2020
DOI: 10.1051/matecconf/202032504002
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Analysis of the Business Models of the Intelligent and Connected Vehicle Industry

Abstract: Intelligent connected vehicles (ICV) are recognized as a great opportunity with huge social benefits by the global auto industry. Governments of various countries attach great importance to them, and traditional Original Equipment Manufacturer (OEM) and technology companies are also introducing them into consumers’ lives by virtue of various business models, thereby generating practical value. The business model plays a decisive role in determining whether a company can share the ICV market cake and its future… Show more

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Cited by 5 publications
(8 citation statements)
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“…In addition, we address the challenge of many incumbents to develop specific capabilities either internally or externally. We then examine actors in the connected car ecosystem, that will naturally be forced to take on certain roles (e.g., service providers or platform providers) and enter into strategic partnerships with multiple entities [51,13,31]. Last, we elaborate on financial aspects around connected car business models, including their revenue streams and cost structure.…”
Section: Resultsmentioning
confidence: 99%
See 3 more Smart Citations
“…In addition, we address the challenge of many incumbents to develop specific capabilities either internally or externally. We then examine actors in the connected car ecosystem, that will naturally be forced to take on certain roles (e.g., service providers or platform providers) and enter into strategic partnerships with multiple entities [51,13,31]. Last, we elaborate on financial aspects around connected car business models, including their revenue streams and cost structure.…”
Section: Resultsmentioning
confidence: 99%
“…Following Al-Debei and Avison [19], we distinguish between the actors of which a connected car ecosystem is composed and the roles played by these actors. The group of actors capturing the car data monetization opportunity primarily consists of drivers, OEMs, suppliers, startups, tech companies, fleet operators, workshops, infrastructure players, retailers, insurers, roadside assistance, and governments (e.g., [13,45,48]). One of the first decisions for these actors is what role to play in the connected car ecosystem.…”
Section: Ddbm Dimension 3: Value Networkmentioning
confidence: 99%
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“…ICV are equipped with highprecision sensors and other computing devices such as powerful CPU and GPU, and can realize the information exchange and resource sharing of vehicle-to-vehicle (V2V), vehicleto-pedestrian (V2P) and vehicle-to-infrastructure (V2I). The ICV industry [2] is based on artificial intelligence, big data, cloud computing and 5G communication technology, and supported by electronic information industry, communication industry, integrated circuit industry, internet industry, transportation industry; it is applied to the Internet of Vehicles, autopilot and market service industry. Based on the automation degree of the autopilot system, the Society of Automotive Engineers (SAE) divides autopilot into six levels (L0-L5).…”
Section: Introductionmentioning
confidence: 99%