Press release
Commercial Vehicles, Traversing Large Distances, Drives Global Vehicle Intelligence Systems Market
The report begins by elaborating upon the various products being used in the global vehicle intelligence systems market. Those include blind spot monitoring system, anti-lock braking system (ABS), adaptive head lights, lane departure warning system, electronic stability program (ESP), emergency call system, real time traffic and travel information system, and obstacle and collision warning system. It explains that blind spot monitoring system informs about any obstacles in the vehicle’s blind spot zone to drivers. Adaptive headlights, on the other hand, can automatically adjust the intensity of light depending upon the environment. ESPs serve to stabilize the vehicle’s movement and prevents skidding. Such systems can go a long way in infusing traffic discipline and preventing accidents. And in case of an accident, they can automatically place calls to local emergency numbers.
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The global vehicle intelligence systems market is rising because of the benefits of the new intelligent technologies leveraging Internet of Things (IoT). A host of sensors with a range of functionalities, gather information on different aspects of the surroundings to enable timely decision making while driving. The data they gather is not only of immediate use, but can also be used to gather actionable insights for the future. They fulfill needs of infotainment, enable improved navigation on roads, driving assistance and emergency alarm systems.
The report segments the global vehicle intelligence systems market on the basis of application into light commercial vehicles, passenger vehicles, and heavy commercial vehicles. The light and heavy commercial vehicles are currently driving most of the demand in the vehicle intelligence systems market since they typically traverse large distances. Such ultra-sophisticated systems are expected to pave way for the autonomous vehicles.
From a geographical standpoint, North America at present leads the global vehicle intelligence systems market. Presence of key players in the region and penchant for latest technologies among the people, coupled with their high purchasing power has enabled the vehicle intelligence systems market in the region to soar. Besides, low interest rate on automotive loans and several big automobile manufacturers being domiciled in the region has also helped the market to grow. The demand in the region is mainly being driven by commercial vehicles.
Key players in the global vehicle intelligence systems market profiled in the report include Denso Corporation, Continental AG, Delphi Automotive PLC, Autoliv Inc., and Robert Bosch GmbH.
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