Vehicle Intelligence System Market

Vehicle Intelligence System Market - The Need For Higher Safety Of Passengers And Driver
Vehicle intelligence systems comprise of electromagnetic, electronic and electromechanical
devices such as silicon micro-machined components operating with radio transceivers and
computer controlled devices. This allows precise repeatability functions such as artificial
intelligence function and emergency warning functions. Vehicle intelligence systems
communicate with the surroundings of the vehicle and assists the driver for a better driving
experience. The communication is carried out with the help of sensors fitted in vehicles.
The major types of vehicle intelligence systems are anti-lock braking system (ABS), blind spot
monitoring system, adaptive head lights, electronic stability program (ESP), lane departure
warning system, emergency call system, obstacle and collision warning system, real time traffic
and travel information system. ABS is a braking system which automatically prevents the
locking of wheels while braking and allows the car to stay on track. Blind spot monitoring
system alerts the driver for any obstacles coming in the blind spot zone of the vehicle. Adaptive
headlights or smart lamps has the capability of automatically adjusting the intensity of light in
corners and dark conditions. Such lights also help to avoid dazzling. ESP is a system which
stabilizes the movement of vehicles and helps in the avoidance of skidding under critical
scenarios. Lane departure warning system alerts the driver and co-passengers during
unintentional switching of lanes. In a case of accident, emergency call system, automatically
calls the local emergency authorities and provides them the vehicle position and accident
related data on real time basis. Obstacle and collision warning systems alerts the driver of any
potential collision with any vehicle or objects. Real time traffic and travel information provides
data and information to the driver relating to traffic, weather conditions, speed cameras and
navigation. On having received such data, the driver makes a route plan and selects the best
alternative route to the destination.
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The vehicle intelligence system market can be classified by system, by application and by
geography. The system segment can be classified into anti-lock braking system (ABS), blind spot
monitoring system, adaptive head lights, electronic stability program (ESP), lane departure
warning system, emergency call system, obstacle and collision warning system, real time traffic
and travel information system, and others. By application, the market can be segregated as
passenger vehicles, light commercial vehicles and heavy commercial vehicles. By geography, the
market can be segmented into North America, Europe, Asia Pacific, Middle East and Africa, and
Latin America.
The need for higher safety of passengers and drivers in vehicles coupled with strict automobile
standards set by governments and the rising rate of road accidents are the major factors
influencing the growth of global vehicle intelligence systems market. Demand for infotainment
in vehicles for better navigation, driving assistance and emergency alarm systems is also set to
drive the market of vehicle intelligence systems globally. In addition, economic reforms in the
Asia Pacific and Europe and rising private equity investments in vehicle intelligence system
manufacturing companies across the world is set to influence the growth of this market
positively. In terms of market revenue share, Europe is expected to hold the largest share by
the end of forecast period followed by North America, Asia Pacific, Latin America and, Middle
East and Africa.
The report also provides company market share analysis of the various industry participants.
Acquisition is the main strategy being widely followed by leading market players. In case of an
acquisition, the acquirer takes advantage of existing synergies. As a result, both companies are
expected to emerge more profitable and stronger than before. Key players in the global vehicle
intelligence system market have been profiled and their company overview, financial overview,
business strategies and recent developments have been covered in the report. Major market
participants profiled in this report include: 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) among others.