Vehicle Intelligence Systems Market worth $20.11 Billion by 2021
By MarketsandMarkets™ - Oct 02, 2018
Vehicle Intelligence Systems Market report categorizes the global market by Road Scene Understanding (RTS, RSD, NVS & PDS), Advanced Driver Assistance & Monitoring (ACC, BSD, PA TJA & DMS), Component, Vehicle Type (Passenger Cars & CV), and by Region
(EMAILWIRE.COM, October 02, 2018 ) The Vehicle Intelligence Systems Market is projected to grow at a CAGR of 12.24%, from USD 11.29 Billion in 2016 to USD 20.11 Billion by 2021.Given the increasingly stringent safety norms, automotive OEMs are focusing on enhancing the safety of vehicles. To ensure the safety of the driver, passengers, and pedestrians, the vehicle needs to be intelligent enough to avoid potential danger. Vehicle intelligence systems, when incorporated in the vehicle, analyze the vehicle’s environment and its functioning, thereby aiding the driver and making the driving experience safer and more comfortable.
Road Scene Understanding: Key Segment in the Vehicle Intelligence Systems Market
The road scene understanding segment of the vehicle intelligence systems market covers various intelligence systems that communicate with the vehicle’s surroundings, thereby assisting the driver and ensuring a better driving experience. This segment includes lane/road tracking, road sign detection, night vision, and pedestrian detection systems. Given the rising vehicle production and an increasing number of road accidents, the demand for these intelligence systems is expected to increase in the near future. Additionally, OEMs are developing autonomous cars, which would help upgrade and increase the reliability of the systems.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownload.asp?id=128593631
Commercial Vehicles: Fastest-Growing Vehicle Segment
The commercial vehicle segment of the vehicle intelligence systems market is estimated to register the highest CAGR during the forecast period. This growth is driven by the need to enhance the safety of commercial vehicles, as these vehicles generally travel large distances. Currently, the adoption of intelligence systems in commercial vehicles is limited; this provides manufacturers with ample opportunities to increase their market share. Additionally, commercial vehicle sales in the North American region are high, owing to continued low-interest rates on automotive loans. This will likely boost the commercial vehicle intelligence systems market in the region.
To Know More Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalyst.asp?id=128593631
Europe: Largest Regional Market Segment
The vehicle intelligence systems market has been segmented into Europe, North America, Asia-Oceania, and rest of the world (RoW). Europe is estimated to lead the vehicle intelligence systems market, accounting for more than one-third of the market share. OEMs in this region possess considerable technological capabilities and are consequently able to offer advanced intelligence systems for vehicles. In 2015, the R&D expenditure of the European automotive sector reached approximately USD 50 billion. The growing adoption of these technologies in various vehicle segments is expected to accelerate the growth of the European vehicle intelligence systems market.
The report studies various globally established vehicle intelligence system manufacturers. Major market players include Continental AG (Germany), Denso Corporation (Japan), Delphi Automotive PLC (U.K.), Robert Bosch GmbH (Germany), and Autoliv Inc. (Sweden).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for the deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Media Contact
- Mr. Shelly Singh
- sales@marketsandmarket.com
Related Tags
Read other news from MarketsandMarkets™
Timing Devices Market Size, Share, Revenue Trends & Forecast to 2030
MarketsandMarkets™ - Sep 18, 2023
Timing Devices Market by Type (Oscillators, Atomic Clocks, Clock Generators, Clock Buffers, Jitter Attenuators), Material (Crystal, Silicon, Ceramic), Vertical (Consumer Electronics, Automotive) and Region - Global Forecast to 2030 ...Read more
Artificial Intelligence Market Segmented by Product, Top Manufacturers, Geography Trends & Growth Opportunity to 2030
MarketsandMarkets™ - Sep 18, 2023
Artificial Intelligence technology such as machine learning, natural language processing, computer vision, and others are revolutionizing various sectors, including healthcare, finance, manufacturing, and retail. ...Read more
Digital PCR (dPCR) and Real-time PCR (qPCR) Market worth $12.4 billion by 2028, at a CAGR of 7.8%.
MarketsandMarkets™ - Sep 18, 2023
"Digital PCR (dPCR) and Real-time PCR (qPCR) Market by Product (Instruments, Reagents & Consumables, Software & Services), Application (Clinical, Research, Forensic), End User (Hospital, Diagnostic Labs, Pharma, Biotech, CROs) - Global Forecast to 2028". ...Read more