Oil industry faces short-term hurricane impact
While it’s too early to know the full economic and human toll of Hurricane Harvey, we expect a relatively short-term impact on the U.S. energy industry.
Look at the instrument panel on a new car and one may find sleek digital gauges and multicolored screens. But a glimpse behind the dashboard could reveal what U.S. auto supplier Visteon Corp. found: a mess.
Reuters reports that as automotive cockpits become crammed with even more digital features such as navigation and entertainment systems, the electronics holding it all together have become a rat's nest of components made by different parts makers.
"The complexity of engineering ten different systems from ten different suppliers is no longer something an automaker wants to do," said Mark Boyadjis, principal automotive analyst at IHS Markit.
Now, the race is on to clean up the clutter. Visteon is among a slew of suppliers aiming to make dashboard innards simpler, cheaper and lighter as the industry accelerates toward a so-called virtual cockpit — an all-digital dashboard that will help usher in the era of self-driving cars.
What’s at stake is a piece of the $37 billion cockpit electronics market, which is estimated to nearly double by 2022. (Source: Reuters)
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