Increase in Automation Levels and Intelligent Cruise Controls Expected to Drive Global In-Vehicle Computer System Market: Ken Research
In-vehicle computer systems are designed to perform various in-vehicle functions such as infotainment, telematics, video surveillance, fleet management, and taxi dispatch and law enforcement. Additionally, with the advancement in technologies it also provides intelligent traffic system, job dispatch, video surveillance, asset management, and fuel saving. It is gaining considerable growth in the market due to an excessive rise in production of passenger and commercial vehicle, which is also anticipated to propel the growth of market over the forecast years.
According to study, “Global In-vehicle Computer System Market to reach USD 1091.53 Million by 2026” the key companies operating in the global in-vehicle computer system market are S&T AG (Kontron), Sintrones Technology Corporation, Lanner Electronics Inc., IEI Integration Corporation, Axiomtek, JLT Mobile Computers, Ibase Technology Inc., Premio Inc., Acrosser and SD-Omega. The key companies have secure distribution networks at the global level. Also, these manufacturers present a wide range of in-vehicle computer systems with an array of configurations customized for different automotive applications. The key strategies adopted by these players to sustain their market position are new product developments & collaborations, and contracts & agreements.
Based on offering, in-vehicle computer system market is segmented as software and hardware. Software is further sub-segmented as Linux and Windows. Hardware is further sub-segmented as processing unit, display screen, and others. Based on memory size, market is segmented as up to 8 GB, 16 GB, 32 GB and above 32 GB. Based on vehicle type, market is segmented as commercial vehicle and passenger vehicle. In addition, based on application, market is segmented as safety computers, convenience computers, performance computers and diagnostic computers.
The in-vehicle computer system market is driven by rise in focus on customized solutions for specialized vehicles, followed by increase in automation levels & intelligent cruise controls, growth in initiative of intelligent transport system in various applications such as connected vehicle and smart public transit and rise in shift toward Inter-of-Things (IoT)-based smart transportation. However, threat of substitution by smart-phones or compact handheld devices and increase in complexity of vehicle electronics may impact the market. Moreover, Initiatives for Smart Public Transit and increase in advanced telematics-based services such as predictive vehicle maintenance and usage-based insurance are key opportunities for market.
Based on geography, the North-American region dominates the global in-vehicle computer system market owing to presence of large marker players, rise in demand of autonomous driving system and increase in prevalence of high performance embedded computing platform in the region. Whereas, the European and Asian-Pacific regions are estimated to witness higher growth rate due to rise in production of automotive over the forecast period. In upcoming years, it is expected that future of the global market will be bright as a result of rise in prevalence of automation levels and intelligent cruise controls during the forecast period. The global in-vehicle computer system market is valued approximately US $453.65 million in 2018 and is likely to grow with a growth rate of more than 11.60% over the forecast period 2019 to 2026.
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Ankur Gupta, Head Marketing & Communications