In-vehicle Data Capture Solutions Market: Introduction
In-Vehicle data capture solutions refer to the solutions which capture or record the data generated by connected cars. It captures the data through integration of sensors with IoT within the connected cars. Generally, these solutions are used in self-driving cars, military drones, and armored vehicles. Volume of automotive data continues to grow across the globe.
In-vehicle data capture solutions are responsible for capturing and transmitting route-tracking, fuel consumption, traffic, and accident data from vehicles. This helps in better monitoring and control of the vehicle and also reduces the chances of accident.
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In-Vehicle Data Capture Solutions Market – Dynamics
Increased Penetration of Technology in the Automotive Industry
Sudden advancements in the automotive industry across the globe have come about due to extensive adoption of technology within automobiles for better control and monitoring. The increased adoption of electric vehicles has hiked the revenue of manufacturers as customers are increasingly adopting these technology based vehicles. This has reduced risks and increased the safety of vehicles by analyzing situations and taking appropriate steps. High adoption of technology based vehicles among customers is driving demand for in-vehicle data capture solutions.
Network Coverage Limitations
Developing countries which are big markets have network coverage issues where the market is yet to penetrate. In-vehicle data capture solutions cannot work efficiently in these regions due to weak communication infrastructure. As the vehicle is constantly moving, network and communication infrastructure must be strong so that the data can be recorded effectively. Developing countries such as India, China, and Indonesia face serious connectivity issues which may hamper the growth of the in-vehicle data capture solutions market.
Increased Focus on Safety within the Vehicle
The focus by manufacturers as well as by governments on safety within vehicles has increased. Governments are focusing on autonomous vehicles which have high potential to deploy in-vehicle data capture solutions to minimize the risk related to accidents as well as ensure safety of passengers. This shift of focus toward automatic and connected vehicles is expected to drive the growth of the in-vehicle data capture solutions market.
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North America Expected to Dominate the Market in Terms of Size
In terms of region, the global in-vehicle data capture solutions market can be divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America is expected to dominate the market as the adoption rate of autonomous vehicles as well as technology within vehicles such as ADAS and many more is comparatively high. Therefore, North America is expected to dominate the in-vehicle data capture solutions market due to high technology adoption rate.
In-Vehicle Data Capture Solutions Market –Competitive Landscape
- In March 2019, a leading autonomous vehicle technology integrator Level Five Supplies selected Quantum Corporation as the vendor of choice to fuel autonomous vehicle development.
- In November 2018, high performance in-vehicle storage was launched by Quantum to accelerate autonomous vehicle. This development is expected to help the company increase its dominance within the automotive solutions market.
Established in 1980, Quantum Corporation is headquartered in San Jose, California, United States. The company focuses on providing innovative technology and solutions which enable customers to carry maximum information though their own data. The company provides solutions related to autonomous vehicles, media & entertainment, geospatial. The company provides solutions related to in-vehicle data storage within autonomous vehicles.
Founded in 1968, Chi Corporation is based in Cleveland, United States. The company is majorly focused on providing solutions particularly in the areas of networking, security, storage, backup & recovery, and virtualization. The company also provides designing, configuring, and implementing well-architected and fully-integrated technologies to multiple industries across the globe. The company caters to data storage solutions within the automotive industry.
In-Vehicle Data Capture Solutions Market: Segmentation
The global in-vehicle data capture solutions market can be segmented based on:
- Vehicle Type
- Vehicle Operation Type
In-Vehicle Data Capture Solutions Market Segmentation, by Component
Based on component, the in-vehicle data capture solutions market can be divided into:
In-Vehicle Data Capture Solutions Market Segmentation, by Vehicle Type
In terms of vehicle type, the in-vehicle data capture solutions market can be bifurcated into:
- Internal Combustion Engine (ICE) vehicle
- Hybrid Electric Vehicle (HEV)
- Battery Electric Vehicle (BEV)
In-Vehicle Data Capture Solutions Market Segmentation, by Vehicle Operation Type
Depending on vehicle operation type, the in-vehicle data capture solutions market can be classified into:
The report on the in-vehicle data capture solutions market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The in-vehicle data capture solutions market report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on the in-vehicle data capture solutions market segments and geographies.
Regional analysis of the in-vehicle data capture solutions market includes:
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America
- Autonomous Car
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The study is a source of reliable data on:
- Market segments and sub-segments
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- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
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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.
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