Connected vehicles surpass 367 mln worldwide by 2027 - Juniper Research

KUALA LUMPUR, Jan 9 (Bernama) -- A new study by Juniper Research revealed that the number of connected vehicles in service will reach 367 million globally in 2027, an increase of 91 per cent from 192 million in 2023 driven by the advancement of both Advanced Driver Assistance Systems and the capabilities of in-vehicle infotainment systems.

The research identified 5G’s high speed and low-latency capabilities as transformative to these goals, requiring effective collaborations between automotive original equipment manufacturers (OEMs) and operators to realise.

According to Juniper Research, operators are critical to unlocking new use cases, such as autonomous driving and data-heavy infotainment via 5G which account for 23 per cent of automotive cellular connections, representing an opportunity worth US$3.6 billion for providing 5G connectivity enablement in 2027 globally. (US$1=RM4.382)

Its research co-author Nick Maynard said 5G can allow automotive OEMs to upgrade the in-vehicle experience, transitioning to electric vehicles, improving the user experience is key.

“Operators hold the critical role in enabling this in a reliable way, making them the partners of choice as their 5G networks rapidly expand,” he said in a statement.

Accordingly, the research recommended that automotive OEMs prioritise integrations with common fleet tracking systems out of the factory to maximise the benefits of connectivity, and to enable commercial fleet owners to maximise efficiency in their processes.

By 2027, it is expected that commercial vehicles will only account for 20 per cent of connected vehicles worldwide, representing a small increase from 16 per cent by 2023-end.

Juniper Research provides research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports, and industry commentary.

-- BERNAMA