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Connected Cars as the Future Living Space to Trigger Growth Opportunities for Multiple Industries
May 16, 2016 | Frost & SullivanEstimated reading time: 2 minutes
In future, cars will not only remember as well as learn preferred routes and driving styles but also provide tools to monitor their users’ health condition and provide additional in-car services. Health, wellness and well-being features will spread to cars. “Your everyday car commute will also be your health kiosk, with the car running a full diagnosis of your body”, explains Sarwant Singh, Frost & Sullivan Senior Partner. This will make cars the next living space. They will serve as an extension of ourselves, our homes – or in the case of healthcare of our doctors. Allowing for health monitoring applications to be used, either via cloud, embedded or through devices which connect with the car, will prove to be the future central differentiation factor.
During its upcoming annual industry event “Intelligent Mobility”, taking place on 29th of June at the Jumeirah Carlton Hotel in London, Frost & Sullivan will offer a platform to meet and discuss the influence of Mega Trends on the mobility industry as well as explore possible synergies between different sectors. Mr. Singh will give the keynote speech highlighting the importance and range of different Mega Trends which have the potential to entirely alter the way cars are designed and used. “Cars will provide a variety of services - on your way to work, to the gym, to dinner – all without spending any of your personal time and while also driving largely autonomously”, Mr Singh explains.
By 2025, vehicles will move from level 3 autonomy, where the driver is still required to take over in difficult situations, to level 5 where the car will operate completely autonomously. This will encourage OEMs and other companies to develop new business models for car sharing, insurance and leasing. Frost & Sullivan estimates that the revenue potential for the autonomous driving market will grow rapidly from $10 billion in 2020 to over $65 billion in 2030.
This and many more hot topics will be discussed during the opening Mega Trends panel discussion. Industry leaders and experts such as John Fleming, Former Executive Vice President, Global Manufacturing and Labor Affairs, Ford Motor Co., Chris Thomas, Founder and Partner, Fontinalis Partners and Olivia Price-Walker, Principal Consultant, Visionary Innovation, Frost & Sullivan, as well as Hubertus Von Roenne, VP Global Industry Practices, BT, will join the panel to discuss the Mega Trends influencing any organization involved or planning to get involved with mobility.
Besides focusing on Mega Trends, Intelligent Mobility will bring together industry experts on autonomous business ideas, the future of connectivity, corporate mobility, integrated transport solutions as well as new mobility concepts. The conference will be complemented by a debate at the House of Lords and the Frost & Sullivan Intelligent Mobility Awards Banquet, a black tie evening and gala dinner.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
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