Global In-Vehicle Computer System Market: Growing inclination towards connected specialized vehicles and continuous technological advancements such as the implementation of IoT in transportation.

Published Date: 11/05/2021

The Global In-Vehicle Computer System Market is projected to grow from USD 565 million in 2020 to USD 1146 million by 2027, at a CAGR of 10.6 %. The in-vehicle computer system is a vehicle type of computer that is developed to endure inflexibilities of the vehicular environment while analysing, monitoring, and processing data by the use of several sensors and devices needed for Intelligent Transportation System (ITS) applications.

The major factors that are boosting the growth of the global in-vehicle computer system market include the inclination towards connected specialized vehicles and continuous technological advancements such as the implementation of IoT in transportation. In addition to this, the growing demand among consumers for camera-based surveillance systems & vehicle telematics, rising levels of automation, and the advanced safety features will further complement the growing demand of the market in the coming years. Moreover, several initiatives for the smart public transit, rising demand for the customized automotive solutions, and several services offered by the advanced telematics-based services like predictive vehicle and usage-based insurance will have a positive impact on the demand of the global in-vehicle computer system market. On the other end of the spectrum, the high installation and maintenance cost of these systems and the growing concern for data privacy will have a negative impact on the growing demand of the market.

This computer system has switches and sensors wired in to detect several variables, including steering angle, braking, roll of the vehicle, acceleration, and other parts. These systems are highly expandable, connectable and can also be easily integrated into IoT-based frameworks. The in-vehicle computer system is developed to remove the detrimental downtime and are highly suitable for local processing and inference analysis at the edge in real-time and perform several in-vehicle functions that include fleet management, taxi dispatch, infotainment, and others. The market is driven by preventive fleet maintenance solutions to optimize operational costs and reduce unexpected downtime. Periodic preventive maintenance would likely surge the demand for in-vehicle computer systems for diagnosis. Many countries have proposed mandates for tougher inspections to comply with the latest safety standards and wider testing scope to accommodate more tests as mandatory.

For instance, in May 2018, the EU commissioned a directive for periodic assessment of passenger cars, trucks, heavy-trailers, and motorcycles to determine the roadworthiness of such vehicles. It also intended to include tests for brake, steering, airbags, and suspension as mandatory. It can detect problems early, fixing which, the owner can avoid costly repairs and damages. Fleet managers rely on such tests to prevent uncertain breakdowns by scheduling prior checkups. Regular inspections can optimize fleet performance as well as increase profitability and reliability. North America is estimated to lead the in-vehicle computer system market due to its huge logistic fleets.

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).

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.