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.
MARKET SCOPE
The "Global Vehicle intelligence systems Market Analysis to 2028" 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 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.
MARKET SEGMENTATION
- 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.
MARKET DYNAMICS
Drivers:
- Increasing awareness regarding stringent safety regulations
- Increasing demand for luxury cars in developing countries
Restraints:
- High cost of integration
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the 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 the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring 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 affecting the Vehicle Intelligence Systems market in these regions.
IMPACT OF COVID-19 ON VEHICLE INTELLIGENCE SYSTEMS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers 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 marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Vehicle Intelligence Systemsmarket market are anticipated to lucrative growth opportunities in the future with the rising demand for Vehicle Intelligence Systems market in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Vehicle Intelligence Systems market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Continental AG
- Denso Corporation
- Delphi Automotive PLC
- Robert Bosch GmbH
- Valeo SA
- Autoliv Inc.
- Wabco Holdings Inc.
- Mobileye NV
- Magna International Inc.
- Infineon Technologies AG
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.