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How IoT Will Make Smart Vehicles Even More Connected
Automakers are ramping up their connected car initiatives, and internet connectivity in vehicles enables car companies to release real-time updates, which is extremely important.
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Auto Tech Outlook | Tuesday, March 09, 2021
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Automakers are ramping up their connected car initiatives, and internet connectivity in vehicles enables car companies to release real-time updates, which is extremely important.
FREMONT, CA: Organizations are pouring money into the Internet of Things (IoT), and one area of specific interest to investors is IoT-connected cars. Business Insider Intelligence hopes connected car shipments to rise from 33 million in 2017 to over 77 million by 2025. Automakers have noticed an evolving trend and a major business opportunity for connecting their cars to the internet since there are forecasted to be around 14 million semi- or fully autonomous vehicles (AVs) on the roads in the US by 2025. Connected vehicles will be the bread and butter of the Internet of Things automotive sector. Below is a brief of the IoT growth in transportation and outlined how the "Internet of vehicles" will increase in the coming years.
In the last few years, connected cars have exploded thanks to the IoT. Presently, automakers are connecting vehicles in two methods: embedded and tethered. Embedded cars leverage a built-in antenna and chipset, while tethered connections use hardware to enable drivers to connect to their cars through their smartphones. Furthermore, app integration is becoming commonplace in modern vehicles. Google Maps and other navigation apps have started to replace built-in GPS systems. Apps show the driver where he or she can find the cheapest fuel in their location. And Music apps remove the need for conventional or even satellite radio.
Speaking of self-driving cars, Business Insider Intelligence hopes to be the next wave of innovation in the IoT in transportation. And that transformation has already started. Step one stops and goes autopilot, enabling cars to drive themselves in traffic jams by analyzing the lane ahead of them. Step two is the remote valet assistant, who can summon a car in a small space through a smartphone or smartwatch. Automotive firms can use data from the car to analyze its performance and get valuable data on how drivers use their cars. Finally, more connectivity offers more ways for automakers to cross-sell their products and services to consumers.