Leveraging advanced mobility technology to advance the electric automobile sector
Electric vehicle technology has been around for a long time, but it took a disruptive entrepreneur to make it famous. And with its newfound fame, electric mobility tech gave rise to a slew of companies that now form the new age of automobiles. It is clearly the future. But is it enough?
Technology is ever-changing. For a sustainable shift to the future, we need new innovations not only to tie the old with the new but also to disrupt the traditional ways to pave a new road for the automobile industry. And on that new road we shall drive the vehicles that talk to their surroundings, their owners and to each other. It is the dawn of the age of Connected Vehicles.
Why do we need Connected Vehicles?
Connected vehicles transform the way we travel, and the transportation industry as a whole. These vehicles are equipped with internet connectivity and advanced sensors. This allows them to communicate with other vehicles on the road, as well as with infrastructure and smart city systems.
A Markets and Markets study found that the connected car market is expected to grow to $225 billion by 2027 from $63 billion in 2019, at a compound annual growth rate (CAGR) of 16.9%. This growth is being driven by increasing demand for advanced safety features, as well as the rising popularity of electric and autonomous vehicles.
One of the key benefits of connected vehicles is improved safety. By communicating with other vehicles and infrastructure, these vehicles can detect and avoid potential collisions, as well as provide real-time information about road and weather conditions. This can help prevent accidents and reduce fatalities on the road. In fact, a study by the National Highway Traffic Safety Administration (NHTSA) found that vehicle-to-vehicle (V2V) communication could prevent up to 80% of accidents that don’t involve impaired drivers.
Connected vehicles also offer significant benefits in terms of efficiency and productivity. For instance, they can optimize routes and reduce congestion, saving time and fuel. A study by the European Commission estimated that connected vehicles could reduce fuel consumption and emissions by up to 20%. Along with that, connected vehicles can provide real-time traffic updates, helping drivers avoid congestion and arrive at their destination faster.
Another benefit of connected vehicles is the potential for new business models and revenue streams. Manufacturers, for instance, could now offer subscription-based services such as remote vehicle diagnostics, software updates, and predictive maintenance. The data generated by connected vehicles can also be used to develop new products and services, such as personalized insurance and advertising.
In-vehicle warnings and alerts to inform drivers of:
- Crash situations
- Merging traffic in the driver’s blind side
- Vehicle ahead braking suddenly
- School zones
- Workers are on the roadside
- Upcoming traffic-light changes
- Precipitation and Icy conditions
- Speed warnings
- Crash emergency calls
Vehicle data analyzed by transport department to:
- Make road safer and less congested
- Make it easier for people to plan their travel experiences
- Find open parking spaces
- Locate available taxicabs and public transport
- Guarantee you make your bus or train connection
- Even help a blind pedestrian cross the street
Real-time information from vehicles can be used by motorists to:
- Eliminate unnecessary stops so vehicles reach optimal fuel-efficiency
- Avoid congestion by taking alternate routes or public transit
- Find when transit vehicles will arrive
- Make public transportation more appealing for travelers
With more and more people shifting to sustainable, efficient, and convenient travel, it is only a matter of time before there is a global demand for technologies to cater to the population. Connected Vehicle technology is the first step to this revolution.
What makes Connectivity in Vehicles a reality?
Connected Vehicle technology involves the creation of a safe, interoperable wireless communications network in an inclusive system that includes cars, buses, trucks, bikes, boats, trains, traffic signals, cell phones, and other devices.
Through this system, Connected Vehicle technology aims to tackle some of the biggest challenges in the surface transportation industry—in the areas of safety, mobility, and environment.
However, there are also several challenges that have be addressed to fully realize the potential of connected vehicles. One of the biggest challenges is cybersecurity. Since these vehicles are connected to the internet, they are vulnerable to cyber-attacks. This could compromise the safety and security of drivers and passengers.
Moreover, there are concerns about data privacy and ownership, as well as the potential for job displacement as autonomous vehicles become more common.
Despite these challenges, the growth of connected vehicles is expected to continue in the coming years, as manufacturers and policymakers work to address these issues. As technology continues to evolve, connected vehicles will become even more advanced, offering new benefits and opportunities for drivers, businesses, and society as a whole.
Creating a safe, interoperable wireless communications network that enables vehicle-to-vehicle, vehicle-to-infrastructure, and vehicle-to-device (V2X) connectivity requires outcome-driven innovation from experienced players in the industry.
With years of expertise in focused technology solutions that utilize AI, IoT, AR, VR, cloud, and mobile tech innovations, enterprises such as Audax Labs are in a perfect position to put that industry knowledge to good use. What makes Connected Vehicles a scalable, sustainable reality is the designing and delivering enterprise-grade value-added services using the combination of technologies.
What are the avenues of Connectivity in Vehicles?
With Safety, Mobility, Environment in the forefront of focal areas that determine the future of Connected Vehicle technology, let us visit the various avenues that enable the creation of the wireless interoperable network that makes this technology into a practical reality.
There are three primary ways to enable connectivity in vehicles. They are vehicle-to-vehicle (V2V), vehicle-to-infrastructure (V2I), and vehicle-to-device (V2X) connectivity.
V2V Connectivity enables the building of a vehicle community, where to-and-fro communication from one vehicle to the other ensures a cohesive, safe, and efficient system of transportation.
V2I Connectivity builds on the V2V Connectivity by enabling traffic control systems such as traffic lights and alerts, motor vehicle departments, transportation systems, and so on, to connect to vehicles. This ensures seamless mobility and safety.
V2X Connectivity is by far the most discernible technology out there for the simple fact that the automobile industry has already made inroads into it. From luxury carmakers or electric vehicle manufacturers to everyday brands such as Kia, connected car technology is already on the rise, albeit in its nascent stage. V2X Connectivity brings human connection into the mix, making it the centerpiece of Connected Technology.
Connected Vehicles aim to usher in a new age of smart mobility and travel by creating innovative solutions to focal areas such as Safety and Security, Navigation, Infotainment, Convenience, Vehicle Maintenance, and Remote Operability.
Here are a few ways the technology makes it happen:
|Safety and Security
Apart from these, the application of Connected Car technology in V2I and V2X scenarios opens a door of opportunity for new and scalable innovation and application of solutions.
We help automakers usher in a new era of Customer Engagement
At Audax Labs, we are working towards a sustainable and scalable future for enterprises. And our vision for it is to create and enable the ‘Factory for the Future’. With our expertise in various tenets of this future — including Digital Twin Creation, Hybrid Cloud Integration, HoloLens and Mixed Reality Tech, IoT and EDGE Tech, AI and Cognitive Capabilities, and Advanced Analytics, BI, and Data Management — we are in a unique position to leverage our strengths and work towards making this a reality.
With Audax Labs pursuit for innovation and our speed to create a viable solution, seamless sales support, and Microsoft Gold partnership, Audax Labs is looking to a future of scalable growth for enterprises as a whole. Partner with us and this revolution in technology, so that you are in the front row of what would be a productive and wonderful journey into the future.