How Connected Technology Opens Possibilities for the Automotive Sector?

The development of emerging markets, the quickening adoption of new technology, environmental policies, and shifting consumer ownership preferences are all factors that are causing a significant change in today's economies.

Automobiles will undergo a similar revolution to other industries that have already been impacted by digitization, increased automation, and new business models. The dominant disruptive technology trend in the automotive sector is connected technology, which is being driven by these dynamics.

With automakers offering new technologies that appear to have been taken directly from the future, the automotive industry is undergoing a dramatic upheaval. To provide us with a driving experience unlike anything we've ever had, they are improving and redefining current technology and introducing new, fascinating technology trends like artificial intelligence and the connected car.

The future of connected automobiles is now being shaped by four automotive megatrends. CASE stands for connectivity, autonomous, shared mobility, and electrification, and it is the abbreviation we have given to these themes.

Growth Jockey provides the necessary tools and services to assist automakers in responding to these developments. Additionally, we assist connectivity service providers in giving automakers the connectivity and services they require.

This blog will discuss CASE, connected technology, and how it affects the automotive sector.

What is CASE?

One of the two acronyms "CASE" or "ACES," which stands for Connectivity, Autonomous Driving, Electrification, and Shared Mobility, is frequently used to define the future of driving and smart mobility.

Automotive connectivity, smart mobility, and automotive IoT innovations all aim to improve both consumer and societal experiences.

CASE technologies aim to reduce CO2 emissions, improve the effectiveness of transportation in smart cities, boost traffic safety, and more. Investments in mobility companies focused on these themes have totaled over $330 billion since 2010, and more than $45 billion will be invested in new mobility startups in 2020 alone.

C- Connectivity

A recent analysis by EPM and SBD Automotive predicted that 96% of new vehicles exported globally in 2030 will have a built-in connection, demonstrating the increasing prevalence of connected vehicles. According to a forecast from Ericsson, the connected vehicle market will be worth $166 billion worldwide by 2025.

Vehicles that are connected share a variety of data properties from several sensors, delivering comprehensive information on the vehicle and its surroundings.

The CV2X (cellular vehicle to everything) IoT network, which links vehicles and intelligent transportation systems, is used to connect these automobiles. Through improved vehicle connection, connected cars enable quick data transmission and improve drivers' reaction times.

Based on how the vehicle engages with various objects, the CV2X is divided into four groups:

• Vehicle to vehicle (V2V)

• Vehicle to infrastructure (V2I)

• Vehicle to pedestrians (V2P)

• Vehicle to a network (V2N)

It is possible to understand traffic patterns, driver behavior, and other topics using automotive data from connected automobiles. Other CASE technologies, which are described below, are powered by connectivity as well as the insights obtained from connected automobile data.

Growth Jockey, a dependable technology partner in the automotive industry, offers connected vehicle services to help the infrastructure and ecosystem for the connected car market to flourish.

A- Autonomous Driving

By minimizing or eliminating human error, autonomous vehicles (AVs) have the potential to transform the way we travel while also improving road safety and effectiveness.

The potential market for AV is enormous. According to McKinsey, worldwide revenues for AVs in metropolitan areas might reach $1.6 trillion annually in 2030, providing over $800 billion in benefits to the general population.

Up to 15% of new automobiles manufactured in 2030 might be fully driverless, depending on how quickly technological and legal hurdles can be addressed. Advanced driver-assistance systems (ADAS) will be essential in preparing regulators, consumers, and businesses for the medium-term reality of cars taking over control from drivers.

The public would gain from the redevelopment of unused parking spots, more efficient commutes, a drop in CO2 emissions from less idling, and a decrease in accidents owing to safer roads.

Growth Jockey aids in the digital revolution of the connected car market by assisting automakers in utilizing the cloud and connectivity.

S- Shared Mobility

Mobility development has advanced to a new level. Up until now, emphasis has been placed on enhancing travel convenience, pace, and range. Future travel will be made more flexible, ecologically friendly, and responsive to demands due to the advancement of intelligent technologies.

In essence, mobility is evolving into a full-service model known as "Mobility as a Service" (MaaS). The variety of available modes of mobility as well as all forms of transportation are included in this.

With the rise of businesses like Uber and Lyft, shared and smart mobility has gained a lot of attention lately. Consumers in cities already utilize services like ride-sharing, car-sharing, and e-hailing. With the development of AV, it is projected that robo-taxis will become yet another example of shared mobility.

Incredibly, the market for shared mobility was anticipated to be worth $99 billion in 2019 and is projected to grow to $238 billion by 2026.

E- Electrification

With more towns and nations preparing to switch entirely to electricity in the upcoming years, electrification is becoming a reality. By 2030, electric vehicles are anticipated to account for 32% of the market

In the upcoming years, the penetration of electrified vehicles will gain new and strong momentum. This will happen because of stricter emission restrictions, cheaper battery costs, more widely available charging infrastructure, and rising consumer acceptability.

The interaction of consumer pull (partially driven by the total cost of ownership) and regulatory push, which will vary significantly at the regional and local level, will decide the rate of adoption.

The EV revolution is anticipated to have a big environmental impact because it will cut CO2 emissions and reliance on fossil fuels. The environmental advantages of electrification will be multiplied by the predicted high percentage of electric vehicles in shared mobility systems and autonomous vehicles.

To power new technologies and shape the future of mobility, automobile connectivity is becoming more and more crucial as the mobility industry changes. Every CASE technology will be intertwined with the others to some degree, but networking will be the most so.

To Sum Up

For the first time, the idea of smart mobility is being created in alignment with the human experience through the integration of AI and connected auto technologies into the way we travel. The modern automobile will soon become a historical artifact and driving freely will mean something quite else.

With a comprehensive overall strategy across the value chain, Growth Jockey serves the automotive sector. The key components of the technological foundation include cloud and infrastructure, connectivity, innovation, digital services, and security.

The offering is completed by digital-specific automotive solutions as well as linked smart mobility services. This covers over-the-air upgrades, technological innovation and solutions for inside cars, and the creation and management of modular, flexible platforms, such as those for autonomous driving.

Growth Jockey is laying the groundwork for the future advancement of novel business models in the automotive sector in this way.

So, are you prepared to make a name for yourself in the new mobility industry? Your brand's distinctive identity can be amplified, and Growth Jockey can help you solidify your place in the connected car market.

We would be pleased to connect you with the appropriate professionals and address your concerns concerning the preparation, execution, and upkeep of your digitization initiatives. For automakers and mobility service providers, Growth Jockey simplifies access to digital services and worldwide connections. Let's go on this road together.

At Growth Jockey, we are committed to building customised solutions that effectively address the critical challenges faced by our clients across diverse industries. Regardless of the size of your company, whether it's a small-scale enterprise or a large corporation, you can now optimise your IT architecture. Take the decisive step towards unlocking the next level of growth for your brand by contacting us today!