The automotive industry, with an annual production of 70 million units, is considered one of the largest manufacturing sectors in the world. Like any other industry, the automobile industry needs constant innovative updates to ensure its success streak. As one of the leading, disruptive technologies on the rise, IoT is the best tool to drive transformation across the automotive sphere.
The latest online reports suggest that the investments in the automotive IoT are expected to scale high and reach $740 billion by 2025.
The integration of IoT solutions into the automobile sector has helped to improve the quality of production workflows and services. Using IoT tech in organizational operations will also aid in identifying bottlenecks, improving ROIs, and enhancing employee safety.
Read more to find out the top applications of the Internet of Things (IoT) technology in this popular sector.
#Intelligent fleet management
Large vehicles including trucks are installed with several sensors to facilitate real-time monitoring features. To initiate effective IoT-based fleet management, the data collected from the fleet is stored in a cloud application, which is later processed and transformed into a visual format. Fleet management using IoT offers real-time monitoring benefits, including location tracking, cargo volume management, performance monitoring, route and time management, and more.
#Smart connected cars
The innovative technology behind connected cars offers quick transmission of data between vehicles and facilitates higher driver response time and ensures safety on roads. These smart cars are connected to each other through an IoT network, CV2X (cellular vehicle to everything), effectively bridging vehicles to innovative transport systems. On the basis of the vehicle’s connection with specific objects, CV2X is split into four divisions:
Vehicle to vehicle (V2V)– In a V2V connection, vehicles in close proximity get to share data like location, speed, etc with each other. This solution helps to avoid accidents and allows ambulances and other emergency vehicles to easily navigate through the traffic.
Vehicle to infrastructure (V2I)– Here the connection is between vehicles and road infrastructures like toll booths, traffic lights, etc. This connection enables well-defined traffic flows and helps to reduce queues at toll booths, and other facilities.
Vehicle to pedestrians (V2P)– The system allows a pedestrian to connect with the CV2X network using a mobile application. With the app, he/she can easily discover cabs in the area and monitor their approximate time of arrival.
Vehicle to network (V2N)– In this division, the weather forecast department and even the Intelligent Transport System can become part of the network and share data of real-time weather conditions or updates of any accidents on the road.
#Enhanced engineering and service offerings
The increasing capabilities of the Internet of Things technology have enabled the automotive industry to scale its design opportunities and ROIs. Having access to vehicle data, including the specific way a customer uses the product, allows them to modify features as it best suits their patrons. The applications of IoT have also opened the doors for quick and efficient management of system errors. The manufacturers can collect data on the vehicles and offer their services to resolve system errors in real-time.
Predictive maintenance, powered by IoT, ensures a long life for vehicle components. Sensors placed in different car components monitor the vehicle’s working status in real-time. On analyzing this data, the in-place system gives updates when any specific service is required. For instance, the oil level and quality sensors in vehicles monitor changes in real-time and give accurate information on the approximate time for an oil change.
#Agile telematics and infotainment capabilities
The Wi-Fi connection in cars has enabled the integration of telematics (transmission of computerized data) features to its system. This feature has scaled the security of vehicles in the IoT automotive industry. External sensors and cameras feed real-time data to the specific mobile application and the customer can use the app to keep surveillance on their vehicles.
The Wi-Fi feature in vehicles has also initiated smart infotainment practices in the automobile sector. Now, people can connect GPS and music systems of their cars to their smartphones and use them conveniently.
IoT technology has begun to revolutionize the automobile industry. As this disruptive technology will be refined in the coming years, we will witness more next-generation features in the automotive sphere.
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