The automotive market is a driving force in the world economy and a global growth market characterized by high speed innovation. Due to sharply increased competition and cost pressures, stricter regulatory requirements and the new challenges posed by digitalization, the industry is currently undergoing profound changes. Rapidly evolving trends like electric-mobility, autonomous driving, connected cars, new mobility concepts and lightweight construction put traditional players' business models at risk; new players are emerging and coming up with innovative, data-driven business models. This has led to a market consolidation of the suppliers and an increase in M&A activity in the whole industry.