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Internet of things, which was considered the technology of the future, has reached almost every household now. According to a report by IHS Markit, 27 billion IoT devices were active in the year 2017, and it is expected to reach 125 billion by the end of 2030. IoT devices are rapidly changing the way we live. Whether we notice it or not, we use IoT devices on a regular basis.
The automotive industry is also making optimum use of this fast emerging technology to make their system more efficient. IoT is helping the automotive industry to achieve greater transportation efficiency and management capabilities. According to market research by Netscribes, the global automotive IoT market is expected to reach 106 billion dollars by 2023. The introduction of 5G technology is on its last stages which will allow a fast data transfer, response time and an enhanced vehicular communication. 5G technology is also expected to drive the automotive industry towards a more intelligent and autonomous vehicle.
IoT has already been adopted in several areas of an automobile. Some of the most innovative uses of the Internet of Things devices in the automotive industry are as follows:
Predictive maintenance: IoT sensors which are present in the vehicular components monitor functional metrics like temperature, engine status, and electrical systems. These metrics are used to measure the performance variables. Predictive analysis of this information helps the owners to be updated about any issues and address the problem before it becomes fatal.
Safety and Surveillance: Rear view cameras that are installed on the outside acts as an external sensor which help to provide a 360-degree view for the driver to avoid any blind spots. The advanced sensors also monitor the traffic around the vehicle and safe driving for the driver.
Data Analytics: sensors which are installed in the cars send real-time data to the manufacturer. The analysis of this data helps the manufacturer to monitor the real-world problems and work on a possible way to mitigate that problem.
Infotainment: smart tools that are installed in the car provides in-car navigation, telematics, and entertainment. Google and Apple offer many innovative in-car features for entertainment and navigation purposes.