The future of intelligent transportation systems built on IoT solutions is expected to not only enhance efficiency with minimal human intervention but also to fundamentally change how transportation is perceived. Netscribes draws the spotlight on key research and innovations occurring in the automotive IoT space and the top companies driving the shift towards connected and autonomous cars.
Sensor data is enabling predictive maintenance, security, safety, and monitoring of connected cars. UI/ UX based navigation systems, infotainment services, entertainment control options, biometric-based security applications are some of the chief capabilities they offer.
Vehicle to vehicle (V2V) communication allows data sharing such as telemetry, location, speed, and information about near-by road conditions. They help maintain higher levels of safety and accident prevention.
Smart systems provide a precise idea of the number of vehicles, potential traffic obstructions, levels of available parking, and more. GPS, RFID tags, and cellular networks are enabling electronic toll collection.
IoT based SCM systems can track and ensure the quality of each vehicle component from raw material procurement to final delivery. It offers increased visibility and end-to-end optimization of processes at every stage of the supply chain.
Higher capacity batteries, highway-based charging stations, lower-priced cars, and innovations in wireless charging technology, are all pointing to the one fact: the next generation of connected cars will be electric.
Netscribes conducted a patent search focused on 10 years (2008-2017) of innovation in the US – the hotbed of innovation in the automotive IoT space. It captured pertinent patents within the connected/ autonomous/ self-driving/ driverless cars and related domains.
Qualcomm, Intel, Microsoft, Verizon Communication and Honeywell are few other major companies focused on automotive IoT technologies.
Driver Assistance V2V
Wireless communication in vehicles
Networking/communication in vehicles
Communication
Connected Vehicle Network
Sensor, Battery, Electric Vehicle Parts
Sensors – LiDAR
Sensors
While non-automakers are the most active patentees, a majority of the patents are held by some of the top automakers and OEMs.
The darker the green the more active the company.
The darker the green the more active the company.
The global automotive IoT market is expected to reach USD 106.32 billion by 2023. The introduction of high-speed mobile networks like 5G and beyond is set to facilitate this growth through faster data transfers, response times, and enhanced vehicular communication.
North America is the largest automotive IoT market, accounting for 47 percent of global automotive IoT revenues in 2017.
Carmakers need to accept their new role in the changing landscape and render their domain expertise to software and platform providers.
Companies must move from being product makers to having a service-oriented strategy that relates to customer needs across the product lifecycle.
Companies must define clearly-established policies and protocols regarding data.
Automakers should consider including software and platform development as a part of their core competencies.
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