Digital Lifescapes

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...

Fintech startups and traditional financial service providers have seen significant upside opportunities in the payments sector. Smartphones are already an integral channel for eCommerce and Point of Sale (POS) payment transactions. The global COVID-19 pandemic accelerated the transition to mobile phones for payments. Throughout the pandemic, mobile devices were facilitating payment transactions online and in-person -- e.g. while using the Internet to shop at retail sites, or on-premises by using a digital wallet via Near-Field Communication (NFC). Remote Mobile Payments Market Development According to the latest worldwide market study by Juniper Research , the value of biometrically authenticated remote mobile payments will reach $1.2 trillion across the globe by 2027 -- that's rising from $332 billion in 2022. These transactions use biometrics, typically facial and fingerprint recognition, to authenticate remote mobile payments. This growth of 365 percent is driven by recent regul...

It's estimated there are over 1.1 billion personal vehicles currently in use globally. Juniper Research predicts steady growth for all eight key regions, with vehicles on the roads reaching 1.2 billion around the world in 2025. North America, West Europe, and the Far East & China have the highest number of vehicles in use per 1,000 persons of the population. In recent years there have been changes in the market, with higher adoption of hybrid and fully electric cars which require more complex operational monitoring technology. Plus, with more people embracing remote and flexible working models, the car can become a mobile office with all the associated business requirements, including reliable broadband connectivity. Connected vehicles can utilize several types of technology. Among those, existing mobile communications network infrastructure already plays a key role, in some cases, in tandem with short-range technology, such as Road-Side Units (RSUs). Connected Vehicles M...

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...

Growing safety concerns about driving and traffic accidents, plus the recognition by national governments of the apparent advantages of driverless vehicles, will accelerate the deployment of new services that are assisted by the Internet of Things (IoT) infrastructure. ABI Research anticipates that semi-autonomous systems will lead the market over the next decade, with SAE level 2 and 3 systems accounting for 86 percent of autonomous vehicles shipping in 2026. Higher levels of autonomy will gain traction quickly, representing just under one-third of autonomous vehicles shipping in 2030. Autonomous Vehicle Market Development "Driverless cars will transform the way mobility is consumed, bringing environmental, societal and convenience advantages to the end user," says James Hodgson, analyst at ABI Research . "It also represents a fundamental disruption to the business model that dominated the automotive market for almost one century." ABI now believes that OEM...