Of the estimated 1.2 bn vehicles in use worldwide, shipment of connected vehicles is expected to hit 48 mn units this year. This number, in fact, has been on a steady rise over the past few years, and if the prediction by Statista is anything to go by, 100 % of new cars sold over the world will connect to the Internet by 2025. Clearly, connected mobility offers players in the sector tremendous opportunities for the future.
That is good news, for it is being projected that the world will see fewer accidents, less fuel consumption, less stress and reduction in transport-related carbon dioxide emissions – all thanks to connected mobility.
Driven by developments in the areas of Internet of Things (IoT), telematics, computational data analysis and sensor technologies, among others, the automotive industry in general is undergoing a phenomenal transformation. We have seen the emergence of new players in the automotive horizon – largely technology companies that are eyeing a significant pie of the future mobility value chain, even as traditional automotive players are rebuilding their strategies to stay relevant in the market. Many believe the first real autonomous car will come from a technology, and not automobile, company.
Connected mobility is also likely to see emergence of new suppliers for new technologies, digital and mobility services, threatening to disrupt the traditional automotive supply chain that the industry is so used to. It is a serious wake up call for traditional companies in this domain not focussed on innovation, for they run the risk of being left behind by new entries – established corporates or motivated start-ups.
Of course, there are obstacles on the path to connected mobility. Cost, consumer readiness, legal framework, technology readiness are some of the most common obstacles seen by the sector. However, the biggest concern is related to cyber security and privacy concerns. Ransomware attacks such as Petya and WannaCry on vehicles could lead to absolute mayhem – for individual drivers or fleets.
In this edition, we have a few very interesting articles on the subject of connected technologies. Moreover, on June 27, 2018, we will organise the 5th edition of our annual conference on automotive electronics – the CTO Roundtable – in Pune. Let’s get together and discuss what’s going to drive the next generation of vehicles in a connected world. See you there!
Deepangshu Dev Sarmah
New Delhi, May 2018