Artificial Intelligence/Machine Learning: The emergence of AI in automotive companies, has paved a way that is helping bring operational and business transformations, thereby leading to an increased level of accuracy in decision-making and improved performance. The automobile is getting transformed by technologies too. AI and machine learning algorithms have found an increasing level of applicability in this industry. AI is shaping every aspect of the automotive industry, from driving to design to manufacturing. Vehicle concepting, dashboard displays, and automotive assembly are all experiencing unprecedented innovation with the adoption of AI and Machine learning.
Blockchain: Blockchain technologies offer auto manufacturers, as well as numerous other constituencies across the automotive ecosystem, a range of potential benefits. Blockchain may serve as a key enabler for autonomous cars as it has the potential to facilitate commerce between cars and other devices in scalable architectures and ensure repeatable outcomes/expectations. This is required to establish value and define trust between stakeholders and machines, both of which are limited in the Internet of Things (IoT) as it exists today. The players of the automotive ecosystem are now waking up to the opportunities that blockchain brings.
Digital Cockpit: With time consumers’ needs have changed greatly when it comes to automotive technology. These expectations are being shaped by the changes in the technologies, Digital Cockpit meets these needs and more by providing infotainment and IoT services. It also includes Telematics, Instrument Panel Clusters and Heads Up Displays (HUD). A number of companies are introducing digital cockpits in their cars to differentiate their products and as well as make in-car time for the customer more enjoyable, comfortable and productive.
In-Vehicle Monitoring: The use of monitoring systems in aviation has been common practice for many years. ‘Black box’ technology, as it is often referred to, is now commonplace in road vehicles too. An in- vehicle monitoring system (IVMS) describes any electronic device that is used to track, assess and report on vehicle activity which in turn reflects on the driver’s behaviour. Whether it is a sophisticated telematics system that is fitted to the vehicle itself, a GPS, or simply a smart phone app, to reduce incidents on the road and deliver efficiency in road transport operations.
In-Car Content: With the increase in the autonomy of cars has increased the driver time as it is no longer required for the drivers to be concentrated in one task. This has increased in the demand for entertainment features in the car. The connectivity in cars provide with the option to deliver to the customized entertainment solutions. Connected Car Content solutions lets automotive manufacturers deliver rich, content centric experiences that are deeply integrated into the native HMI. The content supply chain is more heterogeneous, localized and fragmented than ever before. Drivers in different regions demand very different content and have increasingly particular tastes. It also presents the automakers with business opportunities.
E-Mobility: Electric Mobility (or e-Mobility) represents the concept of using electric powertrain technologies, in-vehicle information, and communication technologies and connected infrastructures to enable the electric propulsion of vehicles and fleets. Powertrain technologies include full electric vehicles and plug-in hybrids, as well as hydrogen fuel cell vehicles that convert hydrogen into electricity. e-Mobility efforts are motivated by the need to address corporate fuel efficiency and emission requirements, as well as market demands for lower operational costs.
Insurance providers can now fit a ‘Smart’ device in vehicle which can record and analyse the driving pattern of the customers. By having the device installed in the car, it's possible for the companies to fix premiums based on how safe and conscientious a driver is, instead of paying for insurance based on the average driver.
In many countries, insurers offer customised motor insurance premiums based on data collected by telematic devices. In India, Insurance Regulatory and Development Authority of India (IRDAI) too has come out with a discussion paper on ‘Telematics and Motor Insurance’.
Maps for Autonomous Vehicle & Vehicle Navigation:
Large scale, precise and updated maps is a MUST have requirement for autonomous vehicle. It helps the vehicle navigate the roads with the inputs from sensors and positioning device. It is important for the automotive industry to have a close discussion with the digital map makers of the country to discuss the need and preparedness for the futuristic transport.
An automotive navigation system is part of the automobile controls or a third party add-on used to find direction in an automobile. It typically uses a satellite navigation device to get its position data which is then correlated to a position on a road. When directions are needed routing can be calculated. On the fly traffic information can be used to adjust the route.
Automotive Telematics for Startups:
Automotive technology includes GPS navigation and geolocation, to confirm precisely where vehicles and other assets are at all times. Telematics relies on a series of sensors and transmitters, which can be installed and attached to truck components such as the engine. Other telematics devices include portable units operated by the driver.
Telematics allows electronic vehicle tracking, which is helpful for security, ensuring that these resources are where they are supposed to be. The tracking function can aid in the recovery of property and help prevent unauthorized or off-hours movement.
Automotive telematics solutions support rich, connected in-car experiences, while also connecting vehicles to one another, pedestrians, road infrastructure and the cloud.
Several Indian startups have come up recently in a bid to cash in on the growing market for vehicle telematics, which is in much demand today, thanks to auto innovations evolving on a regular basis.
Fleet Telematics for Logistics & Transport:
Fleet management is a system of technologies and procedures that helps organizations to use their resources with maximum efficiency and cost control. A variety of organizations operate motor vehicle fleets that include both motor vehicles and non-motorized assets. Fleet management optimizes routing, equipment maintenance, fuel management and more, for both motorized and non-motorized assets.
The ability to locate vehicles in real time allows fleet managers or dispatchers to route vehicles on the move. Managers can respond to reports of traffic congestion, bad weather or other issues and redirect the vehicles, reducing or eliminating excess mileage or travel hours. Vehicle fleets that use telematics tracking and routing can realize much greater productivity through this intelligent route plotting.
Fleet Telematics for STCs and Public Transport:
Telematics systems offer opportunities to make urban transport faster, more efficient and to support travellers. Communication technology can help to better coordinate traffic flows with the help of satellite-based applications, global positioning systems, wireless data transmission, automated traffic counting devices, and high-resolution cameras.
These new technologies allow transport management for example to give priority to public transport, improve parking management and better enforce road rules. They can also provide passengers with real-time information and mobile guidance.
The emergence of Intelligent Transportation Systems (ITS) and smart city initiatives presents opportunities for telematics companies to extend and customize current offerings to open up this market.
A number of leading providers have identified significant potential in the public bus market, particularly in emerging regions such as India and China, where buses play a prominent role in public transport. From a technological point of view, the prevalence of smartphones and tablets is changing how public transportation companies think about telematics, creating new opportunities for cost sensitive user.
Stakeholders from across the automotive telematics & autonomous car development value chain.