Global Vehicle Intelligence Systems Market, By System Type (Anti-lock Braking System (ABS), Blind Spot Monitoring System, Adaptive Head Lights, Electronic Stability Program (ESP), Lane Departure Warning System, Emergency Call System, Obstacle and Collision Warning System, Real Time Traffic and Travel Information System, Others), Road Scene Understanding (Road/Lane Tracking System, Road Sign Detection System, Night Vision System, Pedestrian Detection System), Component (Sensors, Processors, Analog Integrated Circuits, Memory), Vehicle Type (Passenger Cars, Commercial Vehicles), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Vehicle Intelligence Systems Market Analysis and Insights
Vehicle intelligence systems market size is valued at USD 46.38 billion by 2028 is expected to grow at a compound annual growth rate of 12.96% in the forecast period of 2021 to 2028. Data Bridge Market Research report on vehicle intelligence systems provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
Vehicle intelligence systems is wide-ranging of all the electrical and mechanical components that are integrated with a controlling device and receivers so that all of the information can gathered through the components and can be monitored. It also helps in providing precision functioning of the complete vehicle and enhances the performance.
The growing awareness regarding stringent safety regulations has been directly influencing the growth of vehicle intelligence systems market over the forecast period of 2021 to 2028. Also the rising demand for luxury cars in developing countries is also flourishing the growth of the vehicle intelligence systems market. In addition, the growing need for higher safety of passengers and drivers in vehicles associated with stringent automobile standards set by governments are also positively impacting the growth of the market. Furthermore, the increasing rate of road accidents as well as the rising vehicle production is also largely lifting the growth of the vehicle intelligence systems market.
However, the high cost of integration and dearth of knowledge in aftermarket automotive market for the systems are acting as the major limitations for the growth of vehicle intelligence systems market in the forecast period of 2021 to 2028, whereas the efficient functioning of the vehicle intelligence systems have the potential to challenge the growth of the vehicle intelligence systems market.
Likewise, the rising trend of autonomous cars along with stringent automobile standards set by governments of several countries and the increasing rate of road accidents will further cater ample new opportunities that will lead to the growth of the vehicle intelligence systems market in the above mentioned forecasted period.
This vehicle intelligence systems market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on vehicle intelligence systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Vehicle Intelligence Systems Market Scope and Market Size
Vehicle intelligence systems market is segmented on the basis of system type, road scene understanding, component and vehicle type. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- The system type segment of the vehicle intelligence systems market is segmented into anti-lock braking system (ABS), Blind spot monitoring system, adaptive head lights, electronic stability program (ESP), lane departure warning system, emergency call system, obstacle and collision warning system, real time traffic and travel information system and others.
- On the basis of road scene understanding, the vehicle intelligence systems market is segmented into road/lane tracking system, road sign detection system, night vision system and pedestrian detection system.
- Based on component, the vehicle intelligence systems market is segmented into sensors, processors, analog integrated circuits and memory. Sensors have further been segmented into image sensors, radars, ultrasonic sensors and inertial sensors. Image sensors are sub-segmented into complementary metal-oxide semiconductor and charge-coupled devices. Inertial sensors are sub-segmented into accelerometers and gyroscopes. Processors have further been segmented into microprocessor units, microcontroller units, digital signal processors and graphic processing units. Analog integrated circuits have further been segmented into amplifiers, converters, comparators and logic integrated circuits.
- Vehicle intelligence systems market is also segmented on the basis of vehicle type into passenger cars and commercial vehicles.
Vehicle Intelligence Systems Market Country Level Analysis
Vehicle intelligence systems market is analyzed and market size, volume information is provided by country, system type, road scene understanding, component and vehicle type as referenced above.
The countries covered in the vehicle intelligence systems market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
Europe leads the vehicle intelligence systems market due to the increasing demand of vehicle intelligence systems in the emerging countries such as U.K., Germany and France within the region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 owing to high adoption of vehicle intelligence systems in developing economies, encouraged by the rising awareness regarding vehicle safety in the region.
The country section of the vehicle intelligence systems market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Vehicle Intelligence Systems Market Share Analysis
Vehicle intelligence systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to vehicle intelligence systems market.
The major players covered in the vehicle intelligence systems market report are BorgWarner Inc., Mobileye, Valeo, Infineon Technologies AG, Continental AG, Autoliv Inc., DENSO CORPORATION, Magna International Inc., Robert Bosch GmbH, Atos SE, WABCO Holdings Inc., VEHiQA, NVIDIA Corporation, BrainChip Holdings Ltd., HARMAN International, Stoneridge, Inc., Intel Corporation, Microsoft, Tenneco Inc., and VSI Labs among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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