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Vehicle Intelligence Systems Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

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Global Vehicle Intelligence Systems Market: Overview

The global vehicle intelligence systems market has been registering positive growth with the growing awareness about road safety. The development of vehicle intelligence systems has boosted the concept of driverless mobility. Vehicle intelligence systems are expected to shape the future of autonomous driving by improving collision avoidance, parking assistance, and emergency braking. 

On the basis of vehicle category, the global vehicle intelligence systems market can be segmented into commercial vehicles and passenger cars. The vehicle intelligence systems are mostly installed in premium and luxury cars owing to their high price. However, the commercial vehicles segment holds promising opportunities for the growth of the market during the forecast period. In terms of road scene understanding, vehicle intelligence systems can be categorized into road sign detection systems, night vision systems, road/lane tracking systems, and pedestrian detection systems. On the basis of advanced driver assistance and driver monitoring, vehicle intelligence systems are classified into blind spot detection systems, traffic jam assist systems, adaptive cruise control, alertness sensing systems, and park assist systems.     

Global Vehicle Intelligence Systems Market: Drivers and Restraints                             

Growing awareness about vehicle and driver safety has fuelled the demand for vehicle intelligence systems. The stringent safety regulations in the manufacturing of cars and the growing demand for luxury cars in the developing countries have supported the growth of the global vehicle intelligence systems market. The rising trend of autonomous/driverless cars is expected to augment the growth of the global vehicle intelligence systems market.

The high cost of vehicle intelligence systems is one of the major restraints in the growth of the global vehicle intelligence systems market. A vehicle intelligence system implements a number of technologies and a range of software-driven electronic components. As a result, the cost of development of the vehicle intelligence system increases. This has limited the installation of vehicle intelligence systems in premium or luxury cars. Furthermore, the effective functioning of vehicle intelligence systems on a real-time basis, coupled with high capital investment, remains a key challenge for market players.

Global Vehicle Intelligence Systems Market: Region-wise Outlook                                            

The global vehicle intelligence market can be segmented into four key regions: North America, Europe, Asia Pacific, and Rest of the World. The market in Europe is expected to witness significant due to the presence of some of the major automotive players. In countries such as the U.K., Germany, and France, the demand for vehicle intelligence systems is anticipated to surge during the forecast period owing to the presence of auto manufacturers including Daimler AG, Volkswagen Group, BMW AG, and Audi AG. With the growing demand for premium and luxury vehicles across Europe, the region is projected to support the growth of key market players. In Asia Pacific, countries such as India, Japan, South Korea, and China are the key markets for the automotive industry. The growing demand for luxury vehicles, coupled with the rise in the automotive manufacturing facilities in the region, will play a key role in the market’s growth in the coming years.

As the focus on driverless cars grows, the key players in the global automotive industry are investing heavily in artificial intelligence in cars. For example, the Toyota Research Institute is targeting the development of a driver assistance system that integrates artificial intelligence to improve safety of vehicle. Some of the prominent players in the global vehicle intelligence systems market are Denso Corporation, Delphi Automotive PLC, Autoliv Inc., Magna International Inc., Robert Bosch GmbH, Mobileye NV, Infineon Technologies AG, Continental AG, Wabco Holdings Inc., and Valeo SA. The key players are focusing on partnerships and collaborations for product development and business expansion.

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market 


Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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