Minutes
Keynotes
Industry Leaders
Stellar Panel
By 2035, automotive OEMs can earn up to $1,600 per vehicle annually from digital connected living services offered through the car. The total market for connected living services is estimated to be worth more than $1 trillion by 2035.
The car is emerging as the new smartphone - From being able to communicate with drivers, offering AR based driver assist and autonomous driving systems and automatically managed maintenance systems, to managing energy services, insurance and healthcare through the car’s ecosystem. 6G connectivity, V2X technology, and VR repair and maintenance will change the way customers experience the car.
Over the next decade, OEMs must identify their connectivity and subscription revenue strategy – in-car experience is expected to earn the lion’s share of revenue at 87% with health, energy, and aftermarket developing as formidable segments. However, the key challenge is to strike the right balance between subscription costs and customer willingness to pay.
The Connected Living Outlook tries to answer some of these questions as the niche market takes off.
