LONDON, July 20, 2016 /PRNewswire/ -- Convergence on multiple levels will unleash business opportunities for OEMs, tech-companies and mobility providers, revealed Frost & Sullivan's industry must-attend Intelligent Mobility event. Experts agreed that the mobility industry is facing profound transformation with the convergence of autonomous driving, connectivity and electrification. Similarly, the line between public and private transportation is increasingly blurred, as customers shift towards more multi-modal preferences using technology enabled solutions.
"This convergence will be driven by data that revolves around both the car and the consumer. Future-oriented solutions will involve the development of intelligence on all levels rather than focusing on one pillar," found Frost & Sullivan Senior Partner Sarwant Singh. "The shift from private vehicles to multi-modal integrated mobility is a further disruption the industry faces: Due to a convergence of social, demographic and technological innovations, we are witnessing a shift from people using cars as the preferred or even only choice to using them as part of a wider system."
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With high-profile speakers from industry players such as General Motors, Renault Nissan, Fontinalis Partners, Moovit, BMW, Toyota, Gett, XXimo, Mobility International AG, Arriva, TomTom Telematics, Inrix, Digital Barriers, HORIBA MIRA and BT, the two day event further established Frost & Sullivan's pioneering role in thought leadership with respect to the future development within the Intelligent Mobility market.
The opening panel on Mega Trends was joined by OEMs, futurists and public policy decision makers to debate the future trends and their impact on mobility. Mr. Singh pointed out that in future, tech companies which offer solutions for autonomous driving will compete with traditional OEMs. This will lead to a disruption of the industry and expects the market to grow to $60bn in 2030. The automation technology roadmaps of 80 percent of the major OEMs are expected to be finalised this year. The pace at which connected services, sensoring solutions and the like develop make it safe to assume that full autonomous functionality can be achieved within the next decade. During the sessions on the Future of Connectivity and on Autonomous Business Models leading OEMs unveiled that convergence will allow the industry to master the challenges mobility faces today, with pollution and accidents making the issue a political and social one, going beyond customer needs.
In the discussion about New Mobility Business Models four leading OEMs exchanged their respective approaches towards shared mobility. They offered a broad spectrum reaching from carsharing, ridesharing and ride hailing to demand responsive solutions and smart parking. The discussed business models provided the basis for a fluid transition to the next panels, evolving around the Future of Corporate Mobility and Integrated Transport Solutions, which is facing similar challenges and choosing comparable modular solutions. In future, fleet management will become more integrated and comprise not only company vehicles, but increasingly carsharing and other elements of the mobility mix. Hence, an integrated fleet management will function complementary to integrated mobility solutions, both aiming for one single platform to provide access to all services and products.
"Today's niche business models will become main-stream, particularly digitally enabled mobility services, which will lead to a convergence of public and private transportation," concluded Mr. Singh. "Overall, this will lead to a more convenient, user friendly, on-demand transportation network for the customer, which will revolutionise the way we use cars in urban areas in particular."
For more information on Frost & Sullivan's events and to attend the Intelligent Mobility 2017, please e-mail Jana Schoeneborn, Corporate Communications, at firstname.lastname@example.org.
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