Market Overview:

Vehicle Intelligence Systems (VIS) help to ensure the safety of the driver, passengers, and pedestrians. VIS analyzes vehicle functioning hence avoiding mishap with other vehicles. Upon the installation of VIS, vehicles exchange the data with the help of a two-way communication system. The lanes of the automated highways have a computer-controlled system that alerts the drivers of the traffic jam, provides parking guidance and avoids a collision. The market for vehicle intelligence systems is estimated to rise from USD 11.29 billion in 2019 to USD 20.11 billion by 2024 at a current CAGR of 12.24% during the forecast period.

Market drivers and restraints:

The requirement for more excellent safety of passengers and drivers in vehicles together with strict automobile standards set by governments and the increasing rate of road accidents are the key factors boosting the expansion of the global vehicle intelligence systems market. Call for infotainment in vehicles for improved navigation, driving assistance and emergency alarm systems is also set to drive the demand for vehicle intelligence systems worldwide.

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Report segmented as:

By System:

anti-lock braking system (ABS)
blind-spot monitoring system
adaptive headlights
electronic stability program (ESP)
lane departure warning system
emergency call system
obstacle and collision warning system
real-time traffic and travel information system
others
By application:

passenger vehicles
light commercial vehicles
heavy commercial vehicles
Geographical analysis:

Based on geography, the market is segregated into North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America. Economic reforms in the Asia Pacific and Europe, and increasing private equity investments in vehicle intelligence system making companies across the globe are set to influence the expansion of this market positively.

Important market players:

The major players of Global Vehicle Intelligence System Market are Denso Corporation (Japan), Delphi Automotive PLC (U.K.), Autoliv Inc. (Sweden), Magna International Inc. (Canada), Robert Bosch GmbH (Germany), Mobileye NV (Israel), Infineon Technologies AG (Germany), Continental AG (Germany), Wabco Holdings Inc. (Belgium), and Valeo SA (France).

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The Scope of the report:

This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for a better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.

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