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What the future holds for the motorsport industry

There are not that many sports that have such a global market. Because of this exposure, its future is looking brighter than ever before. It is easy to look for a position in motorsport engineering and many other jobs. Job sites like Jooble have been looking into how this industry is growing and how it can open up more work for others. Below you will see examples of how this industry is adapting to the modern world. 
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22 June 2022

MOTORSPORT is one of the most hyped-up industries in sport. It has exciting races filled with incredible works of engineering. That discipline has reached over 194 countries across the world since 2017.

There are not that many sports that have such a global market. Because of this exposure, its future is looking brighter than ever before. It is easy to look for a position in motorsport engineering and many other jobs. Job sites like Jooble have been looking into how this industry is growing and how it can open up more work for others. Below you will see examples of how this industry is adapting to the modern world.

Influence of the fans

Fan involvement has increased thanks to the work of social media exponentially. It has played an essential role in finding new racers, creating communities, and looking for new jobs. Newscasters can reach wider audiences using the power of hashtags and posts. They can offer more behind-the-scenes footage to those who are interested in the making of race cars. Races can now be streamed online so that anyone who has an internet connection is capable of watching them. The more coverage that racing gets, the more popular it becomes. Market participants are well aware of this, so they find new ways to boost the industry.

Even though most of the jobs in this industry require engineering, entertainment is another form of business that keeps it steady. There are many jobs out there that can help players specialize in covering the events surrounding them. You can become a sports journalist and write about all the latest updates. You can help racers expand their social media platform and become their personal advisors. TV channels covering the industry are still going, requiring all the help they need in TV entertainment.

The success of Formula 1

Formula 1 is one of the most significant racing events in the motorsport industry. As this business grows, so too does the power of the F1 influence. Bernie Ecclestone handed over the F1 format to Liberty Media. Many people have now anticipated F1 to make it to the pit lane. More events have sparked around it, such as an F1 Live in London. With a successful business now in charge, new and more precise goals are set in mind. F1 will still aim to be known as the ‘pinnacle of technology’. They have been investing since 2021 and quickly moved their plans to fruition in 2022.

They hope to improve the Technical, Sporting, Marketing, and Data Analytics groups. These areas have been gathering new help and new professionals to add improvements little by little. Since they are fresh on the market, there is no room for hidden agendas or corporate influence. They have all been developing new and crazy ideas. Ideas that are fully supported by the Liberty Group. While some people believe they are ‘dumbing down’ and making F1 more simplified, it is actually the opposite. They will be refining their technology and improving performance in multiple areas at once.

Gaming and esports

According to a 2017 sports survey, over 43% of Motorsports fans have shown an interest in Esports. F1 video games have proven to be exceptionally popular within the Esports community. Because of this, hundreds of races are now held with teams competing against each other. The F1 industry even sponsors these events and has a hand in making the games. They allow the creators to copy the schematics for their cars and even help the engineers themselves influence new car ideas. This connection benefits both sides and strengthens the community of both parties. Examples of Esports teams to follow in Motorsport games are:

  • G2 Esports
  • Team SoloMid
  • Team Vitality
  • Wolves

For all the latest updates in the Motorsports industry, look online for Motorsport specialist websites. Autosport and Eurosport are good examples. If you need information on the newest job option within this industry, search on Jooble for specifications.

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