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
Global Vehicle intelligence Market Report Segment
By Component
- Sensor
- Analog ICs
- Processor
- Memory
By Driver Monitoring Systems
- Adaptive Cruise Control System
- Blind Spot Detection System
- Park Assist System
- Traffic Jam Assist Systems
- Drowsiness Monitoring
By Road Scene Understanding
- Night Vision System
- Pedestrian Detection System
- Road/Lane Tracking System
- Road Sign Detection System
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
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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