According to a new market report published by Lucintel, the future of the global in-vehicle computer system market looks promising with opportunities in passenger cars and commercial vehicles segments. The global in-vehicle computer system market is expected to grow with a CAGR of 12% from 2021 to 2026. The major drivers for this market are increasing automation levels and intelligent cruise controls; focus on customized solutions for specialized vehicles and growing consumer demand for vehicle telematics.
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In this market, safety computers, performance computers, convenience computers and diagnostic computers are used in-vehicle computer system. On the basis of comprehensive research, Lucintel forecasts that safety computers will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to the increasing concerns for safety leading to the high adoption of safety computers driven by the ability to dial an emergency number to communicate the location of the vehicle in case of an accident.
Within the global in-vehicle computer system market, the commercial vehicles segment is expected to witness the highest growth over the forecast period due to the increasing adoption of the in-vehicle computer system in these vehicles and the emergence of new-age connectivity services. Moreover, the rising demand for connected and sustainable transportation and optimized fleet management is further driving the growth of the market of this segment.
North America is expected to remain the largest market and witness the highest growth rate over the forecast period due to the high adoption of in-vehicle computer systems and the development of autonomous driving in this region. The growing need for the High-Performance Embedded Computing (HPEC) and the strong demand for these systems among the law enforcement vehicles for real-time surveillance, enhancing safety and other applications are some other factors driving the market growth in this region.
Emerging trends, which have a direct impact on the dynamics of the industry, include inclinations towards connected specialized vehicles, implementation of IoT in transportation and demand for camera-based surveillance systems. Kontron S&T AG, Lanner, Axiomtek Co. Ltd., IBASE Technology Inc., SINTRONES TECHNOLOGY CORP., Acrosser Technology Co. Ltd., Premio Inc., IEI Integration Corp., JLT Mobile Computers AB, NEXCOM International Co. Ltd., Avalue Technology Inc and ADLINK Technology Inc are among the major suppliers of the in-vehicle computer system market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global in-vehicle computer system market by application, offering, memory size, vehicle type and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global In-vehicle Computer System Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global in-vehicle computer system market by application, offering, memory size, vehicle type and region, as follows:
By Application [Value ($ Million) from 2015 to 2026]:
Safety Computers
Performance Computers
Convenience Computers
Diagnostic Computers
By Offering [Value ($ Million) from 2015 to 2026]:
By Memory Size [Value ($ Million) from 2015 to 2026]:
Up To 8 GB
16 GB
32 GB and above
By Vehicle Type [Value ($ Million) from 2015 to 2026]:
Passenger Cars
Commercial Vehicles
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.