Vehicle intelligence Market Growth Probability, Leading Vendors and Future Scenario By 2024-2031


Posted September 27, 2024 by Tan8121

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.

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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.

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Market Coverage
Market number available for – 2024-2031
Base year- 2024
Forecast period- 2024-2031
Segment Covered- By Source, By Product Type, By Applications
Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
, and others

Market Segmentation

Global Vehicle intelligence Market by Component 

Sensor
Analog ICs
Processor
Memory

Global Vehicle intelligence Market by Driver Monitoring Systems  

Adaptive Cruise Control System
Blind Spot Detection System
Park Assist System
Traffic Jam Assist Systems
Drowsiness Monitoring

Global Vehicle intelligence Market by Road Scene Understanding

Night Vision System
Pedestrian Detection System
Road/Lane Tracking System
Road Sign Detection System

Company Profiles 

Argo AI
Audi AG
BMW AG
Daimler AG
Didi Chuxing
ai
Ford Motor Company
General Motors Company
Harman International Industries Inc.
Honda Motor Co. Ltd.
Hyundai Motor Corp
Intel Corp
Nauto Inc.
nuTonomy
NVIDIA Corp
Qualcomm Inc.
Tesla Inc.
Toyota Motor Corp
Uber Technologies Inc.
Volvo Car Corp
Xilinx Inc.

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.

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Last Updated September 27, 2024