The adoption of Internet of Things (IoT) is growing at an ever increasing pace. With rapid advancements in wireless communications and device miniaturization, IoT technologies are now deployed in a variety of applications, such as smart homes, assisted living centers, automation design, e-health, and manufacturing systems. Moreover, IoT adoption rates are expected to steadily grow in a wide assortment of cases from consumer retail and industrial supply chain management. One such blazing trail of growth that had taken the initiative with IoT implementation is the automotive industry. 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.
The benefits of interconnectivity is poised to revolutionize the auto industry as we know it, with further ramifications in allied spaces such as insurance, logistics, media and entertainment, service and maintenance, and infrastructure. Given this inevitable trend, understanding IoT developments in the automotive industry is therefore a necessity for all incumbents who wish to reap the benefits and opportunities that come with such a paradigm shift. This whitepaper offers insights into the research and innovation occurring in the automotive IoT space and the key companies driving the shift towards connected and autonomous cars based on Netscribes’ in-house primary, secondary, and IP research expertise.