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Analysis of Connected Vehicle Opportunities in the Age of the Internet of Things (IoT) : Connected Transportation Boosts Sensors and Telematics

Analysis of Connected Vehicle Opportunities in the Age of the Internet of Things (IoT) : Connected Transportation Boosts Sensors and Telematics

  • March 2015
  • 29 pages
  • ID: 2837196
  • Format: PDF
  • By Frost & Sullivan

Summary

Table of Contents

Key Findings

•Connected living encompasses all aspects of a person’s life: connected home, connected work, and connected city, all of which are expected to reach $ x billion by 2020 with connected city accounting for over x % of the market.
•The explosive growth of the Internet of Things (IoT) will impact city infrastructure, performance, efficiency, security, and cost to support implementation.
•A fully functioning connected city will be driven by the need for smart mobility, governance, education, and banking.
•Tremendous opportunities lie in providing citywide traffic monitoring systems, infrastructure for electric vehicle charging, parking, tolling and congestion management, integrated ticket and fare management solutions, traffic prediction tools, and integrated traffic management.
•With more than 200 million cars connected by 2020, immense opportunities exist in parallel spaces such as smart payment and personalization with enablers like near field communication (NFC) and radio frequency identification (RFID).

Scope of the Study

Advances in technology are transforming the world into an age characterized by the IoT, in which an entirely new market of connected living solutions and services is emerging. As the world veers toward connected living, the need for electronic components and other hardware products to support the explosion of connectivity increases.
•This study identifies the possible gold mine of opportunities arising for sensors, biometrics, and micro controllers required by the connected vehicle.
•The following ‘connected’ features will be available in future vehicles:
oPayment system
oMobile traffic services
oHealth monitoring system
oInfotainment

Mobility and Transportation

•Mobility and transportation will be revolutionized as connected vehicles gain momentum driven by the IoT.
•A plethora of opportunities is opening up as focus within vehicle design shifts to widespread integration of smart cards, telematics, mobile traffic services, infotainment, health monitoring of drivers, sleep detection, and so on.
•Cisco and MIT’s vision of a “personalized bus” provides a glimpse of the enormous potential the connected vehicle will have in the future.
•Real-time travel information, wireless connectivity, and the facility to pickup/drop off personal items are part of the personalized bus vision.
•Testing requirements for telematics and infotainment systems are enormous. Furthermore, autonomous vehicles will enlist the need for simulation testing in cars.

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