Global In-vehicle Computer System Market to expand at 11.6% CAGR through 2026

June 15, 2020

According to the research report titled ‘Global In-vehicle Computer System Market Size study, by Application (Safety Computers, Performance computers, Convenience Computers and diagnostics computers), by Memory Size (Up to 8 GB, 16 GB and 32 GB and Above) by Offering (Hardware and Software), by Vehicle type (Passenger car and Commercial vehicle) and Regional Forecasts 2019-2026’, available with Market Study Report LLC, global in-vehicle computer system market was valued at USD 453.65 million in the year 2018 and is predicted to expand with a CAGR of 11.6% between 2019 and 2026.

For the record, the primary function of in-vehicle computer system is to conduct operation such as law enforcement compliance, taxi dispatch, video surveillance, telematics, fleet management and infotainment among others. It also offers advanced traffic systems, job dispatch, asset management and fuel saving solutions.

Increasing production of passenger cars and commercial vehicles is a major factor fueling growth of global in-vehicle computer system industry. As per OICA (International Organization of Motor Vehicle Manufacturer), around 72.10 million passenger vehicles were produced in 2016, further crossing 73.45 million units in the year 2017. Alternatively, the production of commercial vehicles, including both heavy duty and lightweight vehicles, registered 22.87 million units in 2016 and grew to 23.84 million units in the year 2017.

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Rising preference for IoT-based transportation systems is also creating significant growth opportunities for the overall market. However, complexities associated with vehicle electronics and rising threat of alternatives such as compact handheld devices and smartphones may inhibit the expansion of in-vehicle computer system industry.

Elaborating on the application spectrum, worldwide in-vehicle computer system industry is split into diagnostics computers, convenience computers, performance computers and safety computers. As per memory size, the industry is divided 32GB and above, 16 GB and up to 8 GB. In terms of offering type, in-vehicle computer system market is bifurcated into software and hardware. Citing the vehicle type, the market is categorized into commercial vehicle and passenger car.

Considering the geographical landscape, North America in-vehicle computer system industry is predicted to expand significantly during the study period, primarily due to high concentration of market majors in the region.

Meanwhile, Asia-Pacific market is poised to accumulate lucrative revenues in the forthcoming years, cites the report. Increasing production of automobiles is favoring the market scenario in Asia-Pacific.

SD-Omega, JLT Mobile Computers, IEI Integration Corp., Premio Inc., Acrosser, Sintrones Technology Corp., Ibase Technology Inc., Axiomtek, Lanner Electronics Inc. and S&T AG (Kontron) are the major companies formulating the competitive landscape of global in-vehicle computer system market.

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