Connected electric vehicle systems market set to grow

Worldwide revenue from connected electric vehicle systems is expected to grow from $96.3 million annually in 2016 to $36.6 billion by 2025, according to a new report from Navigant Research.

Automakers and governments are striving to meet consumer demands for safer cars with lower emissions and energy consumption. This push is driving the development of a number of crucial technologies, including electrification and automated driving systems that rely on real-time data to vehicles, drivers, and pedestrians, through connected vehicle systems as vehicle-to-external communications.

“According to the U.S. Department of Transportation, adding vehicle-to-external communications could help prevent 70 to 80 percent of vehicle crashes,” says Sam Abuelsamid, senior research analyst with Navigant Research. “Connected vehicles have enormous potential to provide drivers with increased situational awareness of upcoming hazards and congestion.”

Connectivity is also a key enabling technology for plug-in electric vehicles and fuel cell vehicles, according to the report. The limited electric driving range of most current PEVs makes it important for drivers to take advantage of opportunistic charging and be able to remotely monitor the battery charging status. Even conventional internal combustion engine vehicles can benefit from real-time information provided through connected vehicle systems, to help avoid congestion, saving time and energy.

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