Connected vehicles, which were usually called telematics systems in the past, have received strong interest in the last decade and their importance have increased significantly in the last five year. The rapidly improving wireless and software technologies are major driving forces that make connected vehicles desirable at reasonable costs. The other major reason is the mobile phone and smartphone had created a growing demand for connectivity in connected vehicles by drivers and passengers. Wireless communication to the car is currently dominated by 4G LTE technology. 5G technology is on the horizon, but is not expected in cars until 2021 with volume deployment around 2023. 5G will not become the leading technology in cars until the 2027 timeframe. V2X technologies are also emerging, but there is a technology battle between DSRC-based V2X and C-V2X. It is unclear which technology will dominate and it could depend on regions. It looks like C-V2X has received market momentum and is expected to be the winner in some regions—but volume deployment will follow 5G deployment.
This report is focused on covering telematics and connected car technologies and their current and future applications. It includes an assessment of the status of connected vehicle technologies. Forecast summary of multiple market segments are included on a global basis.
OEM and supplier analysis
Connected vehicle market forecasts
Summary and conclusions
Dr. Egil Juliussen is Director of Research, Automotive Technology at IHS Markit, where he leads research on technology forecasting, competitive analysis and market forecasting.
He has more than 30 years of experience in the computer, communications, Internet and telematics industries.
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