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Edition: 9; Released: January 2022
Executive Pool: 1677
Companies: 13 – Players covered include Aptiv PLC; Autoliv, Inc.; Continental AG; Denso Corporation; Infineon Technologies AG; Magna International, Inc.; Mobileye NV; Robert Bosch GmbH; Valeo SA; WABCO Holdings Inc. and Others.
Coverage: All major geographies and key segments
Segments: Advanced Driver Assistance & Monitoring (Adaptive Cruise Control System, Blind spot detection system, Park assist system, Traffic jam assist system, Drowsiness monitoring/alertness sensing system); Road Scene Understanding (Road/lane tracking system, Road sign detection system, Night vision system, Pedestrian detection system); Vehicle Type (Passenger Cars, Commercial Vehicles)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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ABSTRACT-
Global Vehicle Intelligence Systems Market to Reach $30 Billion by 2026
Amid the COVID-19 crisis, the global market for Vehicle Intelligence Systems estimated at US$15.6 Billion, is projected to reach a revised size of US$30 Billion by 2026, growing at a CAGR of 11.4% over the analysis period. Road/lane tracking system, one of the segments analyzed in the report, is projected to record a 10.3% CAGR and reach US$10.8 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Road sign detection system segment is readjusted to a revised 14% CAGR for the next 7-year period.
The U.S. Market is Estimated at $5.2 Billion in 2021, While China is Forecast to Reach $5.3 Billion by 2026
The Vehicle Intelligence Systems market in the U.S. is estimated at US$5.2 Billion in the year 2021. China, the world’s second largest economy, is forecast to reach a projected market size of US$5.3 Billion by the year 2026 trailing a CAGR of 11.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.2% and 9.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 8.3% CAGR.
Night vision system Segment to Reach US$6.5 Billion by the year 2026
In the global Night vision system segment, USA, Canada, Japan, China and Europe will drive the 11.8% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$2.6 Billion will reach a projected size of US$5.7 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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