Vehicle Intelligence Systems Market is projected to grow up to USD 26.7 billion by 2027 growing at a CAGR of 15.2% during the forecasting period 2021-2027.

Vehicle Intelligence Systems (VIS) are fitted in cars to keep the driver, passengers, and pedestrians safe. VIS analyses the vehicle's operation, allowing it to prevent potential collisions with other cars. Vehicles communicate information utilising a two-way communication system after VIS is installed. The lanes of automated motorways are equipped with a computer-controlled system that alerts cars to traffic jams, assists with parking, and avoids collisions. Commercial vehicles are predicted to dominate the global vehicle intelligence system market in terms of vehicle type, owing to the necessity for better safety in commercial vehicles, which are designed for long-distance travel. The usage of VIS in commercial vehicles is restricted, despite the fact that it represents a significant opportunity for manufacturers to grow their market share.
The global need for improved vehicles with better navigation, driving assistance, and emergency alarm systems is expected to propel the global vehicle intelligence systems market forward. People all over the world are drawn to well-equipped, high-tech vehicles, and the need for greater passenger and driver safety in vehicles is creating a huge demand for vehicles with the latest technologies, putting pressure on car manufacturers all over the world to adopt technological solutions that meet advanced standards. Furthermore, tight car standards imposed by governments in some countries, as well as an increase in the number of road accidents, are likely to enhance the Global Vehicle Intelligence Systems market in the forecast year. Similarly, continued growth in the vehicle sector in fast-developing nations such as Asia Pacific and Latin America is fueling market expansion. The high cost of Vehicle Intelligence Systems, on the other hand, may be a hindrance to the market's growth when compared to traditional Vehicle Systems.
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The Vehicle Intelligence Systems Market report has been categorized as below
By Component
Sensor
Analog ICs
Processor
Memory
By Advanced Driver Assistance and Driver Monitoring Systems
Adaptive cruise control system
Blind spot detection system
Park assist system
Traffic jam assist system
Drowsiness monitoring/alertness sensing system
By Road Scene Understanding
Road/lane tracking system
Road sign detection system
Night vision system
Pedestrian detection system
By Region
North America
Europe
Asia Pacific
Rest of World
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