Automotive and Transportation Vehicle Intelligence Systems Market is projected to grow up to 15.2% CAGR during the forec...

Vehicle Intelligence Systems Market is projected to grow up to 15.2% CAGR during the forecasting period 2021-2027.

The study's goal is to define and segment the global market for vehicle intelligence systems for passenger cars and commercial vehicles. The market is segmented by road scene understanding, advanced driver assistance and driver monitoring systems, components, vehicle type, and geography, according to the report. Adaptive cruise control, road/lane monitoring, blind spot recognition, and traffic congestion help technologies are among the intelligence systems investigated for the study. The research study's main goal is to conduct a strategic analysis of the market in terms of individual growth trends and future prospects. The paper contains a competitive analysis of major market leaders as well as a stakeholder opportunity evaluation. The market for vehicle intelligence systems is dominated by advanced driver assistance and driver monitoring systems. Adaptive cruise control, blind spot recognition, park assist, traffic congestion help, and drowsiness warning/alertness sensing are all included in this area. The advanced driving assistance and driver monitoring systems market is expected to be dominated by the park assist segment. Because of the system's low cost, it can be used in any car category. Because of the growing need for a better driving experience, the adaptive cruise control category is expected to grow at the fastest rate. Furthermore, the growing usage of vehicle intelligence systems in developing economies, led by increased awareness of vehicle safety, is expected to boost the region's vehicle intelligence systems market. However, because to the strict safety regulations in these regions, Europe and North America currently dominate the global industry.

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Key Driving Factors: The worldwide vehicle intelligence system market is being driven by rising awareness of severe safety rules.

One of the most important variables influencing customer purchasing decisions is safety. The number of automobiles on the road today has increased dramatically, causing issues such as traffic congestion and accidents. Speeding, not following traffic laws, and loss of focus due to tiredness are among the leading causes of accidents.

Cruise Control with Adaptive Settings

Adaptive cruise control is a more advanced form of traditional cruise control. When the cruise control feature is enabled, the system works in accordance with the external environment, assisting the vehicle in maintaining a safe distance from the preceding car. However, one of the system's significant flaws is its inability to distinguish between a stopped car on the road and stationary objects off the road.

This report offers the major market player’s profiles, such as Denso Corporation (Japan), Continental AG (Germany), Delphi Automotive PLC (U.K.), Autoliv Inc. (Sweden), Robert Bosch GmbH (Germany), Magna International Inc. (Canada), Wabco Holdings, Inc. (Belgium), Valeo SA (France), Infineon Technologies AG (Germany) and Mobileye NV (Israel)

Based on Application:  Autonomous driving has many market segments, including semi-autonomous driving, human machine interface, and more. The human-machine interface (HMI) in automobiles has changed dramatically in recent years, and disruptive technologies such as voice recognition systems and gesture recognition systems have been integrated into a variety of goods. A developing market in which cutting-edge artificial intelligence technology is being included in new models in high-end categories is being established.

The Vehicle Intelligence Systems Market report has been categorized as below

By Component

  • Sensor

  • Analog ICs

  • Processor

  • Memory

By Advanced Driver Assistance and Driver Monitoring Systems

  • Adaptive cruise control system

  • Blind spot detection system

  • Park assist system

  • Traffic jam assist system

  • Drowsiness monitoring/alertness sensing system

By Road Scene Understanding   

  • Road/lane tracking system

  • Road sign detection system

  • Night vision system

  • Pedestrian detection system

By Region

  • North America

  •  Europe

  • Asia Pacific

  • Rest of World

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Published Date : October-2021