IoT in Connected Vehicles and Personal Transportation Market Outlook and Forecasts 2022 – 2030
Automotive is one of the most promising sectors for the Internet of Things (IoT). By converting vast amounts of data into meaningful and actionable knowledge, the IoT can assist in solving many of modern society’s automotive safety, transportation efficiency, and infrastructure challenges. The IoT is allowing innovations such as self-driving (autonomous) vehicles, “smart” fleet management, and intelligent transportation infrastructure.
Connected vehicle refers to the use of IoT and broadband communications (LTE, WiFi, and soon 5G) technology in the car with the use of smartphones or other technologies typically manifest as handheld or wearable devices. The basic solutions involve: navigation, telematics and infotainment.
Mind Commerce sees these basic solutions evolving as new technologies such as V2V, V2X, and others become more prevalent. The evolving wearable technology ecosystem and peer-to-peer (P2P) communications are poised to bring an entirely new dimension to IoT as autonomous communication becomes an increasingly accepted part of consumer lifestyles and enterprise operations.
This report evaluates the current status of IoT in the automotive ecosystem including technologies, segments, opportunities and challenges.
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