Connected Cars are dominating the future of automotive
Vinay Sharma
Principal – Intellectual Asset Management
Strategy Consultant - Technology Research and Advisory | IAM 300 | Patent Agent | Attorney
So far, one thing is clear. The future of the automotive industry will be starkly different from what it looks like today. There are extremely high chances that the future automotive will be connected, electrified, sustainable and autonomous.
Sustainability, Electrification, Shared Mobility, and Autonomous (SESCA) are the way forward, with most disruptions coming from one of these areas.
It is also predicted connected cars will take automobiles to a whole new level. According to WEF, the connected car market is expected to be worth more than $217 billion by 2027.
Lately, automobiles now mean more than just a means to travel from one place to another. They have found a newfound purpose, and even the consumer mindset is rapidly changing.
Connected cars or vehicles amplify automobiles to be much more than just a means to travel. Cars acquiring the ability to be connected to their surroundings open a slew of new opportunities.
Cars acquiring the ability to be connected to their surroundings open a slew of new opportunities.
So, what makes connected cars so popular?
5G Provides the Sizzle
Consumers are changing - mileage and engine strength no longer form evaluation criteria when making an automobile purchase. The focus is on experience and entertainment. 5G-enabled cars will take the in-car entertainment experience and connectivity to a whole new level.
Unveils Adjacent Markets
Connected cars open doors to entirely new, unexplored, and parallel markets. Telematics, online service scheduling, predictive analytics, and personalization are just a few.
However, this also means that automotive players must rapidly upgrade their service offerings and broaden their digital horizons to stay relevant.
Unveils Adjacent Markets
The connected cars open doors to entirely new, unexplored, and parallel markets. Telematics, online service scheduling, predictive analytics, and personalization are just a few. However, this also means that automotive players must rapidly upgrade their service offerings and broaden their digital horizons to stay relevant.
Connected + Electrified = Environment Friendly
Connected cars will generate data about every second of their movement and perhaps even when parked! The connected car data is a goldmine that can give way to many possibilities. Averting traffic jams to reduce car emissions and travel time is just one of them. These factors definitely make connected cars the future. What other factors do you think are responsible for creating connected cars the future of automotive?
Do Let us know!
