Pune, India, February,2019/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Vehicle Intelligence System Market
Global Vehicle Intelligence System Market – Overview
The accelerated growth witnessed in the integration of the intelligence systems in vehicles to improve engine performance efficiency is motivating the market growth. Market reports linked to the automobile technology industry have been offered by Market Research Future which makes reports on other industry verticals that intends to study the current market scenarios better. The market is expected to develop with a brilliant in the period of the forecast.
The increasing focus on driver safety and general safety on the roads is spurring the growth of the vehicle intelligence system market. The automobile manufacturers are also increasingly adopting vehicle intelligence systems due to increased demand from consumer end as well as development in the production efficiencies is increasing the growth of the market. The increasing demand for autonomous cars as well as increased spending on the research and development activities is expected to spur the market progress in the forecast period.
The segmentation of the vehicle intelligence system market is carried out on the basis of vehicle type, road scene understanding, advanced driver assistance & monitoring and region. On the basis of vehicle type, the vehicle intelligence system market is segmented on the basis of commercial vehicles and passenger cars. Based on road scene understanding, the vehicle intelligence system market is segmented into RSD, RTS, NVS, and others. On the basis of advanced driver assistance & monitoring, the vehicle intelligence system market is segmented into BSP, PA TJA, ACC, DMS, and others. The regions that are included in the vehicle intelligence system market are Asia Pacific, North America, Europe and the rest of the world.
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Detailed Regional Analysis
The regional analysis of the vehicle intelligence system includes regions such as Asia Pacific, North America, Europe and rest of the world. The European region is anticipated to have the principal market share through the forecast period owing to the incidence of key automotive companies in this region. Furthermore, there is an upsurge in demand for the vehicle intelligence system in countries such as Germany, U.K., and France owing to the incidence of luxury and premium vehicles in the region. In the Asia Pacific region, nations such as Japan, India, South Korea, and China are the significant leaders for the development of this region owing to the growth in demand for luxury vehicles and the growth in the automotive manufacturers operating in the region.
The market contestants find themselves in a promising position with the capacity to handle the pace of change. The market trends indicate favorable growth of the products that can bring in improvements to the product range and tackle the customer need better. The market has the elements for displaying a better comparative or differential value. The incidence of productive units is projected to generate more sales or greater margins as compared to its market adversaries. The commencement of new technology is furthering the growth capability of the market. Considerable reductions in administrative finances are bringing more developments to the market. The making of a strong value chain is additionally encouraging the development of the market.
The strategic competitors in the Vehicle Intelligence System Market globally are Infineon Technologies AG (Germany), Denso Corporation (Japan), Autoliv Inc. (Sweden), Mobileye NV (Israel), Robert Bosch GmbH (Germany), Magna International Inc. (Canada), Continental AG (Germany), Delphi Automotive PLC (U.K.), Wabco Holdings Inc. (Belgium), and Valeo SA (France).
Jan 2019 The Dubai Corporation for Ambulance Service (DCAS) has obtained a fleet of advanced ambulances. The ambulances have a combined vehicle intelligence system that permits a central control room to detect, track its speed and connect with the ambulance driver. The ambulance is called Ford Transit Ambulance, the vehicles which have been especially developed for DCAS that have a semi-solar powered system that recharges the battery. They are also armed with a mechanism to plug in the vehicle to a power point when stationary and deliver cooling without switching on air-conditioning.