Vehicle sharing evolution underway

New analysis predicts that by 2025, automated driving, connected mobility and electric vehicle charging will form the crux of the vehicle-sharing market.

The new analysis from Frost & Sullivan forecasts that in the next three to seven years, vehicle-sharing technologies will move toward open source software, plug and play systems and smartphone-based near field communications/bluetooth low energy (NFC/BLE) technologies.

The Strategic Analysis of the Vehicle-sharing Technologies Market report finds that the global carsharing user base will reach 15 million members by 2020. Carsharing operators (CSOs) in North America will lead the way in terms of technology deployments, followed by Europe. To meet the growing demand, partnerships among CSOs, technology companies and original equipment manufacturers will gather pace.

‘The incorporation of NFC technologies in 1.2 billion smart phones by 2018 will unearth opportunities for cost-effective, smartphone-based remote vehicle control solutions,’ said Frost & Sullivan intelligent mobility senior research analyst, Albert Geraldine Priya. ‘CSOs will also be able to deliver a superior ‘car ownership’ experience through automatic personalisation features such as rear-view mirror and seat adjustments configured in the smartphone.’

Albert continued, ‘Semi-autonomous and fully autonomous cars in vehicle-sharing fleets will become a reality by 2018 and 2025 respectively, further simplifying carsharing and opening up additional markets for participants in the vehicle-sharing technologies market.’