The latest news from the sector Blog
May 2022 | Products

Automotive Innovation: 3 Trending Innovations for the Sector

Innovation has always been a significant element in the automotive sector, from various perspectives such as safety, performance, design, and more. However, the challenges of automotive innovation have evolved over the years. Today, the automotive component supplier industry has identified the major challenges the sector faces.

  1. Driving sustainability in the sector by accelerating the electrification of mobility. This involves renewing the automotive fleet with more electric vehicles, reducing the cost of batteries, and establishing an electromobility network for convenient recharging.
  2. Accelerating the digital transition across the entire value chain to prevent resource wastage and enhance productivity, profitability, and competitiveness.
  3. Moving towards autonomous, intelligent, and connected vehicles to meet the expectations of the new consumer who seeks a comfortable, entertaining driving experience with a focus on safety and convenience.

 

Autoparts from Spain, Focused on Automotive Innovation in the Face of These Challenges

 

What sets the Spanish automotive component supplier industry apart is its quality, undoubtedly the sector's main hallmark. Achieving this high level of quality is possible due to the application of stringent quality standards at every stage of the production process, from design to manufacturing and distribution.

In line with this, a significant portion of the investment by Spanish automotive component suppliers is dedicated to automotive innovation aimed at ensuring maximum quality in all products and processes, with a constant drive for optimization and, consequently, greater efficiency.

Moreover, with a total investment in automotive innovation exceeding 4% of their annual turnover, the Spanish automotive component supplier industry is a leader in automotive innovation, both within and beyond Spain's borders. Investment figures in automotive innovation by suppliers in the sector even triple the average investment in the entire industrial sector in Spain.

Combined with other factors like high productivity, efficiency, and a well-qualified workforce, the Spanish automotive component supplier industry has a significant international presence, operating in over 170 countries across five continents.

As a result, the sector plays a crucial role in the vehicle value chain, contributing around 75% of the total value.

With all of these factors, Spanish automotive component suppliers can offer high added value through continuous improvement processes applied to products, processes, and services.

Autoparts from Spain is a platform that brings together Spanish automotive component suppliers to showcase their work in automotive innovation and boost their export potential. Interested in learning more? Access the directory of automotive component manufacturers affiliated with Autoparts from Spain.

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