Digital Lifescapes

The time has come. The global transition to electric vehicles (EVs) is rapidly accelerating, propelled by government initiatives to reduce carbon emissions and mitigate climate change.  As concerns over the environmental impact of traditional internal combustion engine (ICE) vehicles mount, nations worldwide are implementing aggressive policies to spur the adoption of EVs and the deployment of vehicle battery charging infrastructure. According to the latest global market study by Juniper Research, this driving force of progressive government intervention is catalyzing EV transformation growth. Electric Vehicle Market Development Juniper analysts have reviewed the pivotal role government policies are playing in shaping the future of the EV market. They highlight the various incentives, subsidies, and mandates introduced by countries globally to encourage rapid EV adoption. One of the most striking findings from the Juniper Research study is the projected 194 percent growth in the to...

In an era defined by rapid technological advancements, the automobile sector has emerged as a vanguard of innovation, boldly steering into the digital technology era. And, this is just the beginning of an amazing digital transformation. Automobile manufacturers face the considerable challenge of transferring their legacy products to Electric Vehicles (EVs) while balancing the need to maintain revenue and profits to afford the switchover from internal combustion engines. Automobile Digitalization Market Development According to the latest worldwide market study by ABI Research, automobile manufacturers will have invested $83.3 billion in digital technologies in 2023, growing by a CAGR of 8.5 percent to surpass $188 billion in 2033. "The transfer to EVs is driving demand for software, as manufacturers need to design new vehicles and simulate the vehicles' performance. The new production lines will also need to be simulated before launch," said Michael Larner, research direc...

The demand for smart traffic management systems has grown due to rising urban populations and increasing vehicle ownership. With more people and cars concentrated in cities, problems like traffic congestion, air pollution, and greenhouse gas emissions are pressing issues. Since the early 2000s, government leaders have been exploring ways to leverage advances in IoT connectivity, sensors, artificial intelligence (AI), and data analytics to address these transportation challenges. The concept of a Smart City emerged in the 2010s, with smart mobility and intelligent traffic management as key components.  Smart Traffic Management Market Development Concerns about continued climate change, as well as cost savings from improved traffic flow, have further motivated local government investment in these advanced systems. According to the latest worldwide market study by Juniper Research, they found that by 2028, smart traffic management investment will be up by 75 percent from a 2023 figure...

Government decarbonization targets are specific goals set to significantly reduce or eliminate carbon dioxide and other greenhouse gas emissions. These targets are a critical component of global efforts to combat current climate change risks. Governments establish these goals to mitigate the adverse effects of climate change by promoting the adoption of renewable energy sources, enhancing energy efficiency, and sustainable transportation. These targets typically involve setting a timeline with measurable milestones to track progress and ensure accountability toward a cleaner, healthier planet for future generations. Electric Vehicle Market Development With the growing government decarbonization targets, Electric Vehicle (EV) production will increase rapidly this decade. New EV adoption will require a corresponding growth in EV battery output. According to the latest worldwide market study by ABI Research, global EV battery output production will increase nearly six times to 2,585 GWh b...

Battery power management is a critical technology for the evolution of Electric Vehicles (EVs). It's the process of optimizing the use of battery energy to maximize the range and performance of an EV.  A Battery Management System (BMS) can monitor the battery's state of health and use a variety of algorithms to control the charging and discharging of the battery. BMSs can also help to improve the efficiency of the EV by reducing energy loss. Advanced BMS software could save automakers $18 billion annually in 2030, equivalent to $76 billion cumulatively from 2024. ABI Research finds that intelligent BMS software can reduce the size of EV batteries without reducing their range. This performance efficiency helps to cut the cost of manufacturing EVs, enabling automakers to mitigate the effects of limited battery production and achieve greater profitability. Battery Management System Market Development "OEMs are struggling with two competing issues: the demand from customers fo...

Building on significant advances in big data, analytics, and the Internet of Things (IoT), more innovative transit service offerings aim to increase public transport ridership and reduce emissions or congestion within metropolitan areas. By providing these services through smartphone apps, the transit services also significantly increase user convenience, providing information on different human mobility offerings -- including public transport, ridesharing, and autonomous vehicles. Mobility-as-a-Service Market Development According to the latest market study by Juniper Research, Mobility-as-a-Service (MaaS) subscribers will generate $53 billion in revenue for MaaS platform providers by 2027 -- that's rising from $5.3 billion in 2021. Let's start with a basic definition. MaaS is the provision of multi-modal end-to-end travel services through single platforms, by which users can determine an optimal route and price. The study identified a monthly subscription model as key to incr...

Given the current trends across the globe, organizations that depend upon the continued growth of personal vehicle ownership will need to consider a plan-B scenario. While some companies will be able to adapt, others may find that their traditional business model has been totally disrupted. According to the latest worldwide market study by Juniper Research, Mobility-as-a-Service (MaaS) will displace over 2.2 billion private car journeys by 2025 -- that's rising from 471 million in 2021. Juniper believes that for MaaS to enjoy widespread adoption, subscription or on-the-go packages need to offer a strong combination of transport modes along with feasible infrastructure changes, high potential for data collection and low barriers to MaaS deployments. Mobility-as-a-Service Market Development The concept of MaaS involves the provision of multi-modal end-to-end travel services through a single platform by which users can determine the best route and price according to real-time traffic ...

The technology sector is a key driver of the U.S. economy. Therefore, components like semiconductors play an important role in America's future. The 'CHIPS for America Act' is a new law that calls for incentives on domestic semiconductor manufacturing and investments in research and development. But these renewed efforts will require years of ongoing commitment. Meanwhile, despite the impact of the COVID-19 pandemic, the semiconductor market performed well in 2020. However, new demand by industry was uneven throughout last year due to global lockdowns, remote working adoption, and shifts in consumer and commercial buying behavior. Worldwide semiconductor revenue grew to $464 billion in 2020 -- that's an increase of 10.8 percent compared to 2019, according to the latest market study by International Data Corporation (IDC). Semiconductor Technology Market Development IDC now forecasts that the semiconductor market will reach $522 billion in 2021, that's a 12.5 percent...

Outdoor surveillance cameras will be the largest market for 5G wireless Internet of Things (IoT) solutions worldwide over the next three years, according to the latest global market study by Gartner. The municipal deployed surveillance camera market will represent 70 percent of the 5G IoT endpoint installed base in 2020, before contracting to 32 percent by the end of 2023. 5G IoT installed endpoints for outdoor surveillance cameras will reach 2.5 million in 2020, 6.2 million units in 2021 and 11.2 million units in 2022, but will be surpassed by connected cars in 2023. 5G IoT Applications Market Development "Cameras deployed by city operators or used to ensure building security and provide intruder detection offer the largest addressable market as they are located outdoors, often across cities, and require cellular connectivity," said Stephanie Baghdassarian, senior research director at Gartner . Gartner predicts that the 5G IoT endpoint installed base will more than...

The global automotive industry continues to explore ways to integrate the internet of things (IoT) technology into vehicles during the manufacturing process. Connected car capabilities provide the foundation for third parties to offer innovative new telematics-related applications. According to the latest worldwide market study by Berg Insight, the number of active aftermarket car telematics units will grow at a compound annual growth rate (CAGR) of 20.6 percent from 58.7 million at the end of 2018 to 150 million at the end of 2023. Automobile Telematics Market Development Berg Insight’s definition of an aftermarket car telematics solution includes both cellular GNSS and RF-based solutions. A growing number of aftermarket telematics services have in the past few years become available for consumers that want to add services and connectivity to automobiles. Berg Insight forecasts that shipments of aftermarket car telematics devices for consumer applications will grow from 20.3 m...

Simulation software applications have more upside growth potential across the globe. Industrial companies have already applied the software for use cases to build manufacturing systems, deploy new production lines, and evolve factory planning methodologies. While no single manufacturing technology drives this transformation movement, simulation software now holds the potential to act as a significant catalyst for a new Industry 4.0 platforms. Simulation Software Market Development If simulation software can accurately predict the effects of other technologies on the core goals of manufacturers -- i.e. more production, more uptime, improved time to market, improved quality, fewer delays, more efficiencies, greater utilization of assets, all at lower costs -- then companies will deploy more technologies at scale with greater confidence. The market for factory simulation software products will grow at a compound annual growth rate of 11 percent to reach $4.1 billion for over 172,0...

In-vehicle technologies and telematics, in particular, will transform the automotive industry. The term ‘connected cars’ refers to devices installed in the vehicle which allow Machine-to-Machine (M2M) communication or machine-to-human interaction. M2M is communication between two single machines with no human interaction. In terms of vehicle telematics, this allows data to be sent from the vehicle to another location and used for vehicle conditioning or to monitor driver behavior. Connected Car Market Development According to the latest worldwide market study by Juniper Research, over 62 million vehicles will be capable of Vehicle-to-Vehicle (V2V) communication by 2023 -- rising from just over 1.1 million in 2019. This adoption represents an average annual growth rate of 173 percent over these 4 years. Juniper believes that V2V solutions will enable low-latency communications between vehicles, notably for the purpose of driver safety. The new market analysis found that th...

Automobiles are getting smarter and more connected to the world around them. The term 'Connected Cars' refer to devices installed in the vehicle which allow Machine-to-Machine (M2M) communication or machine-to-human interaction. M2M is communication between two single machines with no human interaction. Regarding vehicle telematics, M2M technology enables data to be sent from the vehicle to another location and used for vehicle conditioning or to monitor driver behavior. Connected Cars Market Development According to the latest worldwide market study by Juniper Research, 775 million consumer vehicles will be connected via telematics or by in-vehicle apps by 2023, rising from 330 million vehicles in 2018. This is an average annual growth of 18.7 percent over the next 5 years. Juniper forecasts that automotive OEMs will enable in-vehicle infotainment systems to be accessible to third-party developers. In turn, this will accelerate the expansion of new technologies and ser...

Many CIOs and CTOs are pursuing a competitive advantage that's enabled by emerging technologies. As an example, early-adopters in the automobile industry are exploring use cases with Augmented Reality (AR), because it offers benefits to the whole value chain -- from product design through production and sales. As a result, smart glasses shipment for global automotive industry use will reach 1.7 million units in 2022. The total automotive AR market is expected to grow at CAGR of 177 percent during the forecast period and reach $5.5 billion in 2022, according to the latest worldwide market study by ABI Research. Augmented Reality Apps Market Development "Augmented Reality benefits automotive manufacturers at many stages of a product cycle, including design, prototyping, manufacturing, and marketing," said Marina Lu, senior analyst at ABI Research . In design, digital 3D visualization and analysis of body structure and components can save time and resources. Collabor...

The notion of Connected Cars refers to devices installed in a vehicle which allow Machine-to-Machine (M2M) communication. Moreover, M2M is typically wireless communication between two single machines or systems, without requiring any human interaction. In relation to vehicle telematics, this capability enables data to be sent from the vehicle to another location and thereby used for vehicle conditioning, or to monitor the vehicle driver's behavior. Beyond the connected car ecosystem, there are opportunities for integration with other emerging technology ecosystems -- such as the smart home and smart city technology. The ultimate commercial value of the ecosystem will be determined by others, such as government policymakers and Mobile Network Operators (MNOs). Connected Car Market Development A new market study by Juniper Research has revealed that, by 2022, 50 percent of consumer vehicles on the road will have at least one connectivity service -- such as telematics, vehicle...

By 2025, just about 15 percent of new passenger car sales worldwide will be autonomous vehicles, with either conditional or full autonomy (level 3 or level 4) capabilities, according to the latest market study by Canalys. Canalys also estimates that only 1.3 percent of cars sold in 2016 will offer partial autonomy (level 2) and the only cars with conditional or full autonomy in 2016 are for research and development purposes or being used in small public trials. The few cars available in 2016 with level 2 autonomy come from premium car brands, and the functionality is an optional feature. Autopilot from Tesla, Pilot Assist from Volvo, Intelligent Drive from Mercedes-Benz, and Traffic Jam Assist from Audi and BMW are the leading examples of level 2 autonomy solutions. Autonomous Vehicle Market Development The functionality has taken a long time to reach the market in volume, reflecting the slow pace of innovation and the high level of conservatism in the regulation-bound automoti...

The automotive technology market will continue to evolve as cognitive computing enhances the transportation sector. Self-learning artificial intelligence (AI) in automobiles is the key to unlocking the capabilities of autonomous cars and enhancing value to end users through virtual assistance. This nascent technology offers original equipment manufacturers (OEMs) access to new revenue streams through licensing, partnerships and mobility services. Simultaneously, the use-case scenarios of self-learning AI in cars are drawing several IT vendors, Internet of Things (IoT) technology companies and mobile network service providers to the automotive industry. The combined technologies have also attracted attention and investments from governments, due to its potential to improve urban lifestyles and add national and local economic development value. Automotive AI Market Development Frost & Sullivan -- which already offers market insights into power-trains, car-sharing and smart mo...

Telecommunication service providers are exploring new business models, and some have already experienced growth. Mobile network operator revenues from the Internet of Things (IoT) has reached €11 billion in 2016, according to the latest worldwide market study by Berg Insight. During the course of 2016, a few leading telecom service providers have reported impressive IoT revenues on a regular basis. In the third quarter (Q3) of 2016, Vodafone and Verizon generated around €200 million each in direct sales from IoT connectivity and other associated services. Next year, Berg Insight predicts that a handful of established network operators could generate more than €1 billion each from the Internet of Things related products and services. Service Provider IoT Market Deveopment "Until recently, the principal financial metrics for IoT has been projected, not actual, revenues. Now the market has entered a new phase in which hard business facts take precedent over lofty projections,...

Self-driving or autonomous vehicle (AV) technology may improve road safety and reduce traffic accidents -- the vast majority of which are caused by human error -- as well as provide mobility for the elderly or disabled population around the globe. ADAS (Advanced Driver Assistance Systems) are the core elements of AVs and their adoption in production automobiles is increasing rapidly, partly as a result of stringent safety specifications. Autonomous Vehicle Market Development According to the latest worldwide market study by Juniper Research, the annual production of self-driving cars will reach 14.5 million in 2025 -- that's up from only a few thousands in 2020 -- to give a global installed base of more than 22 million consumer vehicles by 2025. The study found that the market adoption of AV technology is likely to accelerate over the next few years, propelled by new regulatory requirements, environmental pressures, and rapid technological developments. The market anal...

Urban transportation is undergoing a revolution that's being driven by a variety of technologies. They've enabled new and disruptive business models. Recent research findings now indicate more changes are coming. Where there's big change, there's often big opportunities. The emerging category of Mobility as a Service (MaaS), which provides aggregated, single account, on-demand multi-modal transportation services, is quickly gaining momentum. According to the latest market study by ABI Research, global MaaS revenues will exceed $1 trillion by 2030. The anticipated impact on traditional transportation modes -- such as car ownership, buses, trains, taxis, and rental cars -- is causing a reevaluation of the economic foundation for legacy transportation companies. Everything as a Service Market Development "Driverless technology, through the Car as a Service (CaaS) paradigm, will be the defining factor for the success of on-demand mobility, offering consumers th...