Report
Description
A recent market intelligence report that is published by Data
Insights Partner on Vehicle Intelligence System Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international. The research study also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and world Vehicle Intelligence
System
Market over the short as well as long period of
time. A detailed presentation of forecast, trends, and dollar values of
international Vehicle Intelligence System Market is offered.
Market
Insights:
In accordance with the report, the Vehicle Intelligence
System Market is projected to expand at a CAGR of 12.5% over the period of forecast. The global Vehicle Intelligence System Market
was valued at USD XX.X Mn in 2019 and is expected to reach USD XX.X Mn in 2031,
growing with a significant CAGR rate during the forecast period. Vehicles are
equipped with Vehicle Intelligence Systems (VIS) to protect the safety of the
driver, the passengers, and pedestrians. By analysing the vehicle's operation,
VIS helps drivers prevent potential collisions with other cars. Vehicles use a
two-way communication system to share information after VIS is installed.
Computer-controlled systems are installed in the lanes of automated motorways
to alert vehicles to traffic jams, assist with parking, and prevent collisions.
Due to the requirement for improved safety in commercial vehicles because these
vehicles are designed for long distance travel, the commercial vehicle segment
is anticipated to dominate the global market for vehicle intelligence systems. Due
to the rise in demand for intelligence systems, road tracking system (RTS) is
anticipated to dominate the market on the basis of road scene understanding.
The growth in traffic accidents and increased automobile production are to
blame for this. Due to the cheap cost of integration across all vehicle
categories, the park assist (PA) category, based on advanced driver support
& monitoring, is anticipated to dominate the market. Due to the presence of
significant automotive manufacturers in this region, Europe is anticipated to
hold the biggest market share over the projection period. Due to the prevalence
of premium and luxury vehicles in these nations, such as the UK, Germany, and
France, there is a surge in demand for vehicle intelligence systems. India,
Japan, South Korea, and China are the important markets for the growth of the
Asia-Pacific area because of the rising demand for luxury cars and the
expansion of the auto industry.
Research
Methodology:
To compile
the detailed study of the global Vehicle
Intelligence System Market, a robust research methodology has been adopted
that aids in determining the key insights and also evaluates the growth
prospects of the Vehicle Intelligence System Market.
Comprehensive and iterative research methodology focused on minimizing deviance
in order to provide the most accurate estimates and forecast possible. The
company utilizes a combination of bottom-up and top-down approaches for
segmenting and estimating quantitative aspects of the market. Our research
methodology implements a mix of primary as well as secondary research. Our
projects are initiated with secondary research, where we refer to a variety of
sources including trade databases; government published documents, investor
presentations, company annual reports, Industrial papers, and paid databases. To
carry out secondary research, the analysts have collected the information
through company annual reports, journals, company press releases, and paid
databases that were referred to gain and identify better opportunities in the Vehicle Intelligence System Market.
COVID-19
Scenario Analysis:
The COVID-19
outbreak has shaken the whole economy in the world. In this scenario some
industries are doing quite well while others have been crushed. This section of
the report has explored the overall status of the COVID-19 scenario. The
industry witnessed a huge decline in terms of sales. Likewise, the Vehicle Intelligence System Market was affected negatively due to the
shutdown of manufacturing/processing facilities for some time. The analysts
have also focused on the key measures that the companies are opting to
withstand the harsh scenario.
Segment
Covered:
Vehicle Intelligence System Market Compounded annual growth rates for all segments have also
been provided for 2019 to 2031. This report is a compilation of first-hand
information, qualitative and quantitative assessment by industry analysts,
inputs from industry experts and industry participants across the value chain.
Key Segments:
Vehicle Intelligence System Market research report
includes an in-depth coverage of the industry with estimates & forecast
from 2022 to 2031, for the following segments:
Vehicle
Intelligence System Market, By Road Scene Understanding, 2022-2031 (USD
Million)
·
Rts
·
Rsd
·
Nvs
·
Others
Vehicle
Intelligence System Market, By Vehicle Type, 2022-2031 (USD Million)
·
Heavy
Commercial Vehicles
·
Light
Commercial Vehicles
·
Passenger
Vehicles
·
Others
Vehicle
Intelligence System Market, By Advanced Driver Assistance & Monitoring,
2022-2031 (USD Million)
·
Acc
·
Bsp
·
Pa Tja
·
Dms
·
Others
Report
Highlights:
The prime objective of the Vehicle
Intelligence System Market report is to
help the user understand the market in terms of its definition, segmentation,
market potential, influential trends, and the challenges that the market is
facing with different major regions and more than 30 major countries across the
globe. During the report's production, extensive research and analysis were
conducted. This research will assist readers in gaining a thorough
understanding of the market.
Vehicle
Intelligence System Market, By Region, 2022-2031 (USD Million)
·
North America (
United States, Canada, Mexico)
·
Europe
(Germany, UK, France, Italy, Russia, Spain, and Rest of Europe)
·
South Asia (
India, Pakistan and Bangladesh)
·
East Asia
(China, Japan and South Korea)
·
South East Asia
(Indonesia, Thailand, Singapore, Malaysia, Rest of SE Asia)
·
Middle East
(Turkey, Saudi Arabia, Iran, UAE, Israel, Iraq, Qatar, Rest of MEA)
·
Africa
(Nigeria, South Africa, Egypt, Algeria, Rest of Africa)
·
South America
(Brazil, Argentina, Colombia, Chile, and Rest of SA)
·
Oceania
(Australia and New Zealand)
Companies
Profiled:
To enhance their position in the global
market, key suppliers/manufacturers are concentrating on business expansion and
product innovation. Manufacturers/producers are also working on boosting their
manufacturing capacity and product quality to gain a competitive advantage. The
following are some of the prominent manufacturers in the worldwide Vehicle
Intelligence System Market:
·
Denso
Corporation (Japan)
·
Delphi
Automotive PLC (U.K.)
·
Autoliv Inc.
(Sweden)
·
Magna
International Inc. (Canada)
·
Robert Bosch
GmbH (Germany)
·
Mobileye NV
(Israel)
·
Infineon
Technologies AG (Germany)
·
Continental
AG (Germany)
·
Wabco
Holdings Inc. (Belgium)
·
Valeo SA
(France)
Vehicle
Intelligence System Market Report Highlights:
·
Detailed
analysis of the parent market
·
Key players'
strategies and products supplied in the competitive landscape
·
Market
segmentation in depth analysis
·
Market size
in terms of volume and value, past, present, and future scenario
·
Potential and
specialty areas, as well as geographical regions with promising growth prospects
·
Market
players use this information to maintain and expand their market presence, thus
it's important to have an unbiased perspective on market performance.
·
Recent
advancements and technological trends in the industry