With new opportunities come new challenges.
The market for automotive IoT and connected cars is set to reach a staggering $133 billion by 2024 – generating serious potential profits for OEM’s and Tier 1 suppliers.
Reliable connectivity for connected cars can help with everything from Telematics to preventive maintenance to accident prevention and enhanced entertainment systems.
Autonomous driving will be facilitated by V2X (vehicle to everything) connectivity and the emergence of 5G connected cars, which will provide a new – more convenient – driving experience.
But connected cars will meet challenges and stiff resistance too.
It will only take a couple of accidents caused by connected technology for progress to be delayed by years. Regulators and consumer groups will also push back against anything they perceive as risky.
To succeed in this exciting new market, automotive suppliers and car manufacturers will need to show they meet the highest standards of security and connectivity.
The IoT in Automotive market worth $133B in 2024
4 key features connected car offerings must deliver
Car manufacturers and Tier 1 providers need to build trust in their connected car offerings if they are to enter this lucrative and fast-growing market. They must demonstrate that connected cars offer:
- Inviolable security
If a connected car can be breached, the risks are enormous – from private data being leaked to hackers taking control of the vehicle. Any connected securing element must implement the highest security standards.
- Device lifecycle management
It needs to be possible to remotely update, patch, and improve connected car applications and embedded devices. This process will keep connected cars working at optimal performance and protect them against new cyber risks while enhancing the user experience.
- Always-on, reliable connectivity
Any connected automobile must be able to transmit data rapidly and reliably. Delays could confuse the driver and even generate accidents.
- Worldwide and seamless operation
Any connected vehicle component, device, or app must be suitable for deployment in any market around the world without complex adjustments for different markets.
Thales’ dedicated automotive connectivity solutions, advanced security expertise, and device lifecycle management platform allow you to meet the requirements of the connected car of the future. OEM’s and Tier 1 suppliers use our dedicated eSIM, and cellular modules are used by for a wide range of applications.
Thales State-of-the-Art Automotive Solutions provide OEMs and Tier 1 suppliers with:
- Dedicated automotive-grade cellular connectivity modules
- Product design according to AEC Q100
- LTE Advanced Pro high-speed connectivity
- V2X secure connectivity
- Advanced temperature management
- Automotive-grade eSIM and Secure Element
- Embedded processing
- Renowned security expertise: ID and credential management, and full data encryption
- Fully certified automotive quality processes and services
Thales solutions for automotive IoT
CONNECT smart vehicles
Vehicle manufacturers demand uninterrupted connectivity from any smart device in their cars – delays in data transmission could put lives at risk or spoil the user experience. Thales’ dedicated automotive connectivity solutions offer you:
- Robust and tamper-proof cellular modules which reliably transmits data even in the most extreme environments of temperature, vibration or moisture