The automotive industry is deploying a wide range of sensors to improve vehicle intelligence and enhance vehicle safety. An increasing movement towards the electrification of a vehicle has supported the growth of vehicle intelligence systems. With the advent of self-driving cars and the rising demand for enhanced automatic systems, vehicle intelligence demand is rising. Vehicle manufacturing is integrating vehicle intelligence systems to improve safety for the passenger and improve the driving experience. The vehicle intelligence systems are supporting the autonomous driving market by integrating various sensors for early threat detection.
The global vehicle intelligence systems market is growing at a significant rate with the presence of global and regional players present in the market. The passenger vehicle segment is adopting the technology at a faster rate. Also, the advent of autonomous driving cars or self-driving cars is boosting the vehicle intelligence systems market. Further, the automotive industry's shifts toward electric technology will boost the market in the next few years, as companies are adopting the technology to meet environmental sustainability goals. There are various factors that drive market growth, including factors such as the growing demand for luxury cars and the rising stringent safety regulations. Factors that serve as a business opportunity include increasing support from governments in emerging economies and the enhanced software integration in electric systems, which are expected to provide lucrative opportunities for the vehicle intelligence systems market. In the current scenario, enhanced inclination towards autonomous driving and electrification of vehicles in countries such as the US, China, Germany, and others is boosting the market growth.
The "Global Vehicle intelligence systems Market Analysis to 2027" is a specialized and in-depth study of the vehicle intelligence systems market with a special focus on the global market trend analysis. The report aims to provide an overview of the vehicle intelligence systems market with detailed market segmentation by road scene understanding, advanced driver assistance & monitoring, and vehicle type. The global vehicle intelligence systems market expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading vehicle intelligence systems market player and offers key trends and opportunities in the vehicle intelligence systems market.
The global vehicle intelligence systems market is segmented on the basis of road scene understanding, advanced driver assistance & monitoring, and vehicle type. On the basis of road scene understanding, market is segmented as road/lane tracking system, road sign detection system, night vision system, pedestrian detection system. On the basis of advanced driver assistance & monitoring, market is segmented as adaptive cruise control, blind spot detection system, park assist system, traffic jam assist system, drowsiness warning/alertness sensing system. On the basis of vehicle type, market is segmented as Passenger Vehicle and Commercial Vehicle.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global vehicle intelligence systems market based on various segments. It also provides market size and forecast estimates from year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The vehicle intelligence systems market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting vehicle intelligence systems market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the vehicle intelligence systems market in these regions.
The reports cover key developments in the vehicle intelligence systems market organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Vehicle intelligence systems market are anticipated to lucrative growth opportunities in the future with the rising demand for vehicle intelligence systems market. Below mentioned is the list of few companies engaged in the Vehicle intelligence systems market.
The report also includes the profiles of key vehicle intelligence systems market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
The Insight Partner’s dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.