Vehicle Intelligence System Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025
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<strong>Vehicle</strong> <strong>Intelligence</strong> <strong>System</strong> <strong>Market</strong> - <strong>Global</strong> <strong>Industry</strong> <strong>Analysis</strong>, <strong>Size</strong>, <strong>Share</strong>, <strong>Growth</strong>,<br />
<strong>Trends</strong>, <strong>and</strong> <strong>Forecast</strong> <strong>2017</strong> - <strong>2025</strong><br />
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<strong>Vehicle</strong> intelligence systems comprise of electromagnetic, electronic <strong>and</strong> electromechanical devices such as<br />
silicon micro-machined components operating with radio transceivers <strong>and</strong> computer controlled devices. This<br />
allows precise repeatability functions such as artificial intelligence function <strong>and</strong> emergency warning functions.<br />
<strong>Vehicle</strong> intelligence systems communicate with the surroundings of the vehicle <strong>and</strong> assists the driver<br />
for a better driving experience. The communication is carried out with the help of sensors fitted in vehicles.<br />
The major types of vehicle intelligence systems are anti-lock braking system (ABS), blind spot monitoring<br />
system, adaptive head lights, electronic stability program (ESP), lane departure warning system, emergency<br />
call system, obstacle <strong>and</strong> collision warning system, real time traffic <strong>and</strong> travel information system. ABS is a<br />
braking system which automatically prevents the locking of wheels while braking <strong>and</strong> allows the car to stay<br />
on track. Blind spot monitoring system alerts the driver for any obstacles coming in the blind spot zone of the<br />
vehicle. Adaptive headlights or smart lamps has the capability of automatically adjusting the intensity of light<br />
in corners <strong>and</strong> dark conditions. Such lights also help to avoid dazzling.<br />
ESP is a system which stabilizes the movement of vehicles <strong>and</strong> helps in the avoidance of skidding under<br />
critical scenarios. Lane departure warning system alerts the driver <strong>and</strong> co-passengers during unintentional<br />
switching of lanes. In a case of accident, emergency call system, automatically calls the local emergency<br />
authorities <strong>and</strong> provides them the vehicle position <strong>and</strong> accident related data on real time basis. Obstacle <strong>and</strong><br />
collision warning systems alerts the driver of any potential collision with any vehicle or objects. Real time<br />
traffic <strong>and</strong> travel information provides data <strong>and</strong> information to the driver relating to traffic, weather conditions,<br />
speed cameras <strong>and</strong> navigation. On having received such data, the driver makes a route plan <strong>and</strong> selects<br />
the best alternative route to the destination.<br />
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The vehicle intelligence system market can be classified by system, by application <strong>and</strong> by geography. The<br />
system segment can be classified into anti-lock braking system (ABS), blind spot monitoring system, adaptive<br />
head lights, electronic stability program (ESP), lane departure warning system, emergency call system, ob-
stacle <strong>and</strong> collision warning system, real time traffic <strong>and</strong> travel information system, <strong>and</strong> others. By application,<br />
the market can be segregated as passenger vehicles, light commercial vehicles <strong>and</strong> heavy commercial<br />
vehicles. By geography, the market can be segmented into North America, Europe, Asia Pacific, Middle East<br />
<strong>and</strong> Africa, <strong>and</strong> Latin America.<br />
The need for higher safety of passengers <strong>and</strong> drivers in vehicles coupled with strict automobile st<strong>and</strong>ards set<br />
by governments <strong>and</strong> the rising rate of road accidents are the major factors influencing the growth of global<br />
vehicle intelligence systems market. Dem<strong>and</strong> for infotainment in vehicles for better navigation, driving assistance<br />
<strong>and</strong> emergency alarm systems is also set to drive the market of vehicle intelligence systems globally.<br />
In addition, economic reforms in the Asia Pacific <strong>and</strong> Europe <strong>and</strong> rising private equity investments in vehicle<br />
intelligence system manufacturing companies across the world is set to influence the growth of this market<br />
positively. In terms of market revenue share, Europe is expected to hold the largest share by the end of forecast<br />
period followed by North America, Asia Pacific, Latin America <strong>and</strong>, Middle East <strong>and</strong> Africa.<br />
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The report also provides company market share analysis of the various industry participants. Acquisition is<br />
the main strategy being widely followed by leading market players. In case of an acquisition, the acquirer<br />
takes advantage of existing synergies. As a result, both companies are expected to emerge more profitable<br />
<strong>and</strong> stronger than before. Key players in the global vehicle intelligence system market have been profiled <strong>and</strong><br />
their company overview, financial overview, business strategies <strong>and</strong> recent developments have been covered<br />
in the report. Major market participants profiled in this report include: Denso Corporation (Japan), Continental<br />
AG (Germany), Delphi Automotive PLC (U.K.), Autoliv Inc. (Sweden), Robert Bosch GmbH (Germany),<br />
Magna International Inc. (Canada), Wabco Holdings, Inc. (Belgium), Valeo SA (France), Infineon Technologies<br />
AG (Germany) <strong>and</strong> Mobileye NV (Israel) among others.<br />
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical<br />
data, <strong>and</strong> verifiable projections about market size. The projections featured in the report have been<br />
derived using proven research methodologies <strong>and</strong> assumptions. By doing so, the research report serves as a<br />
repository of analysis <strong>and</strong> information for every facet of the market, including but not limited to: Regional<br />
markets, technology, types, <strong>and</strong> applications.<br />
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