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Global Remote Sensing Device (RSD) Vehicle Intelligence System Market Overview 2033 : Forecasted Market Size And Growth Rate | Robert Bosch GmbH, Hitachi Ltd., Denso Corporation, ZF Friedrichshafen AG, Continental AG
Remote Sensing Device (RSD) Vehicle Intelligence System Global Market Report 2024
As per the report, the remote sensing device (RSD) vehicle intelligence systems market size has grown rapidly in recent years. It will grow from $2.14 billion in 2023 to $2.38 billion in 2024 at a compound annual growth rate (CAGR) of 11.3%. The remote sensing device (RSD) vehicle intelligence systems market size is expected to see rapid growth in the next few years. It will grow to $3.68 billion in 2028 at a compound annual growth rate (CAGR) of 11.5%.
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Impact Of Autonomous Vehicle Adoption On The Growth Of The Remote Sensing Device (RSD) Vehicle Intelligence System Market
The rising adoption of autonomous vehicles is expected to propel the growth of the remote sensing device (RSD) vehicle intelligence system market going forward. Autonomous vehicles are self-driving cars equipped with sensors and software to navigate, sense their environment, and make decisions without human intervention, aiming to improve safety, efficiency, and mobility. Advancements in artificial intelligence (AI) and machine learning have significantly improved the capabilities of autonomous driving systems, making AVs more reliable and efficient. RSD systems use sensors such as LiDAR, radar, and cameras to create detailed, real-time maps of the vehicle's surroundings. AVs can detect objects, obstacles, and other vehicles accurately. For instance, according to the National Association of Insurance Commissioners, a US-based regulatory support organization, the sales of autonomous vehicles in the U.S. are projected to reach 4.5 million units by 2025, up from just 0.1 million units in 2021. Therefore, the rising adoption of autonomous vehicles drives the growth of the remote sensing device (RSD) vehicle intelligence system market.
Adopting Intelligent Parking Solutions To Enhance Urban Mobility and Parking Efficiency
Major companies operating in the remote sensing device (RSD) vehicle intelligence system market are increasingly adopting intelligent parking solutions to enhance urban mobility and improve parking efficiency. Intelligent parking solutions refer to advanced systems and technologies designed to optimize the finding, reserving, and managing parking spaces. For instance, in August 2022, WM Motor Technology Co. Ltd., a China-based automobile technology company, launched 3.0 smart parking technology. The 3.0 service integrates intelligence from the automobile, field, and mobile sides and related big data to give consumers a more comprehensive smart parking experience. It offers real-time parking lot occupancy and pricing information via the WM Motor app. It provides pre-departure parking information, intelligent route planning, interior navigation, automated parking, and sensorless payment.
The remote sensing device (RSD) vehicle intelligence system market covered in this report is segmented -
1) By Component: Sensor, Analog Integrated Circuits (ICs), Processor, Memory
2) By Advanced Driver Assistance And Monitoring: Adaptive Cruise Control (ACC), Blind Spot Detection System, Park Assist System, Traffic Jam Assist System, Drowsiness Monitoring Or Alertness Sensing System, Other Advanced Driver Assistance And Monitoring Systems
3) By Vehicle Type: Passenger Cars, Commercial Vehicles
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Major companies operating in the remote sensing device (RSD) vehicle intelligence system market are Robert Bosch GmbH, Hitachi Ltd., Denso Corporation, ZF Friedrichshafen AG, Continental AG, Hyundai Mobis, Magna International Inc., Mitsubishi Electric Corporation, Aisin Seiki, Nvidia Corporation, Valeo S.A, Texas Instruments Incorporated, Aptiv PLC, Infineon Technologies AG, NXP Semiconductors N.V., BorgWarner Inc., Analog Devices Inc., Renesas Electronics Corporation, Autoliv Inc., Microchip Technology Inc., Xilinx Inc., Veoneer Inc., Mobileye Global Inc., Melexis NV, Wabco Holdings Inc.
Contents of the report:
1. Executive Summary
2. Remote Sensing Device (RSD) Vehicle Intelligence System Market Report Structure
3. Remote Sensing Device (RSD) Vehicle Intelligence System Market Trends And Strategies
4. Remote Sensing Device (RSD) Vehicle Intelligence System Market - Macro Economic Scenario
5. Remote Sensing Device (RSD) Vehicle Intelligence System Market Size And Growth
…..
27. Remote Sensing Device (RSD) Vehicle Intelligence System Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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