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Automotive Mission Plan 2026 has been finalized to position the automotive industry as the driving force behind the “Make in India” initiative. With a booming market sale of passenger vehicles (9.5% increase in sales in February 2024) and the rise of electric vehicles, the automotive industry in India is foreseeing a bright future for automation. Automation in the automobile industry is particularly crucial, given its contribution of 7.1% to the total GDP. The projection of a massive automobile market is motivating manufacturers to embrace modern technology, thereby enhancing the driving experience to be more convenient, smart, and comfortable for customers.
According to Precedence Research, the automotive IoT market is expected to grow from its current level of $102 billion in 2022 to a projected level surpassing around $811.72 billion by 2032, with a compound annual growth rate (CAGR) of 23.10%. The India EV vehicle market is also anticipating massive growth, reaching USD 637.85 billion by 2032, with a CAGR of 65.44% during the forecast period from 2023 to 2032.
IoT is crucial for fleet management by enabling real-time tracking of vehicles. Further, automotive IoT is a key enabler for Intelligent Transport Systems (ITS) which is the core of smart cities
IoT and AI applications support smart infrastructure management, including smart parking management, traffic congestion prevention, intelligent road lighting, and proper energy management.
IoT solutions drive EV vehicles charging infrastructure by optimizing charging schedules in addition to real-time location identification of charging stations
Advanced and modern technology uses variety of sensors in automotive industry
Identification of wear and tear of industrial metallic objects
Proximity SensorsIn automotive sector, LiDAR sensors useful to detect any obstacles and to maintain safe distance to ensure safety of vehicle.
LiDAR (Light Detection and Ranging)RADAR integrated devices helps in blind spot detection (BSD), lane change assistance (LCA), collision mitigation (CM), parking aid (PA), and rear cross traffic alert (RCTA) features.
RADAR (Radio Detection and Ranging)Ultrasonic sensors extremely important to detect any obstacles or to control the velocity of the vehicle.
Ultrasonic SensorsAdvanced camera sensors play a vital role in preventing possible collissions, accidents and thus enhancing safety.
Camera SystemsLive location of vehicles, routes optimisation is essential for fast pace world.
GPS (Global Positioning System)IMU sensors plays a important role in stability control of vehicle, anti-lock systems allows to enhance safety and efficiency of vehicles.
Inertial Measurement Units (IMUs)
Safety and modernization are important aspects of the automotive vehicle industry. Automation, facilitated by GYRFALCON devices, with continuous CAN based monitoring helps gather real time data from vehicles, enabling more effective problem solving and safety assessments. Diverse other IoT based digitisation and monitoring also help gather data that can improve performance and operations such as through fuel monitoring of CNG stations and remote management of charging stations.
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