Global Vehicle Intelligence System Market Information Report by Vehicle Type (Passenger Cars, Commercial Vehicles), by Road Scene Understanding (RTS, RSD, NVS and others), by Advanced Driver Assistance & Monitoring (ACC, BSP, PA TJA, DMS and others) and Region – Forecast to 2022
Vehicle Intelligence Systems (VIS) is installed in vehicles to ensure the safety of the driver, the passengers, and pedestrians. VIS analyzes the vehicle functioning thereby avoiding potential danger with other vehicles. Upon the installation of VIS, vehicles exchange the information using a two way communication system. The lanes of the automated highways are having a computer controlled system which notify the drivers of the traffic jam, provides parking assistance and avoids collision.
On the basis of vehicle type, commercial vehicle segment is expected to dominate the Global Vehicle Intelligence System Market due to the need for enhanced safety of commercial vehicles because these vehicle are meant for long distance travelling. The use of VIS in commercial vehicles, which hold a major opportunity for manufactures to increase their market share, is limited. On the basis of road scene understanding, road tracking system (RTS) is expected to dominate the market due to the increase in demand for intelligence systems. This is because of the rising vehicle production and increase in the road accidents. Based on advanced driver assistance & monitoring, park assist (PA) segment is expected to dominate the market due to the low cost of integration in all vehicle segments.
Europe is expected to dominate the Global Vehicle Intelligence System Market during the forecast period.
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Regional Analysis of Vehicle Intelligence System Market
Europe is expected to have the largest market share during the forecast period due to the presence of major automotive players in these region. There is an increase in demand for the vehicle intelligence system in countries such as U.K., Germany, and France due to the presence of premium and luxury vehicles here. In Asia-Pacific, India, Japan, South Korea, and China are the key market for the growth of these region due to the increase in demand for luxury vehicles and rise in automotive manufacturers.
The key players of Global Vehicle Intelligence System Market are 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), and Valeo SA (France).
- Vehicle intelligence system manufacturers
- Distributer & Supplier companies
- End Users
- consultants and Investment bankers
- Government as well as Independent Regulatory Authorities
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