Global Vehicle Intelligence Systems Market is Expected to Register a Healthy CAGR in the Forecast Period of 2019 to 2026

According to Data Bridge Market Research new Market report, global vehicle intelligence systems market will account to an estimated USD 14.21 billion in 2018 growing at a CAGR of 12.46% during the forecast period of 2019 to 2026.

Global Vehicle Intelligence Systems Market

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Global Vehicle Intelligence Systems Market

Vehicle intelligence systems are an incorporation system of electrical and mechanical components inside an automobile with a controlling and monitoring device through which analysis and monitoring of these devices is convenient. This gathering of information results in focus on enhancement of performance of a particular component that might not be performing up to the mark, thereby increasing the overall performance of the vehicle.

 Segmentation: Global Vehicle Intelligence Systems Market

Global vehicle intelligence systems market is segmented on the basis of road scene understanding, advanced driver assistance & driver monitoring, component, vehicle type and geography.

By Road Scene Understanding (RTS, RSD, NVS, PDS), Advanced Driver Assistance & Driver Monitoring (ABS, ACC, Blind Spot Detection System, PA, TJA, Drowsiness Warning/Alertness Sensing System), Component (Sensors, Processors, Analog Integrated Circuits, Memory), Vehicle Type (Passenger Cars, Commercial Vehicle) and Geography (North America, South America, Europe, Asia-Pacific, Middle East & Africa)

FACTORS DRIVING GROWTH IN VEHICLE INTELLIGENCE SYSTEMS MARKET

Innovations and advancements in technological and product offerings

  • In January 2019, Atos SE announced the launch of a new security suite “Horus for Intelligent Transportation System (ITS)”. This service can be easily implemented in various existing automotive offerings for the identification and informing of any abnormal behaviour if being occurred.
  • In November 2018, Continental AG announced their intentions to increase the application and their expertise in artificial intelligence offerings. They decided to offer automotive focused solutions in artificial intelligence.
  • In September 2018, WABCO announced the launch of world’s first modular braking platform for all kinds of trailers during the IAA Commercial Vehicles exhibition held in September in Hannover, Germany. The launch of this product will help enhance the efficiency and efficacy of autonomous vehicle systems.

Key Market Competitors:

Few of the major competitors currently working in the vehicle intelligence systems market are Delphi Technologies; Mobileye; Valeo; Infineon Technologies AG; Continental AG; Autoliv Inc.; DENSO CORPORATION; Magna International Inc.; Robert Bosch GmbH; Atos SE; WABCO; INSIA; VEHiQA; NVIDIA Corporation; Stoneridge, Inc.; Tenneco Inc. and VSI Labs

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