Published By : 30 Jun 2016 | Published By : QYRESEARCH
The evolving automotive industry has been the driving force behind the success of the global vehicle intelligence systems. These systems allow vehicles to drive intelligently by calculating and gauging navigation needs, tasks, behavior, and maneuverability. They are engineered to perceive the reality of the environment and deliver a responsive action. The growing research and development activities to enhance the vehicle intelligence systems are expected to support the rise of driverless vehicles movement in the automotive industry.
Europe Emerges as a Leader in Global Vehicle Intelligence Systems Market
Geographically, the global vehicle intelligence systems market is segmented on the basis into Asia Pacific, Europe, North America, and Rest of the World. Out of all these, Europe is leading the overall market as the region has a strong presence of automotive players. Some of the key operating players in countries such as the U.K., Germany, and France are Volkswagen Group, BMW AG, Daimler AG, and Audi AG. As these companies are working towards manufacturing premium vehicles that operate on intelligent systems, the Europe vehicle intelligence systems market is expected to flourish in the near future. Furthermore, the emergence of automotive manufacturing facilities in Asia Pacific is anticipated to boost this market in this region as well.
Initiatives to Develop Driverless Cars to Drive Global Market
The global vehicle intelligence systems market faces certain drawbacks such as expensive nature of intelligence systems, which adds to the prices of vehicles, making them unaffordable to the overall population. However, the global vehicle intelligence systems market is expected to find a plethora of opportunities as growing number of players are focusing towards developing driverless cars. This market will also thrive on efforts taken by companies to make cars safer with intelligent systems that can anticipate dangerous situations and deliver effective solutions.