Companies Mastering Autonomous Driving, Connectivity and Electrification to Emerge as Leaders of the Future

Frost & Sullivan's Intelligent Mobility event identifies growth opportunities arising from convergence as key topic of the industry

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.

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"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."

To register your interest in attending Intelligent Mobility 2017, please click here: http://frost.ly/id

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.