According to study, “China Connected Vehicle Market
(2018-2023)” some of the major companies that
are currently working in the China connected vehicle market are Autoliv, Denso,
Robert Bosch GmbH, NXP Semiconductors, ZF Friedrichshafen, Continental AG, WirelessCar.
The connected vehicles are
different from the other basic primarily due to their access to the internet,
which offer by their communication system. It allows the driver to connect his
smartphone to the vehicle, but also the vehicle itself to connect to
surrounding cars and infrastructures.
The connected vehicle market is
categorized into connected car market, connected truck market, connected bus
market and connected train market.Connected car market is segmented into
wireless & cellular modules, fleet manager, processors, sensors, original
equipment manufacturer (OEM) services and aftermarket services. The applications
include of the connected vehicles include demand for the vehicle market which includes
infotainment, navigation and telematics.
The market of the connected
vehicles is also defined in terms of connectivity embedded, integrated and
tethered. The Embedded solutions provides on road experiences for passengers
and drivers. The integrated connectivity provides access tonavigation services
and remote control services andthe tethered connectivity offers many internet
protocol (IP) services. Based on the technology and the service of is segmented
into 2G, 3G and 4G/LTE.
The Ministry of Industry and
Information Technology (MIIT), the Standardization Administration of China
(SAC), the Ministry of Public Security (MPS), China Association of Automobile
Manufacturers (CAAM), the Ministry of Transport (MOT) and China Industry
Innovation Alliance for the Intelligent and Connected Vehicles (CAICV) are some
government agencies which are accountable for connecting some communication
equipment in all new vehicles. These agencies offer many certificate management
techniques and highly innovative encryption & methods for communication. In
addition, some authorized vehicle institutions are Beijing Intelligent Vehicle
Industry Innovation Centre, China Automotive Engineering Researching Institute
Co., Ltd. (CAERI), Shanghai Manufacturing Industry Innovation Centre and Qiming
Information Technology Company Limited, which would assist buses, trucks,
roads, trains, cars and other infrastructure for communicating between
smart-phones and other devices.
The market of connected vehicle is
mainly driven by increasing need for connectivity among the customers. Increasing
technological advancements, decreasing traffic congestion, reducing energy
consumption, incorporation of internet of things (IoT) based technologies; demand
for vehicle-to-vehicle (V2V) connectivity technology, improving safety and demanding
for an autonomous driving experience are increasing significantly which led to
the growth of the market.
The China has gain leadership in emerging
the next-generation cars with autonomous driving and internet connectivity. Moreover
country assumes one in every two new cars sold to be equipped with smart and at
least partial independent functions in the coming years. The development of
artificial intelligence, the industrial internet, 5G, smart manufacturing, use
of new energy and intelligent transport and smart city management are set to
develop the new range of connected vehicle market over a period of time.
In near future, country will be promoting
the Intelligent Connected Vehicle (ICV), which would be able to eliminate the traffic
congestion, reduces energy consumption, improve traffic safety and bringing social
benefits. It is expected that China will become prominent market due to
improved connectivity infrastructure and high growth in the automotive sector.
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