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Home Industry Automotive

Operators critical to unlocking the connected vehicle future

FutureIoT Editors by FutureIoT Editors
January 11, 2023
Photo by Mike B: https://www.pexels.com/photo/turned-on-black-gps-monitor-244822/

Photo by Mike B: https://www.pexels.com/photo/turned-on-black-gps-monitor-244822/

Juniper Research forecasts that the number of connected vehicles in service will reach 367 million globally in 2027, from 192 million in 2023.

This growth of 91% will be driven by the advancement of both ADAS (Advanced Driver Assistance Systems) and increasing the capabilities of in-vehicle infotainment systems. The research identified 5G’s high speed and low-latency capabilities as transformative to these goals, requiring effective collaborations between automotive OEMs and operators to realise.

Connected vehicles are equipped with communication technologies that allow the exchange of information between the various elements of the transport system and third-party services.

The research found that operators are critical to unlocking new use cases, such as autonomous driving and data-heavy infotainment via 5G; representing a US$3.6 billion opportunity for providing 5G connectivity enablement in 2027 globally.

Nick Maynard

Research co-author Nick Maynard explained that 5G can allow automotive OEMs to upgrade the in-vehicle experience. In a vehicle market transitioning to electric vehicles, improving the user experience is key.

“Operators hold the critical role in enabling this in a reliable way, making them the partners of choice as their 5G networks rapidly expand.”

Nick Maynard

Commercial use cases lagging behind

The research predicts that by 2027, commercial vehicles will only account for 20% of connected vehicles worldwide, representing a small increase from 16% by the end of 2023.

The research found that commercial vehicle design is not leveraging connectivity beyond simple emergency call features and basic connected infotainment systems, although this is changing, as businesses prioritise tracking and logistics capabilities.

The research recommended that automotive OEMs prioritise integrations with common fleet tracking systems out of the factory to maximise the benefits of connectivity, and to enable commercial fleet owners to maximise efficiency in their processes.

Related:  Navigating the future of supply chains in ASEAN
Tags: 5Gconnected vehiclesJuniper Research
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The race to harness the power of Internet of Things (IoT) is here. FutureIoT is dedicated to individuals, as well as public and private organizations looking to tap the potential of IoT to transform the way we live, work and do business. FutureIoT is the dedicated media that provides the single source of truth about IoT, the technology, its application and regulation, originating from Asia. << Read more >>

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Standardisation and tech are keys to unlocking growth in Asia's supply chains

Standardisation and tech are keys to unlocking growth in Asia's supply chains

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Photo by Polina Tankilevitch: https://www.pexels.com/photo/hand-of-a-woman-showing-palm-with-a-word-no-4830656/

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