Hangzhou Hopechart IoT Technology Co., Ltd.

Analysis on The Market Prospect of China's Car Networking Industry

Car networking, namely around the user's car life, a huge interactive network consists of vehicle location, speed and route information, relying on search and sensing technology so that the vehicle can collect their environment and state information, and through the calculation and analysis of large data communication and information technology, so as to provide a complete and comprehensive intelligence travel service for the user.

As 5G approaches, concepts like the Internet of things and driverless cars are accelerating to the ground. In 2016, the market prospect analysis of the Internet of vehicles industry thinks that as the most important branch of the Internet of things, the development of the Internet of vehicles is developing constantly. Automation and intellectualization make the driving life more efficient, convenient and pleasant. This is the future trend of the Internet of vehicles. It is expected that in the next ten years it will enter the golden period of high speed development.

By the end of 2016, vehicle sales will reach 26.19 million, an increase of 6.5 percent year-on-year. Car ownership was 193 million, up 12.3 percent year-on-year, reaching a record high. The continuous growth of the automobile industry has brought great demand to the development of the car Internet market. The so-called "Internet of cars" refers not only to the Internet of cars, but to an integrated network capable of realizing intelligent transportation, information exchange and intelligent control of vehicles with tachograph device.  However, the existing Internet of vehicles only realizes the simple networking function and cannot achieve information sharing, let alone intelligent transportation.

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