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Beyond the COVID-19 Crisis: Frost & Sullivan’s 2020 Intelligent Mobility Summit to Highlight Role of Digital Transformation in Mobility Industry’s Future

Beyond the COVID-19 Crisis: Frost & Sullivan’s 2020 Intelligent Mobility Summit to Highlight Role of Digital Transformation in Mobility Industry’s Future

Digital initiatives are at the core of disruptive innovation across the mobility landscape. Advances in connectivity, autonomous, shared and electric technologies have been accompanied by the emergence of new, digitally-enabled business models and value-added services. To understand how digitalization is moving the needle across various domains in the mobility industry, the theme of Frost & Sullivan’s 2020 Intelligent Mobility summit is “The Digital Acceleration.”

Contactless Delivery of Parts and Services to Trigger a $75-Billion Market Opportunity in the Global Aftermarket Sector by 2025

Contactless Delivery of Parts and Services to Trigger a $75-Billion Market Opportunity in the Global Aftermarket Sector by 2025

According to Frost & Sullivan’s recent analysis, Digital Business Models Mitigating COVID-19 Implications on Global Aftermarket Performance in 2020, aftermarket revenue expanded by 4.1% in 2019. This was largely driven by a 3.2% growth in vehicles in operation, with the contraction in global gross domestic product (GDP) growth stifling consumer expenditure on new vehicle purchases.

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