The Internet of Things and wireless technology has transformed the automotive experience dramatically over the last decade. These technologies are breaking fresh ground for automotive manufacturers by introducing the new concept of connected vehicles alongside the traditional concept of the everyday automobile. The global connected or smart vehicle market shipments are expected to reach 60MM units and $100B in market share by 2018. The connected or smart vehicle is a transformational innovation that allows us to stay in touch with the world while being transported.
Smart vehicles are connected to a wireless network that enables communication with other devices inside and outside the vehicle. Connected vehicles are part of the smart transport system which includes cars, buses, trucks, trains, traffic signals, toll booths, parking garages, cell phones and other devices and structures, all communicating with each other. This integrated approach will help the system prevent accidents while enhancing safety and mobility.