Vehicle connectivity, in the wider context of the Internet-of-Things (IoT), is fast becoming an essential attribute to everyday living for consumers. Connectivity, and the opportunities it brings, is disrupting the automotive industry. Similarly, rapid advancements in autonomous vehicle technology from Level 2 to 5 is generating widespread interest amongst original equipment manufacturers (OEMs), Tier 1s, and new entrants in the automotive and mobility space to understand both the specific technical details with regards to the type of hardware and the commercial challenges such as the cost of units and business case models for monetization.
Over-the-air updates, in-vehicle apps, transactions, infotainment, telematics, active/passive safety, and autonomous driving modes (e.g., self-parking, adaptive cruise) are just some examples of ways that industry players are exploiting these functionalities today. While traditional automotive industry players are building their connectivity and autonomous driving capabilities, many non-traditional companies are leveraging their disruptive technology expertise to break into the automotive industry.
With such competition in a fast-evolving market, the right partnership is crucial to developing and implementing a competitive offering. At Ricardo Strategic Consulting (RSC), our unique blend of industry knowhow and technical expertise positions us as industry leaders on these topics. From challenges in the vehicle to considerations around infrastructure requirements, we leverage our network of experts to bring unique insight when helping our clients through their toughest strategic and technical challenges. Our mobility and technology strategy team counsels government bodies to inform regulatory decision making in the evolving autonomous mobility space.
The approach to solving our clients’ problems is always tailored to suit their individual strategic needs and includes:
- Bottom-up and top-down cost benchmarking for connected and autonomous vehicle hardware devices to ensure that our clients’ offerings are both technically and commercially competitive
- Overview of latest connectivity market and autonomous technology trends including technology roadmaps, the services they enable, and the future revenue streams they unlock
- Development of new market entry strategies and design of sustainable business models set up for long-term growth
- Technical due diligence for M&A activities in the connected and autonomous vehicle space
- Modelling and analysis of cost/benefits of implementing connectivity and autonomous technology in areas such truck platooning, C-ITS, V2X, and 3D map-based adaptive cruise control
- ADAS component and system design and integration, as well as validation of electronic architectures
- Building of business cases and total cost of ownership models for the incremental ADAS features for the broader transportation industry, including goods and people movers