From the desk of Muzaffar Sayyed
From futuristic fantasy to a present-day reality connected cars are a testament to human conviction towards innovation in many ways. Connected cars are completely changing the way we drive, commute, and interact with our vehicles. Connected cars are vehicles that can access the internet with an inbuilt connectivity system. Growing electrification of the automotive industry and rapid adoption of advanced technologies in vehicles are forecasted to favor the demand for connected cars over the coming years.
Equipped with an on-board computer, connected cars are just like a human with its brain. The use of advanced sensors and wireless connectivity technologies has further opened a new scope of innovation for connected cars. Increasing emphasis on safety and the desire to build a self-driving car is what drove humans to make connected cars. Advancements in the automotive, as well as technology industries, have been shaping up the global connected car marketplace.
The global connected car market is anticipated to expand at a noteworthy CAGR of 19.5% from 2024 to 2031 to end up with a valuation of USD 143.72 billion by the end of the forecast period, states Skyquest analysis. Electrification of the automotive industry and a high emphasis on improving vehicle safety are key trends that will steer the connected car market growth in the future.
Emergency Assistance: Connected cars can detect emergency situations such as accidents and crashes to immediately send out alerts to authorities and loved ones of the driver as well. This can be crucial in saving lives in case of an unfortunate mishap.
Traffic Prediction: Connected cars are always connected to GPS systems and can provide real-time traffic predictions and updates to the driver to help them reach their destination with the best route possible.
Predictive Maintenance: Connected cars can keep track of car health by tracking all the key parameters and reminding the driver to take the car to service if there’s anything wrong with it.
Better Infotainment: Gone are the days of having a good old radio or CD player as the only infotainment. In-vehicle voice assistants, gesture control, augmented reality tech, and massive infotainment screens are some key infotainment options available in connected cars.
Connectivity Issues: Infrastructure for connected vehicles and devices is still not as well developed as it should be for the efficient functioning of connected technologies. The absence of reliable networks with low latency is a key infrastructural challenge that is the prime cause of connectivity issues for connected cars. Companies need to resolve this soon as no connectivity renders the features of connected cars useless, which is not what the consumers want after paying a hefty price for connected car tech.
Data Privacy and Management: Heaps of data are generated from connected cars as they gather information from multiple sensors and store it to improve the driving experience. Ensuring proper management of this data along with its security to safeguard it from hackers and cyber criminals remains a challenge for connected car companies.
Although connected cars are a reality and available for use by general consumers, the infrastructure to support their smooth operation is still not developed. This makes connected cars a risky choice for people buying them solely for their connected features. People from developed countries might have a better-connected car experience at present but people from developing and underdeveloped countries will have to wait a few years for the infrastructure to develop for the support of connected car technology.
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