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For the automotive industry the emergence of the IoT constitutes a disruptive and transformative environment characterized by value chain and business model upheaval and a “collaborate or die” ecosystem friction reality. It is prompting the automotive industry to redefine and reinvent itself in order to capitalize on the huge opportunities of this key vertical in the new IoT economy. The absorption of the automotive industry in the wider IoT is driven by new connected car use cases such as EVs as a mobile grid and vehicles used as delivery locations. As this IoT revolution unfolds, automotive innovation and value creation will be shifting to the boundaries with other industries.
This report covers smart car IoT applications related to home automation, smart grids, smart cities, healthcare and retail including forecasts for the number of registered vehicles featuring IoT services per region and type of service. Specific issues related to this emerging environment and main ecosystem players are also described.