According to study, “China Connected Vehicle Market (2018-2023)” some of the major companies that are currently working in the China connected vehicle market are Autoliv, Denso, Robert Bosch GmbH, NXP Semiconductors, ZF Friedrichshafen, Continental AG, WirelessCar.
The connected vehicles are different from the other basic primarily due to their access to the internet, which offer by their communication system. It allows the driver to connect his smartphone to the vehicle, but also the vehicle itself to connect to surrounding cars and infrastructures.
The connected vehicle market is categorized into connected car market, connected truck market, connected bus market and connected train market.Connected car market is segmented into wireless & cellular modules, fleet manager, processors, sensors, original equipment manufacturer (OEM) services and aftermarket services. The applications include of the connected vehicles include demand for the vehicle market which includes infotainment, navigation and telematics.
The market of the connected vehicles is also defined in terms of connectivity embedded, integrated and tethered. The Embedded solutions provides on road experiences for passengers and drivers. The integrated connectivity provides access tonavigation services and remote control services andthe tethered connectivity offers many internet protocol (IP) services. Based on the technology and the service of is segmented into 2G, 3G and 4G/LTE.
The Ministry of Industry and Information Technology (MIIT), the Standardization Administration of China (SAC), the Ministry of Public Security (MPS), China Association of Automobile Manufacturers (CAAM), the Ministry of Transport (MOT) and China Industry Innovation Alliance for the Intelligent and Connected Vehicles (CAICV) are some government agencies which are accountable for connecting some communication equipment in all new vehicles. These agencies offer many certificate management techniques and highly innovative encryption & methods for communication. In addition, some authorized vehicle institutions are Beijing Intelligent Vehicle Industry Innovation Centre, China Automotive Engineering Researching Institute Co., Ltd. (CAERI), Shanghai Manufacturing Industry Innovation Centre and Qiming Information Technology Company Limited, which would assist buses, trucks, roads, trains, cars and other infrastructure for communicating between smart-phones and other devices.
The market of connected vehicle is mainly driven by increasing need for connectivity among the customers. Increasing technological advancements, decreasing traffic congestion, reducing energy consumption, incorporation of internet of things (IoT) based technologies; demand for vehicle-to-vehicle (V2V) connectivity technology, improving safety and demanding for an autonomous driving experience are increasing significantly which led to the growth of the market.
The China has gain leadership in emerging the next-generation cars with autonomous driving and internet connectivity. Moreover country assumes one in every two new cars sold to be equipped with smart and at least partial independent functions in the coming years. The development of artificial intelligence, the industrial internet, 5G, smart manufacturing, use of new energy and intelligent transport and smart city management are set to develop the new range of connected vehicle market over a period of time.
In near future, country will be promoting the Intelligent Connected Vehicle (ICV), which would be able to eliminate the traffic congestion, reduces energy consumption, improve traffic safety and bringing social benefits. It is expected that China will become prominent market due to improved connectivity infrastructure and high growth in the automotive sector.
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Ankur Gupta, Head Marketing & Communications