The global Vehicle intelligence market is anticipated to grow at a CAGR of 12.2% during the forecast period (2023-2030). The global vehicle intelligence market is expected to grow at a significant rate owing to several factors which includes, Increasing demand for advanced driver assistance systems, Development of self-driving cars and Rising consumer demand for convenience and safety. Hence the market players are focusing on improving driving experience and launching new features to stay competitive in the market.
Browse the full report description of “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)” at https://www.omrglobal.com/industry-reports/vehicle-intelligence-market
In October 2023, oToBrite, has introduced its latest products to complete its ADAS product portfolio for heavy commercial vehicles including Blind Spot Information System, Moving Off Information System and Driver Monitoring System. Given that heavy commercial vehicles are more likely to be involved in fatal collisions for vulnerable road users (VRU), the latest European Union General Safety Regulations (GSR) have imposed strict standards on heavy commercial vehicles, including BSIS, MOIS, DMS, and other regulations. Japan has also adopted the same regulation for heavy commercial vehicles staring from BSIS UN R151. Businesses that comply with these regulations can benefit from tax incentives and installation subsidies. The whole idea is to make road safety toward vision zero, and oToBrite endeavors to make it come true. oToBrite BSIS can provide drivers the information signal of VRU, including pedestrians and two-wheelers within the blind spot area before making turn to reduce accidents.
In September 2023, Mobileye and Valeo announced a new partnership to deliver software-defined best -in class imaging radars for next-generation driver assist and automated driving features at IAA Mobility 2023 in Munich. By joining forces, Mobileye and Valeo can bring a new technology to automakers worldwide that enables more intelligent vehicles. As a key part of sensing systems for automated driving, imaging radar will be an enabling element for more advanced hands-off ADAS solutions and eyes-off automated driving features on highways and urban streets. This collaboration significantly advances a new phase in automotive safety and performance, automakers gain access to the latest cutting-edge technology from Mobileye that they can trust will exceed industry expectations as we have proven before, while benefiting from the customization, industrialization, testing and support capabilities brought by Valeo.
Market Coverage
• The market number available for – 2022-2030
• Base year- 2022
• Forecast period- 2023-2030
• Segment Covered-
o By Component
o By Driver Monitoring Systems
o By Road Scene Understanding
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includes, 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.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How are players addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Vehicle intelligence Market Report Segment
By Component
By Driver Monitoring Systems
By Road Scene Understanding
Global Vehicle intelligence Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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