Connected cars will represent one fifth of the global car market by 2019, claims research
According to the latest research note from Juniper Research, 20% of passenger vehicles on the road in 2019 will be connected.
The findings come in a new whitepaper, entitled ‘M2M in an IoT World’. Juniper argues telematics will remain the best performing sector in all M2M markets over the next five years. Describing it as one of the “cornerstones” of the broader M2M industry, the researchers note the wide variety of use cases, including usage-based insurance and stolen vehicle recovery services.
Regarding the overall M2M sector, Juniper anticipates service revenues of over $40 billion globally by 2019 – double the size of today’s market. Revenues from telematics will be “substantially” greater than smart metering over the course of five years.
The connected car ecosystem in 2019 is a fascinating area to examine. A report from the Society of Motor Manufacturers and Traders (SMMT) issued back in March argues that by 2019, the development of driverless vehicles will move into level three, a level of ‘conditional automation’. The driver would not need to monitor the dynamic driving task, nor the driving environment at all times, yet has to always be in a position to resume control should something go wrong. The system would perform longitudinal and lateral driving tasks, and alert the driver to resume driving in sufficient time.
Elsewhere, Juniper notes that the US remains the leading geographical region for M2M, ahead of Western Europe, yet notes the importance of China in future analysis due to undertakings from the country’s major carriers beginning to take shape.
You can find the whitepaper here (email required).