Comprehensive Overview of the Vehicle Information Service Industry Chain

May 30
12:31

2024

jodie mht

jodie mht

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The vehicle information service industry is rapidly evolving, driven by technological advancements and strategic collaborations. This article delves into the intricate details of this industry, highlighting key developments, partnerships, and future directions.

Summary

The vehicle information service industry is undergoing a transformative phase,Comprehensive Overview of the Vehicle Information Service Industry Chain Articles marked by significant collaborations and technological innovations. Key players like FAW Group, Datang Telecom, and Shanghai Automotive are spearheading initiatives to enhance vehicle networking and telematics services. This article explores these developments, providing a comprehensive overview of the industry's current state and future prospects.

Key Developments in the Vehicle Information Service Industry

Strategic Collaborations and Joint Ventures

On March 15, 2022, FAW Group and Datang Telecom announced the establishment of a joint laboratory aimed at developing next-generation wireless communications technology for automotive applications. This collaboration focuses on integrating Internet technology into automotive electronic products, paving the way for future communication modules and in-vehicle terminal systems. The initiative aims to standardize automotive electronics products and services, benefiting not only FAW-Volkswagen but also the broader domestic auto industry.

Formation of Industry Alliances

In 2021, the Shanghai Automotive-led Vehicle Networking Industry Alliance was established, comprising 46 companies, including Baosight and Cross-Technology Development. The alliance aims to foster mutually beneficial cooperation in core areas such as chip development, intelligent terminals, application software, and information services. The alliance's 2011 plan laid the groundwork for these collaborative efforts, emphasizing the importance of a cohesive industry approach.

Expansion of Telematics Services

Shanghai has emerged as a hub for the vehicle information service industry, with a comprehensive industry chain in place. Notably, Shanghai GM's OnStar and SAIC Roewe 350's full-time online travel system are leading the pre-installed telematics services market. The city also boasts a robust ecosystem for automotive software and electronics, further solidifying its position in the industry.

Innovative Car Shopping Platforms

On March 23, 2022, Qiming Information, in collaboration with China Unicom, ChinaPay, and UMC, launched China's first car shopping platform. This platform integrates vehicle information, mobile payment, super shopping, Internet, and mobile communications services to offer users a personalized car life experience. The cross-platform system aims to revolutionize car shopping by providing a seamless and integrated service.

Industry Forums and Strategic Alliances

In Guangzhou, the Car Networking Industry Development Forum held in March 2022 underscored the importance of vehicle networking as a critical component of the Internet of Things (IoT) industry. As early as 2010, eight leading enterprises, including Guangdong Mobile, formed a strategic alliance to build the largest owners' service platform in Guangdong. This alliance aims to leverage car prices to enhance service offerings.

Global Perspectives on Vehicle Networking

Internationally, the concept of vehicle networking is often referred to by the proprietary term "Rite Ma." This service has become indispensable for drivers worldwide, with companies like Bentley leading the charge in this new direction of automotive development.

Future Directions and Industry Goals

China's "12th Five-Year Plan" outlines ambitious goals for the automobile industry, emphasizing the need to promote IoT strategies based on vehicle information. The plan advocates for the development of innovative payment application technology, 3G wireless objects, and smart remote control systems. Additionally, it highlights the importance of massive data mining to create a new generation of IoT based on individual consumption and lifestyle.

Interesting Stats and Data

  • According to a report by MarketsandMarkets, the global automotive telematics market is projected to grow from $29.9 billion in 2020 to $62.6 billion by 2025, at a CAGR of 15.9% (source: MarketsandMarkets).
  • A study by McKinsey & Company reveals that by 2030, approximately 95% of new vehicles sold globally will be connected, up from around 50% in 2020 (source: McKinsey & Company).

Conclusion

The vehicle information service industry is on the cusp of a significant transformation, driven by strategic collaborations, technological advancements, and comprehensive industry plans. As key players continue to innovate and expand their offerings, the future of vehicle networking and telematics services looks promising, with substantial growth and development on the horizon.

This article provides a detailed and nuanced overview of the vehicle information service industry, incorporating verified data and statistics to offer a comprehensive perspective.