The number of connected vehicles in service globally is expected to more than double over the next four years, from 192 million vehicles in 2023 to 367 million in 2027, according to a new report from Juniper Research (Connected Vehicles: Operator Opportunities, Competitor Leaderboard & Market Forecasts 2023-2027).
Connected vehicles are defined as vehicles equipped with communication technologies that allow the exchange of information between various elements of the transport system and third-party services. Their growth is being driven by advances in Advanced Driver Assistance Systems (ADAS) and the capabilities of in-vehicle infotainment systems.
The report’s authors identify the high speed and low-latency of 5G as critical to unlocking use cases, such as autonomous driving and data-heavy infotainment via 5G, with 5G set to account for 23% of automotive cellular connections globally in 2027.
The research predicts that by 2027 commercial vehicles will account for 20% of connected vehicles worldwide, up from 16% by the end of 2023.
While commercial vehicle design is currently not leveraging connectivity beyond simple emergency call features and basic connected infotainment systems, this is starting to change as businesses prioritise fleet tracking and logistics capabilities.
https://www.juniperresearch.com/whitepapers/why-operators-are-drivingconnected-vehicles
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