Auto Tech Review|June 2020
According to a recent study, the globally connected vehicle market was valued at $ 63.03 bn in 2019 and is projected to reach $ 225 bn by 2027, registering a CAGR of 17.1 %. Clearly, the automotive world is shifting towards connected transportation that will be enabled by a variety of communication technologies, including vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I) and telematics which bring so much to the table – offering real-time street updates, smart routing & tracking, detecting driver drowsiness or fatigue, vehicle health, vehicle theft as well as offering real-time diagnostics, roadside assistance in case of accidents, automatic parking, parking management, and on-board entertainment, among others.
Traditionally, infotainment, telematics, and diagnostics essentially operated in silos with little or no communication between them. But the arrival of advanced communication technologies such as longterm evolution (LTE) and vehicle-to-everything (V2X) brought these silos together, thus significantly enhancing the user experience. It is in the area of telematics, where connected technology has made faster inroads helping fleet operators extract vehicle utilization-related data and load locations that further help optimize logistics, implement high-level maintenance and improve vehicle utilization that goes a long way in subsequently enhancing ROI.
Vehicles are also becoming increasingly personalized and this explains the growing consumer demand for infotainment systems. It won’t be out of place to suggest that consumers are looking at their vehicles as an extended arm of their smartphone as they desire to view all they can on their phones on the screen of the infotainment system.
For a country that has a dubious distinction for road fatalities and grapples with frustratingly high levels of congestion, especially in urban pockets, the connected ecosystem can play a significant part in mitigating them without eliminating them altogether. Of course, the shift to a connected car ecosystem has its fair share of complexities or challenges – the most prominent being cybersecurity risks, wherein carmakers, connectivity service providers and businesses managing car fleets, could be at the receiving end of cyber threats.
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