Connected vehicles are not just the technologies of the future – there are significant revenue generation opportunities available today, according to the Wireless Broadband Alliance (WBA).
In a new whitepaper, the WBA identified a number of use cases for automobile manufacturers and service providers that are already being used to generate revenues.
The use cases specifically take advantage of telematics services - which the majority of automobile makers already have built into new vehicles - combined with Wi-Fi connectivity.
These use cases include applying predictive analytics to information already collected by telematics systems to preempt vehicle recalls, which is an issue that costs the vehicle industry more than $9 billion annually.
Other examples include predictive maintenance through the use of diagnostic trouble codes uploaded over time, the ability to address software bugs and security vulnerabilities through over-the-air firmware upgrades, and applications including advanced driver assistance or public safety services.
“The connected vehicle market will experience explosive growth over the next few years, and Wi-Fi plays a significant role in creating key monetization opportunities, while also enhancing and improving vehicle maintenance and driver safety for connected cars,” WBA GM Tiago Rodrigues said.
“While much of the focus today is given to how 5G will impact connected cars, we want to reinforce the message that Wi-Fi is here now, and it is capable of supporting connected vehicle use cases today.”
The whitepaper also explores the process of developing use cases for the connected cars of tomorrow combining both cellular and Wi-Fi for seamless connectivity.
“We are eager to engage with others in the connected vehicle ecosystem to develop future opportunities for Wi-Fi and connected cars, particularly as we prepare for Wi-Fi 6 and the new opportunities it will support,” Rodrigues said.