The global in-vehicle computer system market is projected to grow from USD 565 million in 2020 to USD 980 million by 2025, at a CAGR of 11.6%. Growing consumer demand for vehicle telematics and camera-based surveillance systems would drive the market for in-vehicle computer systems.
The commercial vehicle segment is expected to be the largest in-vehicle computer system market during the forecast period
The commercial vehicle segment is still dominated by ICEs. However, the demand for sustainable transportation has impacted ICE adoption in recent years. In addition, governments have also raised the standard of emission control tests due to increasing pollution levels. Thus, the demand for regular periodic maintenance has become a standard for commercial vehicles. In addition, the availability of faster communication networks has helped fleet operators introduce connected commercial vehicles for optimized fleet management. The introduction of new-age connectivity services is expected to be a boon for commercial vehicles. Services such as accurate traffic data, weather forecasts, real-time GPS, and predictive maintenance alerts have already contributed to more profitable fleet operations. The increasing demand for efficient, connected commercial vehicles would drive the market for in-vehicle computer systems.
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Safety computers will have a major share in the in-vehicle computer system market during the forecast period
Governments of several countries have mandated safety features in upcoming vehicles to minimize incidents of overspeeding and fatal accidents. For example, India has proposed a mandate to incorporate advanced safety features, including electronic stability control (ESC) and autonomous emergency braking (AEB), in new vehicles between 2022 and 2023. The authority has also stressed that advanced safety features are required in all vehicles in India and cannot be confined to luxury vehicles only. In Europe, the new eCall system has been mandated since April 2018. This system dials an emergency number and communicates the vehicle’s location in the event of serious road accidents. According to the European Commission, it can reduce emergency response time by 40% in urban areas. All these mandates will seriously impact vehicle safety in the coming years. OEM initiatives to implement these features early would create the demand for in-vehicle computer systems.
The North American in-vehicle computer system market is expected to hold the largest share during the forecast period.
North America is expected to be the largest market for in-vehicle computer systems during the forecast period. The emergence of autonomous driving in the US would play a major role. High Performance Embedded Computing (HPEC) platforms are high-margin products compared to in-vehicle computer systems deployed in fleet management or passenger information systems. Increasing demand for such systems in the US would impact the market North American market positively. In addition, emergency response vehicles such as fire trucks and rescue vehicles could directly stream scenarios for additional instructions and communicate with the central hub for guidance in case of national disasters because lawmakers are investing in superior disaster and rescue management solutions to reduce casualties.
Key Market Players
The global in-vehicle computer system market is dominated by major players such as S&T AG (Kontron) (Germany), Lanner Electronics Inc. (Taiwan), Axiomtek (Taiwan), NEXCOM International (Taiwan), and IBASE Technology Inc. (Taiwan). These companies have secure distribution networks at a global level.
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