The Internet of Things, or gadgets connected via a network, is no longer a futuristic concept. It’s here, and it’s rapidly altering our way of life. IoT has enabled improved transportation efficiency and management capabilities in the automobile industry, and it is pushing us toward a future of intelligent, autonomous vehicles. The global automotive IoT market is predicted to reach USD 106.32 billion by 2023, according to Netscribes market research, driven by the ever-increasing demand to save time and maximise productivity in today’s fast-paced world. Faster data transfers, response time, and enhanced vehicular communication will be accelerated by the arrival of high-speed mobile networks (5G and even beyond) on the horizon, which will stimulate this growth.
The Internet of Things (IoT) is already being used in multiple locations of the automotive industry. The following are some of the most interesting IoT applications in the automotive industry:
In-vehicle infotainment
Car infotainment systems are incorporating smart apps to give in-car navigation, telematics, and entertainment. Several automakers have cooperated with Google to integrate Google Maps, Play Store, and Google Assistant into vehicle infotainment systems. Apple CarPlay is also available as a feature in a handful of mid-to-high-end vehicles. The majority of today’s automotive entertainment systems are tethered or integrated, which means they must be connected to an external device for internet access, such as a smartphone. Future vehicles will include software and connectivity elements in their infotainment systems, allowing drivers to access maps, on-demand entertainment, and a variety of other internet-connected services while on the road.
Maintenance that is planned in advance
Sensors in vehicle operational components monitor functional metrics including temperature, engine status, speed, electrical systems, and navigation, which are used to measure performance variables and forecast performance benchmarks. The collected data is utilized to provide owners with preventive and preventative maintenance alarms, allowing them to fix issues before they become serious.
Surveillance, security, and safety
External sensors, including rear-view cameras and proximity sensors, are also employed to aid with blind-spot detection, easier parking, and safer driving. Advanced sensors that monitor nearby traffic patterns and the surroundings to ensure safe driving provide additional protection to drivers. Onboard technology can also predict and avoid collisions far in advance of actual events when mesh networked cars are used on the road.
Dashboard reporting and data analytics
Connected automobiles provide a rich supply of driver data that may be used to design, test, and prototype better self-driving vehicles. The wealth and quality of data will certainly improve as more vehicles with IoT-enabled devices interact with the real world. Organizations in the car business may continue to improve their offers and better serve their consumers by using data analytics and dashboard reporting technologies.
Monitoring in real-time
IoT also enables real-time data exchange from automobiles to manufacturers, which helps in the optimization of maintenance and manufacturing operations throughout the vehicle’s existence. This data sharing also helps in the enhancement of predictive insights, allowing for speedier response times in the event of any significant difficulties, and making it easier for manufacturers to be accountable and proactive in crisis situations.
Management insights based on cognitive science
Manufacturers may use connected automobiles to notify drivers directly and effectively about any problems, as well as automate repetitive processes like booking a car service appointment with the nearest car dealer or service centre. This two-way interaction guarantees that cars are maintained on a regular basis in an autonomous manner with minimal disruption to the user.
As automotive IoT technologies advance, they will open up plenty of new market opportunities in the automobile sector. There are several sub-segments within the connected vehicle environment that meet the diverse needs of technology implementations.
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