In this article, we explore how innovative connected car technology is revolutionising the automotive industry in 2019.
Connected Cars: A Definition
Connected cars (or “smart vehicles”) are vehicles that have internet access. This internet connectivity facilitates the sharing of information between the car itself and other connected cars, road infrastructure, pedestrians, the cloud and devices located both inside and outside the vehicle. They are part of the “internet of things” (IoT) which refers to everyday objects that are connected to each other through the internet.
The Rise of Connected Cars
These days almost every new car that is sold around the world features some form of connected technology. Gartner estimate that in just three years there will more than 300 million cars on the road with wireless network connectivity. The phenomenal growth of connected cars is transforming the automotive industry as we know it, causing leading manufacturers to increasingly focus their efforts on driving innovations in this area. In fact, McKinsey project that the value of the global market for connectivity components and services will rise from €30 billion in 2014 to €170 billion by 2020. Peter Schroer, the CEO of Aras, summed it up neatly when he quipped that “Today’s automotive industry has turned into a data centre on wheels…”
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