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Published on : Dec 12, 2016

ALBANY, NY, Dec 12, 2016: The report observes that the era of smart cars is coming soon, which is likely to be driven by the rising trend of the Internet of Everything (IoE). In a bid to be the early birds, several car manufacturers have collaborated with top-notch IT firms and are investing massively to develop the technology as well as the components associated with smart cars. These companies include Google, GM, Marvell, Audi, Samsung, Ford, Nissan, Denso, Boeing, and Bosch. 

The report credits surging prices of fossil fuels, which are in limited resources, as the primary reason for the growing popularity of smart cars across the globe. The requirement to shift the dependency on renewable sources of energy has also given birth to electric smart cars, which run on rechargeable batteries. Moreover, smart cars are environment friendly, which is further escalating the demand. These cars may be small in size but offer robust safety and efficiency. These vehicles also come with high-speed broadband Internet connection and other digital add-on features that are anticipated to be the next sensation in consumer entertainment. Increased connectivity is another feature of smart cars.

Some of the key technologies of the smart car identified by the report are advanced driver assistance systems (ADAS), smart IoE services, and smart vehicle surveillance systems. This 30-page report contains an analysis of these technologies and presents detailed data mining results that reflect key vendors’ patent deployment status and readiness of the technology. The report also discusses opportunities for the entry of new players in the market for smart cars.

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The report has been prepared via an analysis of 3,733 smart car patents by technology field and sector. It also has a detailed profile of 20 assignees and ranks them on the basis of their respective research and development intensity. One of the key aspects of the report is the section on trend analysis of the global smart car industry by country, by field, and sector. It contains 30 key patented technologies, sorting them into nine categories.

Based on the findings of the report, vendors are focusing on computer technology, control, and digital communications and, although data processing remains the core technology for now, human-machine interface, cloud-computing, artificial intelligence, and information security are worth investing in. To the newcomers in the market, the report recommends cloud computing as the lucrative segment because human-machine interface is the most important patent deployment area for leading players. For newcomers, the report also picks out data processing systems for supervisory or forecasting purposes and conjoint control of vehicle sub-units of different types or functions.

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