ARTICLE · 28 MARCH 2024

Global Automotive Risk Outlook 2024

WTW

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The automotive industry faces unprecedented change with vehicles evolving into 'computers on wheels'.

United KingdomTransport

Anthony Monaghan

Rethinking the risk landscape of automotive manufacturing

The automotive industry faces unprecedented change with vehicles evolving into 'computers on wheels'. WTW surveyed 500 global companies to understand challenges and opportunities amid electrification, automation and connectivity.

Overview

The pace of change within the automotive sector is unprecedented, where modern vehicles are viewed as 'computers on wheels' as much as they are machines.

Innovation within software and electronics applications enable vehicles to predict, identify and avoid potential collisions. With over 30,000 individual components in vehicles rolling off factory floors today, the level of integration is unprecedented.

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