Mobility, autonomous vehicles, connected cars and big data analytics ‘present growth opportunities in 2017’

New research by Frost & Sullivan indicates that e-mobility solutions, autonomous vehicle technology, and other digitisation advances are creating new and exciting opportunities in the automotive industry.
June 8, 2017 Read time: 2 mins

New research by 2097 Frost & Sullivan indicates that e-mobility solutions, autonomous vehicle technology, and other digitisation advances are creating new and exciting opportunities in the automotive industry. By the end of 2017, global light vehicle sales are expected to cross 93 million units. Slight growth in North America and significant growth in Eastern European markets like Russia and Ukraine will offset the slowdown in the China and Japan markets.

Big data and digitisation will increase revenue and customer penetration while marketplaces and tyre eRetailers will challenge original equipment manufacturers (OEMs) and traditional retailers. Increasing competition will also step up investment from volume OEMs in mobility services to move towards a car-as-a-service model.

2017 Global Automotive Industry Outlook finds that new mobility strategies, autonomous vehicle development, advancement in connected car technologies and big data analytics will be some of the key trends influencing the automotive market in 2017.

 “Digitisation will underpin automotive industry strategies, with OEMs establishing digital divisions and investing in developing Internet of Things (IoT) platforms that support connective living solutions,” says Frost & Sullivan mobility industry principal Shwetha Surender. “The growing digital ecosystem between automotive OEMs, software integrators, telecoms, and other companies will also bring new areas of competition, with revenue expected to grow to US$1.3 trillion in 2030 from electrification, smart mobility, connected cars, and autonomous vehicle development, among others.”

“As digitalisation increases in the industry, data security is vital,” notes Surender. “Companies will have to ensure strict compliance and fortified measures to prevent hacking. Cybersecurity adds to the overall security of the car, improves the brand image of an OEM, and allows more innovation, especially on the vehicle automation side.”

Companies to note in this rapidly expanding ecosystem include 8534 Tesla with its EV technology; 1686 Toyota with its product offering and strategic partnership with 8336 Uber that is key to understanding diversification of portfolios; 4279 Mobileye, which has recently been acquired by 4243 Intel, showing the importance of its product offerings; and 1691 Google that is pioneering advances in autonomous and in-vehicle technology.

Location Based Systems

For more information on companies in this article

Related Content

  • IoT fleet management market to grow by more than 20 per cent by 2021
    April 24, 2017
    A new report by MarketsandMarkets estimates that the Internet of Things (IoT) fleet management market will grow fromUS$3.16 billion in 2016 to US$8.28 billion by 2021, at a CAGR of 21.26 per cent. According to the report, the key factors driving the growth of the IoT fleet management market are increased demand for optimised business operations, real-time fleet monitoring and a growing number of government mandates for fleet safety. Routing management accounted for the largest share of the IoT fleet managem
    Read More
  • Inrix acquires OpenCar to challenge Apple and Google in the car
    March 10, 2016
    Inrix has completed the acquisition of OpenCar, a US-based automotive software and services provider, in a purchase which enables Inrix to extend its cloud platform into the dashboard with a broad portfolio of third-party content and applications in a customisable automaker-controlled user experience. OpenCar, backed for the last five years by a strategic partnership with Mazda Motor Corporation, offers a white label, standards-based application development environment and framework, fully controlled by
    Read More
  • UK government funds connected vehicle development with a Flourish
    February 5, 2016
    The UK government has selected the Flourish consortium as a winner of its multi-million pound research grant to fuel development in user-centric autonomous vehicle technology and connected transport systems. The new programme, co-funded by the UK’s innovation agency, Innovate UK, will focus on the core themes of connectivity, autonomy and customer interaction. The three-year project, led by Atkins and worth US$8 million, seeks to develop products and services that maximise the benefits of connected and
    Read More
  • TransWiseway and IBM building China’s largest connected vehicles platform
    June 2, 2014
    IBM is collaborating with Beijing transportation information service systems provider TransWiseway Information Technology to build the largest connected vehicles platform in China that will transform the development of the country’s connected car services industry. The cloud-based platform will use advanced analytics for applications that offer real-time in-vehicle services to mobile devices, such as weather advisories, traffic alerts and alternate route suggestions.
    Read More

Highlighted Content