sullivan
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Transformative Megatrends
Leveraging CASE innovations to drive operational efficiency, streamline vehicle maintenance, comply with evolving regulations, and tap into new regions, while optimizing automotive workshops through predictive maintenance and advanced technician training.
Disruptive Technologies
Prioritizing innovations by leveraging predictive insights, fostering strategic partnerships, and embracing collaborative ecosystems to redefine service models, empower equitable growth, and adapt to evolving consumer demands and technological advancements.
Industry Convergence
Leveraging CASE technologies to bridge automotive, technology, and service sectors to create innovative solutions, redefine aftermarket strategies through digital transformation and workforce upskilling, and build partnerships that directly address the dynamic and evolving expectations of modern customers.
What strategic imperatives is your team focusing on to adapt to disruptive technologies and transform the aftermarket while meeting evolving customer expectations?
Download now to explore how OE suppliers are navigating CASE aftermarket challenges with detailed benchmarks and future strategies.
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