COVID-19 Impact on Automotive Hudin Automotive Industry
COVID-19 is a pandemic disease which has created a severe outbreak in the world starting from China to almost in every country. It has major impact almost on everything including human life, world economy, automotive sector, industrial sector and others as a result demand and consumption rate gets lowered.
Unavailability of vaccine to cure or prevent the disease from spreading is major reason due to which lockdown has been initiated for prevention and to lower the COVID-19 spread. To control the disease spread, lockdown is so far is considered to be the better solution observed in the many countries but it also harms the economy. The lockdown impacted the manufacturing industry, operation plants, ports and others locations as all facilities are closed which is a reason behind the slow market growth. Due to low operational machinery and low staff demand for the supply for automotive HUB has been stopped.
Although, permission provided by the governments to run facility with certain safety measures created opportunity for the market to support the manufacturing plant operations and to resume the tasks and improving production efficiency the automotive HUB market is witnessing rising demand to meet the increased production target with limited resources is difficult task for manufactures to ease operations for better productivity. Expanding utilizes of virtual reality displays and Google glasses in numerous segments have made automobiles companies to come up with modern developments. The unused innovation of AR-VR in HUD has come up with a better approach of utilizing GPS, unlike some a long time back, when a turn was missed whereas utilizing GPS or the roadway was missed due to utilizing and setting the radio in car.
HUD introduced on car show appears data or information in such a way that the client doesn’t get diverted and lose the center of their current errand. This includes HUD in car show makes difference dodge mischances, and it has brought security, consolation, and excitement for clients. They moreover give a few other benefits. The need of intrigued by OEMs in contributing to progressed technologies for the next one or two years will be a major difficulty for automotive HUD manufacturers, and the automotive HUD market is evaluated to witness a dip.
IMPACT ON THE MANUFACTURING INDUSTRY AND GOVERNMENT INITIATIVE TO BOOST THE MARKET
COVID-19 created a major impact on the manufacturing industry as almost every country has initiated the shutdown of production facilities in the first half-year which are not producing the essential goods. To prevent the spread of novel coronavirus disease, the government implemented some strict actions in the first half such as the shutdown of production and sale of non-essential goods, blocked international trade, and others.Continue...