The global vehicle intelligence systems market is projected to grow from USD 11.29 billion in 2016 to USD 20.11 billion by 2021, registering a CAGR of 12.24% during the forecast period.

The report covers two major vehicle categories for vehicle intelligence systems—that is, passenger cars and commercial vehicles. Changing consumer preferences and growing safety and environmental concerns have played a crucial role in the evolution of automobile safety. The demand for passenger cars is influenced by economic conditions, changing government policies, and inflation levels. Owing to the high integration cost, vehicle intelligent systems are predominantly found in premium or luxury cars. However, the commercial vehicle segment is expected to offer promising growth opportunities.

Advanced driver assistance and driver monitoring systems constitute the largest segment of the vehicle intelligence systems market. This segment includes systems such as adaptive cruise control, blind spot detection, park assist, traffic jam assist, and drowsiness warning/alertness sensing. The park assist segment is estimated to occupy the largest share of the advanced driver assistance and driver monitoring systems market. The low cost of the system has enabled it to be integrated in all vehicle segments. The adaptive cruise control segment is projected to register the highest CAGR, owing to the increasing demand for an enhanced driving experience.

The Asia-Oceania market for vehicle intelligence systems is expected to grow at a promising CAGR during the forecast period. The region comprise countries such as China, India, Japan, and South Korea, which have been considered for the study. China and India are estimated to account for more than 30% of the global vehicle production. Additionally, Japan and South Korea are technologically advanced nations. Asia-Oceania offers vehicle intelligence system manufacturers key advantages such as low-cost labor and raw materials. Additionally, the increasing adoption of vehicle intelligence systems in developing economies, prompted by the growing awareness about vehicle safety, will likely boost the vehicle intelligence systems market in the region. However, the global market is currently dominated by Europe and North America, owing to the stringent safety norms in these regions.

Vehicle Intelligence system applications in advanced driver assistance and driver monitoring drive the growth of vehicle intelligence system market

Adaptive Cruise Control

Adaptive cruise control is basically an advanced version of standard cruise control. The system works in accordance with the external environment, the system helps the vehicle in maintaining a safe distance from the preceding vehicle, when the cruise control feature is active. However, one of the major drawbacks of the system is that it not able to clearly differentiate between a stopped vehicle on the road and stationary objects off the road.

Blind Spot Detection System

The blind spot detection system assists the driver while changing lanes as the side view mirror don’t provide complete coverage If the system detects any object in the parallel lane, it alerts the driver by providing a flashing light on the side view mirror, even after the vehicle moves into the adjacent lane, then a beep sounds  or the steering wheel vibrates, to signal the driver. This technology was developed by Volvo, and is a very useful feature as it aids the driver in providing a 360 degree coverage around the vehicle.

Park Assist System

The park assist system is mainly used when the vehicle needs to be parked in a confined space. There are two main types of park assist systems. One where the system guides the driver and provides information related to the surroundings. The second is where the system takes full control of the steering mechanism and executes the required parking sequence. The system uses a number of sensors and cameras to generate the output. The system assess the surrounding environment using odometry, while the vehicle is in action.

Traffic Jam Assist system

The traffic jam assist system is partially automated system. The system supports the driver while the vehicle is driving through a traffic jam. In such cases the vehicle is subjected to low speed driving and halting. When the driver activates the system, the system takes control over the functioning of the vehicle such as braking, starting, and accelerating. However the system does need some human intervention to work perfectly.

Drowsiness Warning/Alertness Sensing System

The drowsiness warning/alertness sensing system primarily monitors the driver. It detects the state of the driver’s consciousness, and alertness, which are an important factor while driving. During long journeys, the driver tends to fall asleep at the wheel, which can cause an accident. To prevent such traffic accidents, the drowsiness warning system analyses images of the driver’s face. The drowsiness warning/alertness sensing system, also monitors steering pattern and vehicle position in the lane in order to derive an accurate output. The systems sends an alert signal when driver shows signs of being drowsy, which helps to prevent accidents.

Critical questions the report answers:

• Where will all these developments take the industry in the mid to long term?
• What are the upcoming industry applications for vehicle intelligence system market?

The demand for safety features has increased as consumers expect higher quality products. However, the cost of developing vehicle intelligence systems is very high. The system contains a number of software-driven electronic components, which increases the overall cost of the vehicle. This makes it difficult for OEMs to incorporate these systems in all vehicle segments. Thus, the high integration cost could restrain the growth of the vehicle intelligence systems market.

The global vehicle intelligence systems market is dominated by key manufacturers such as Continental AG (Germany), Denso Corporation (Japan), Delphi Automotive PLC (U.K.), Robert Bosch GmbH (Germany), and Autoliv Inc. (Sweden). Continental AG is a strong competitor, and has a wide geographical presence. It has a broad product portfolio for vehicle intelligence technologies, and provides these technologies for almost all ranges of vehicles. The above-mentioned companies have been focusing on developing new products and forming partnerships and collaborations with key organizations to expand their presence in the global vehicle intelligence systems market.

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