Connected VehicleMarket Report

Prognostics and OTA Updates have potential to save Ride-sharing providers US$3.9 Billion in 2028, says report

ABI Research has released a report on role of Prognostics and OTA updates in Ridesharing industry. The important points mentioned in the report are as follows:

High Robo-Taxi vehicle utilization rates above 70% will be required to undercut the current cost of vehicle ownership of $0.71 per mile. At these rates, ensuring minimal Robo-Taxi downtime through over-the-air (OTA) updates and advanced prognostics, as well effective fleet-management will be crucial to future driverless mobility providers. Without it, Robo-Taxi downtime would cost ridesharing providers US$3.9 billion in 2028.

OEMs have made important strides to prepare for their transition to mobility providers meanwhile, the current ridesharing service providers—Uber, Lyft, etc.—that are deemed by many commentators to be the principals of the future mobility market, have no experience of vehicle ownership or maintenance of large fleets of vehicles.

Preventative maintenance solutions found outside of the automotive market, such as that from preventative maintenance provider, Predii and defense prognostic service provider, The Ridgetop Group, may therefore have an important new application in the automotive market.

These solutions will not only help enable effective preventative maintenance but will also help detect safety-critical faults in sensors such as LiDAR before failure of the device, which may be crucial for functional safety and fail-safe operation.

The development of Over-The-Air updates for effective software management is finally starting to gain some traction in consumer vehicle applications. OEMs have realized that these solutions will significantly help reduce the cost of software related recalls that currently cost OEMs over US$17.3 billion globally per year. Function-on-demand OTA, as seen in current Tesla models, will also help generate significant additional revenue opportunities for OEMs, over US$2.5 billion in 2028.  Solutions from Airbiquity, HERE, Movimento, and Wind River are due to hit the market over the course of 2018 to 2020.

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