To stay ahead in this competitive industry and meet customers’ expectations, automobile companies are increasingly utilizing the power of automotive IoT (Internet of Things). The term refers to a complex chain of devices, such as cameras, sensors, GPS trackers, etc., connected to the cloud and providing real-time data, assisting in the effective optimization of the car manufacturing process. Also, automotive IoT facilitates advanced vehicle management capabilities, improved transportation efficiency, and a superior driving experience, defining the future vision of autonomous vehicles.
Automotive IoT has opened new avenues for automakers and buyers worldwide. From connected devices for cars to automated vehicles, the applications of IoT in the automobile industry have made a deep dent in the sector.
In short, the possibilities that IoT can bring to the automotive sector are immense, revolutionizing the way people commute and interact with their vehicles. According to Statista, the estimated amount of money invested in automotive IoT will reach $740 billion by 2025.
The Internet of Things allows for easier, faster, and more secure communication and data distribution between computers and connected devices, benefiting industries worldwide, and the automotive sector is no exception.
When it comes to vehicle maintenance, there are two approaches – preventive and predictive. Predictive maintenance always goes a step ahead of preventive. With automotive IoT, one can monitor the status of cars and all connected devices in real-time and predict when the vehicles require maintenance, preventing any serious issue from occurring or resolving a pertinent one before it turns critical.
One of the most remarkable benefits of Automotive IoT is CV2X (cellular vehicle to everything), connecting smart transport systems and vehicles. With the incorporation of IoT in the automobile industry, vehicles can share relevant information, like location, route, speed, etc., in real-time, managing traffic flow and reducing the risk of collisions or accidents.
Besides preventing accidents and maintaining vehicles, IoT-enabled in-vehicle infotainment systems entertain drivers and passengers throughout the journey. It provides services like navigation, music streaming, hands-free calling, voice assistance, etc.
Even though in-vehicle infotainment systems work only when connected to Wi-Fi or a smartphone with an internet connection, automakers are working to make it run autonomously in the future.
The benefits of IoT in automotive manufacturing are not just limited to improved vehicles and reduced accident rates. Roads and infrastructure play an integral role in the automobile sector. With IoT and AI applications in place, drivers can access smart infrastructure, adding a better driving experience, improved road safety, hassle-free parking management, and reduced collision rates.
The automotive IoT has brought a big revolution in fleet management. Accordingly, today’s trucks and other vehicles are integrated with location tracking, weight measurement, and other sensor-based systems, facilitating drivers and fleet managers alike.
The sensory data gathered from such trucks are stored in a cloud and then processed and conceptualized into a visual format. A fleet manager can efficiently utilize this data to monitor different parameters regarding fleet management.
Autonomous vehicles have been a hot potato in the automotive industry. Many automobile companies are constantly working to develop fully autonomous cars zooming around the roads. Even though industry leaders like BMW, Tesla, Waymo, etc. are already leveraging AI and IoT trends in the automotive industry to develop self-driving cars, a fully driverless vehicle is still a vision.
However, these industry giants have manufactured IoT-infused semi-autonomous vehicles that assist drivers with driving, parking, braking, and lane-changing activities, reducing the risk of human error and making driving a safer experience.
Other automotive IoT use cases are fleet management systems, providing fleet operators with multiple advantages. IoT devices help fleet operators monitor and manage the fleets of vehicles, like tracking fuel consultation, optimizing routes, and scheduling maintenance, to improve efficiency and reduce costs. Additionally, automotive IoT shares statistics on driver performance and health detects drowsiness, and sends idle alarms.
Furthermore, IoT sensors give signals and set off warning alarms for coolant temperature, low battery, engine maintenance, etc. With IoT in vehicles, fleet managers can automate various procedures like trip planning, product delivery, and superior service, resulting in improved customer experience.
A significant use of IoT in the automobile industry is the cloud-connected IoT boxes linked to telematics devices that offer real-time data on driver health and vehicle status. When IoT and telematics come together, it helps track the movement, position, conditions, and behaviour of vehicles within a fleet.
By utilizing the power of vehicle telematics, the car owner can monitor his vehicle even remotely. The benefits of vehicle telematics include remote vehicle speed limit controls, remote access to vehicle operation data, and vehicle collision notifications to third parties and emergency responders.
IoT-integrated vehicles receive software upgrades that help improve locking mechanisms, advance the in-car entertainment experience, reinforce cyber security, improve navigation, and other features. It is one of the most significant applications of IoT in the automobile industry, which improves both vehicles’ safety and performance as well as the driving experience.
A cellular vehicle-to-everything (CV2X) is one of the most remarkable IoT use cases in the automotive industry, which helps connect cars. Connected cars allow faster data transmission and enhanced vehicle communication. Depending on the vehicle’s connection with different objects, the CV2X can be segmented into four sub-categories:
The V2V connection allows nearby vehicles to exchange data related to the location, speed, and dynamics of vehicles. V2V plays a major role in preventing accidents and facilitating the easy movement of emergency vehicles, such as fire trucks and ambulances, through traffic.
V2I connection is a network of vehicles and road infrastructures that consists of traffic lights, toll booths, and lane markings. V2I helps manage traffic flow and avoid getting trapped at petrol pumps and toll booths in long queues.
By using a mobile app, pedestrians can connect with the CV2X network, which facilitates them to locate nearby taxis and track the estimated arrival time for public transit. Additionally, pedestrians can connect with the application with a pedestrian walking system and can change traffic signals to easily cross a road without the fear of accidents.
Vehicle-to-network refers to the effective connection of the weather forecast department and Intelligent Transport System (ITM) to alert drivers about changes in weather conditions or an accident on the road. Additionally, the driver can connect vehicles with smartphones to use voice commands for operating music systems and GPS while driving.
IoT in vehicles analyzes car sensors to collect data about the physical and psychological conditions of the driver. This data helps detect the driving pattern and behaviour of the driver, which can be further processed to provide extra support and security to the drivers. Also, the data can be used for insurance purposes. Some companies even incorporate IoT-enabled active wellness seats for drivers that monitor the heart rate and breathing rhythm, alerting drivers for feasible fatigue or naps and reducing the risk of accidents.
The applications of IoT have inspired innovation in just every aspect of the automobile industry, making it the driving force for the next generation of vehicles. With IoT in vehicles, you can monitor and manage vehicle statistics with only one swipe on the app. These real examples of IoT in automotive manufacturing are creating space for more extensive adoption and entering a new phase of revolution where all automobiles will be autonomous soon.
IoT in the automotive industry has unlocked new value for all involved parties and is continuing to evolve in the coming years. It is reshaping the way we look at the automotive industry, which actively works with self-steering, smart parking, AI-driven acceleration, and braking in Tesla vehicles.
Not only Tesla but even some of the latest models of BMW, Mercedes-Benz, and Audi are adopting IoT technologies and setting examples for automotive IoT to support their forward-thinking action plans for fully autonomous vehicles.
These advancements made by automobile companies in vehicles have the potential to revolutionize the industry, making driving safer, smarter, more efficient, and more sustainable than ever before.
In closing, the impact of new technologies on the aftermarket value chain cannot be overstated. As we’ve explored throughout this blog, these innovations are reshaping the landscape of the automotive industry, presenting both challenges and opportunities for aftermarket stakeholders.
From the rise of EVs and the need for specialized parts and services to the integration of IoT-enabled devices for predictive maintenance and the shift towards online purchasing through e-commerce platforms, the aftermarket value chain is undergoing a significant transformation. While traditional players may face disruption, there is also tremendous potential for growth and innovation for those willing to adapt and embrace change.
Intellinet Systems, acknowledged by Forbes India as one of the top 200 companies with global potential, specializes in advanced aftermarket software solutions for OEMs. With users spanning over 70 countries and operating in 9 different languages, they empower global OEMs by optimizing efficiency, improving customer experiences, and promoting sustainable growth in the ever-evolving aftermarket sector. In the age of efficiency, Intellinet’s range of software solutions simplifies operations for both established and emerging OEMs, with a specific emphasis on parts and service departments.
Last Updated on 2 months by Intellinet Systems