Vehicle intelligence Market
Vehicle intelligence Market Size, Share & Trends Analysis Report by Component (Sensor, Analog ICs, Processor and Memory), by Driver Monitoring Systems (Adaptive Cruise Control System, Blind Spot Detection System, Park Assist System, Traffic Jam Assist Systems, and Drowsiness Monitoring), and by Road Scene Understanding (Night Vision System, Pedestrian Detection System, Road/Lane Tracking System and Road Sign Detection System), Forecast Period (2023-2030) Update Available - Forecast 2024-2030
Vehicle intelligence market is anticipated to grow at a CAGR of 12.2% during the forecast period (2023-2030). Vehicle intelligence refers to the technology that allows vehicles to make smart decisions and perform tasks without human intervention. It involves sensors, cameras, and computer systems that gather information about the vehicle's surroundings, such as road conditions and other vehicles. Using this data, the vehicle can make decisions like adjusting speed, changing lanes, or even parking itself. Advanced algorithms process this information, enabling features like adaptive cruise control, lane-keeping assistance, and autonomous driving. Vehicle intelligence aims to enhance safety, efficiency, and convenience in transportation, ultimately paving the way for self-driving cars.
Segmental Outlook
The global Vehicle intelligence market is segmented on the Component, Driver Monitoring Systems and Road Scene Understanding. Based on the component, the market is sub-segmented into Sensor, Analog ICs, Processor and Memory. Based on Driver Monitoring Systems, the market is sub-segmented into Adaptive Cruise Control System, Blind Spot Detection System, Park Assist System, Traffic Jam Assist Systems, and Drowsiness Monitoring. And based on the Road Scene Understanding, the market is sub-segmented into Night Vision System, Pedestrian Detection System, Road/Lane Tracking System and Road Sign Detection System. Among the Driver Monitoring Systems, the Adaptive Cruise Control System sub-segment is anticipated to hold a considerable share of the market, Governments around the world are increasingly implementing regulations that mandate the use of certain vehicle intelligence systems, such as ADAS features.
The Sensor Sub-Segment is Anticipated to Hold a Considerable Share of the Global Vehicle intelligence Market
Among the component, the Sensor sub-segment is expected to hold a considerable share of the global Vehicle intelligence market. Sensing is a key component of vehicle intelligence. Sensors collect data about the vehicle's surroundings and internal environment, which is then used by the vehicle's intelligence system to make decisions about how to control the vehicle and interact with its environment. Hence the market players are introducing better sensors for better driving experience. For instance, In July 2023, Mobileye has introduced the world’s first vision-only Intelligent Speed Assist (ISA) solution for automakers, following testing and certification across Europe. The camera-only solution, launching in production vehicles this year, helps global automakers meet new European Union (EU) General Safety Regulation (GSR) standards requiring automatic sensing of speed limits in all new vehicle models, without the need to rely on third-party map and GPS data. The new software, designed for Mobileye’s EyeQ platform, has been certified for use in all 27 EU countries as well as Israel, Norway, Switzerland, and Turkey. The EyeQ4 and EyeQ6-based ISA system allows OEMs whose vehicles already integrate these chips to meet the new standards merely by updating the EyeQ’s existing software, without any new hardware requirements.
Regional Outlook
The global Vehicle intelligence market is further segmented based on geography including North America (the US, and Canada), Europe (UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia), and the Rest of the World (the Middle East & Africa, and Latin America). Among these, Asia pacific is anticipated to hold a prominent share of the market across the globe, owing to Rising consumer demand for convenience and safety and growing number of startups in the region. For instance, In June 2023, Bengaluru-based start-up Minus Zero has unveiled what it claims is India’s first autonomous vehicle. Based on a camera-sensor suite, the fully-electric prototype called zPod can drive in all environmental and geographical constraints, and can scale up to Level 5 autonomy capabilities, the company said. Level 5 autonomy refers to the highest level of autonomous driving, where a vehicle is fully capable of operating without human intervention in all driving conditions and environments.
Global Vehicle intelligence Market Growth, by Region 2023-2030
The European Region is Expected to Grow at a Significant CAGR in the Global Vehicle intelligence Market
Among all regions, the European regions is anticipated to grow at a considerable CAGR over the forecast period. Regional growth is attributed to technological advancements in areas such as artificial intelligence, machine learning, and sensor technology are driving the development of new and innovative vehicle intelligence systems in the region. For instance, April 2023, Global sensor manufacturer Optex has launched its new series of “highly reliable and easy to install” above-ground vehicle detection sensors for customers in Europe. An extension of its existing range, the new OVS-02GT sensors feature highly accurate microwave technology with short and long-range detection logic, helping to provide vehicle detection for gate and barrier automation at a wide range of commercial, residential, and industrial sites, the firm noted.The above-ground sensors provide the ideal solution for any site or environment where a ground loop cannot be installed, such as locations where digging is prohibited or not possible, the road surface is damaged or unsealed, or areas prone to flooding
Market Players Outlook
The major companies serving the Vehicle intelligence market include Ford Motor Company, General Motors Company, Harman International Industries Inc., Honda Motor Co. Ltd., Hyundai Motor Corp, Intel Corp, Toyota Motor Corp, Uber Technologies Inc., Volvo Car Corp, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, In February 2023, Mercedes-Benz and Google announced a partnership that will enhance its vehicle with advanced features and software systems. It also plans to integrate ‘supercomputers’ into its vehicles. Mercedes-Benz partnered with Google for navigation services. Google Maps will be integrated into Mercedes-branded navigation systems, offering drivers real-time traffic information, automatic rerouting and the ability to access Level 3 autonomous driving mode.
The Report Covers
- Market value data analysis of 2022 and forecast to 2030.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Vehicle intelligence market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Alphabet Inc.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. IBM Corp
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Microsoft Corp.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Key Strategy Analysis
4. Market Segmentation
4.1. Global Vehicle intelligence Market by Component
4.1.1. Sensor
4.1.2. Analog ICs
4.1.3. Processor
4.1.4. Memory
4.2. Global Vehicle intelligence Market by Driver Monitoring Systems
4.2.1. Adaptive Cruise Control System
4.2.2. Blind Spot Detection System
4.2.3. Park Assist System
4.2.4. Traffic Jam Assist Systems
4.2.5. Drowsiness Monitoring
4.3. Global Vehicle intelligence Market by Road Scene Understanding
4.3.1. Night Vision System
4.3.2. Pedestrian Detection System
4.3.3. Road/Lane Tracking System
4.3.4. Road Sign Detection System
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. Argo AI
6.2. Audi AG
6.3. BMW AG
6.4. Daimler AG
6.5. Didi Chuxing
6.6. Drive.ai
6.7. Ford Motor Company
6.8. General Motors Company
6.9. Harman International Industries Inc.
6.10. Honda Motor Co. Ltd.
6.11. Hyundai Motor Corp
6.12. Intel Corp
6.13. Nauto Inc.
6.14. nuTonomy
6.15. NVIDIA Corp
6.16. Qualcomm Inc.
6.17. Tesla Inc.
6.18. Toyota Motor Corp
6.19. Uber Technologies Inc.
6.20. Volvo Car Corp
6.21. Xilinx Inc.
1. GLOBAL VEHICLE INTELLIGENCE MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
2. GLOBAL SENSOR FOR VEHICLE INTELLIGENCE MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
3. GLOBAL ANALOG ICS FOR VEHICLE INTELLIGENCE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
4. GLOBAL PROCESSOR FOR VEHICLE INTELLIGENCE MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
5. GLOBAL MEMORY FOR VEHICLE INTELLIGENCE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
6. GLOBAL VEHICLE INTELLIGENCE MARKET RESEARCH AND ANALYSIS BY DRIVER MONITORING SYSTEMS, 2022-2030 ($ MILLION)
7. GLOBAL ADAPTIVE CRUISE CONTROL SYSTEM IN VEHICLE INTELLIGENCE MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
8. GLOBAL BLIND SPOT DETECTION SYSTEM IN VEHICLE INTELLIGENCE MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
9. GLOBAL PARK ASSIST SYSTEM IN VEHICLE INTELLIGENCE MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
10. GLOBAL TRAFFIC JAM ASSIST SYSTEMS IN VEHICLE INTELLIGENCE MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
11. GLOBAL DROWSINESS MONITORING IN VEHICLE INTELLIGENCE MARKET RESEARCH AND ANALYSIS BY REGION,2022-2030 ($ MILLION)
12. GLOBAL VEHICLE INTELLIGENCE MARKET RESEARCH AND ANALYSIS BY ROAD SCENE UNDERSTANDING, 2022-2030 ($ MILLION)
13. GLOBAL VEHICLE INTELLIGENCE FOR NIGHT VISION SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
14. GLOBAL VEHICLE INTELLIGENCE FOR PEDESTRIAN DETECTION SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
15. GLOBAL VEHICLE INTELLIGENCE FOR ROAD/LANE TRACKING SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
16. GLOBAL VEHICLE INTELLIGENCE FOR ROAD SIGN DETECTION SYSTEM MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
17. GLOBAL VEHICLE INTELLIGENCE MARKET RESEARCH AND ANALYSIS BY REGION, 2022-2030 ($ MILLION)
18. NORTH AMERICAN VEHICLE INTELLIGENCE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
19. NORTH AMERICAN VEHICLE INTELLIGENCE MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
20. NORTH AMERICAN VEHICLE INTELLIGENCE MARKET RESEARCH AND ANALYSIS BY DRIVER MONITORING SYSTEMS, 2022-2030 ($ MILLION)
21. NORTH AMERICAN VEHICLE INTELLIGENCE MARKET RESEARCH AND ANALYSIS BY ROAD SCENE UNDERSTANDING, 2022-2030 ($ MILLION)
22. EUROPEAN VEHICLE INTELLIGENCE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
23. EUROPEAN VEHICLE INTELLIGENCE MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
24. EUROPEAN VEHICLE INTELLIGENCE MARKET RESEARCH AND ANALYSIS BY DRIVER MONITORING SYSTEMS, 2022-2030 ($ MILLION)
25. EUROPEAN VEHICLE INTELLIGENCE MARKET RESEARCH AND ANALYSIS BY ROAD SCENE UNDERSTANDING, 2022-2030 ($ MILLION)
26. ASIA- PACIFIC VEHICLE INTELLIGENCE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
27. ASIA- PACIFIC VEHICLE INTELLIGENCE MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
28. ASIA- PACIFIC VEHICLE INTELLIGENCE MARKET RESEARCH AND ANALYSIS BY DRIVER MONITORING SYSTEMS, 2022-2030 ($ MILLION)
29. ASIA- PACIFIC VEHICLE INTELLIGENCE MARKET RESEARCH AND ANALYSIS BY ROAD SCENE UNDERSTANDING, 2022-2030 ($ MILLION)
30. REST OF THE WORLD VEHICLE INTELLIGENCE MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2022-2030 ($ MILLION)
31. REST OF THE WORLD VEHICLE INTELLIGENCE MARKET RESEARCH AND ANALYSIS BY COMPONENT, 2022-2030 ($ MILLION)
32. REST OF THE WORLD VEHICLE INTELLIGENCE MARKET RESEARCH AND ANALYSIS BY DRIVER MONITORING SYSTEMS, 2022-2030 ($ MILLION)
33. REST OF THE WORLD VEHICLE INTELLIGENCE MARKET RESEARCH AND ANALYSIS BY ROAD SCENE UNDERSTANDING, 2022-2030 ($ MILLION)
1. GLOBAL VEHICLE INTELLIGENCE MARKET SHARE BY COMPONENT, 2022 VS 2030 (%)
2. GLOBAL SENSOR FOR VEHICLE INTELLIGENCE MARKET SHARE BY REGION, 2022 VS 2030 (%)
3. GLOBAL ANALOG ICS FOR VEHICLE INTELLIGENCE MARKET SHARE BY REGION, 2022 VS 2030 (%)
4. GLOBAL PROCESSOR FOR VEHICLE INTELLIGENCE MARKET SHARE BY REGION, 2022 VS 2030 (%)
5. GLOBAL MEMORY FOR VEHICLE INTELLIGENCE MARKET SHARE BY REGION, 2022 VS 2030 (%)
6. GLOBAL VEHICLE INTELLIGENCE MARKET SHARE BY DRIVER MONITORING SYSTEMS, 2022 VS 2030 (%)
7. GLOBAL ADAPTIVE CRUISE CONTROL SYSTEM IN VEHICLE INTELLIGENCE MARKET SHARE BY REGION, 2022 VS 2030 (%)
8. GLOBAL BLIND SPOT DETECTION SYSTEM IN VEHICLE INTELLIGENCE MARKET SHARE BY REGION, 2022 VS 2030 (%)
9. GLOBAL PARK ASSIST SYSTEM IN VEHICLE INTELLIGENCE MARKET SHARE BY REGION, 2022 VS 2030 (%)
10. GLOBAL TRAFFIC JAM ASSIST SYSTEM IN VEHICLE INTELLIGENCE MARKET SHARE BY REGION, 2022 VS 2030 (%)
11. GLOBAL DROWSINESS MONITORING IN VEHICLE INTELLIGENCE MARKET SHARE BY REGION, 2022 VS 2030 (%)
12. GLOBAL VEHICLE INTELLIGENCE MARKET SHARE BY ROAD SCENE UNDERSTANDING, 2022 VS 2030 (%)
13. GLOBAL VEHICLE INTELLIGENCE FOR NIGHT VISION SYSTEM MARKET SHARE BY REGION, 2022 VS 2030 (%)
14. GLOBAL VEHICLE INTELLIGENCE FOR PEDESTRIAN DETECTION SYSTEM MARKET SHARE BY REGION, 2022 VS 2030 (%)
15. GLOBAL VEHICLE INTELLIGENCE FOR ROAD/LANE TRACKING SYSTEM MARKET SHARE BY REGION, 2022 VS 2030 (%)
16. GLOBAL VEHICLE INTELLIGENCE FOR ROAD SIGN DETECTION SYSTEM MARKET SHARE BY REGION, 2022 VS 2030 (%)
17. GLOBAL VEHICLE INTELLIGENCE MARKET SHARE BY REGION, 2022 VS 2030 (%)
18. US VEHICLE INTELLIGENCE MARKET SIZE, 2022-2030 ($ MILLION)
19. CANADA VEHICLE INTELLIGENCE MARKET SIZE, 2022-2030 ($ MILLION)
20. UK VEHICLE INTELLIGENCE MARKET SIZE, 2022-2030 ($ MILLION)
21. FRANCE VEHICLE INTELLIGENCE MARKET SIZE, 2022-2030 ($ MILLION)
22. GERMANY VEHICLE INTELLIGENCE MARKET SIZE, 2022-2030 ($ MILLION)
23. ITALY VEHICLE INTELLIGENCE MARKET SIZE, 2022-2030 ($ MILLION)
24. SPAIN VEHICLE INTELLIGENCE MARKET SIZE, 2022-2030 ($ MILLION)
25. REST OF EUROPE VEHICLE INTELLIGENCE MARKET SIZE, 2022-2030 ($ MILLION)
26. INDIA VEHICLE INTELLIGENCE MARKET SIZE, 2022-2030 ($ MILLION)
27. CHINA VEHICLE INTELLIGENCE MARKET SIZE, 2022-2030 ($ MILLION)
28. JAPAN VEHICLE INTELLIGENCE MARKET SIZE, 2022-2030 ($ MILLION)
29. SOUTH KOREA VEHICLE INTELLIGENCE MARKET SIZE, 2022-2030 ($ MILLION)
30. REST OF ASIA-PACIFIC VEHICLE INTELLIGENCE MARKET SIZE, 2022-2030 ($ MILLION)
31. REST OF THE WORLD VEHICLE INTELLIGENCE MARKET SIZE, 2022-2030 ($ MILLION)
