Connected cars of the future will do far more than just get us safely from A to B, according to Frost & Sullivan.
In addition to learning preferred routes and driving styles, the research firm expects future connected cars to provide services from other industries, including tools to monitor their users’ health and well-being.
“Your everyday car commute will also be your health kiosk, with the car running a full diagnosis of your body,” predicted Sarwant Singh, Frost & Sullivan senior partner.
If the company is right, cars will become “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,” Frost & Sullivan claimed.
Next month the company will host Intelligent Mobility, its annual industry event, offering a platform to meet and discuss the influence of so-called mega trends on the mobility industry as well as explore possible synergies between different sectors.
Singh will give the keynote speech, highlighting the importance and range of various mega trends which have the potential to completely change 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,” Singh explained.
Frost & Sullivan believes that 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 is expected to encourage OEMs and other companies to develop new business models for car sharing, insurance and leasing.
The research firm estimates that the revenue potential for the autonomous driving market will increase rapidly in the decades to come, growing from $10bn (£7bn) in 2020 to over $65bn (£45bn) by 2030.