After over 20 years of advances in the world of mobile connectivity, big data and social networks, technology is now rapidly infiltrating the traditional realm of the automotive industry and shaping it to be at the forefront of global technology.
This new form of “connected mobility” is driving new technologies in the world of navigation, analytics, driver safety, driver assistance and information virtualization. The challenge of understanding the opportunities and the threats (both cyber and physical) of this new industry will set the scene for a new competitive environment for both traditional OEMs and non-traditional players looking to establish themselves as the global leader of connected mobility.
At the same time, the rapid emergence of markets like China has changed the nature of competition in the 21st Century global auto industry as well as the commercialization pathway for such technology frontiers. The rapid embrace of mobile connectivity by Chinese mobile device users, combined with the commercial aggressiveness of China’s internet giants will create conditions conducive to the rapid commercialization of smart connected car technologies. As the leading automotive market, China is poised to revolutionize the global automotive industry, especially in the area of the Internet of Vehicles, making mobile vehicle connectivity the next great frontier of automotive innovation.