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The in-vehicle computer systems are designed to perform multiple in-vehicle functions. Some of these functions include infotainment, fleet management, telematics, video surveillance, and taxi dispatch and law enforcement. Increase in connectivity services and advanced safety features would lead to the growth of the in-vehicle computer market. 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. Thus, these advancements lead to the growth of the in-vehicle computer system market in the near future.
Covid-19 Scenario Analysis
The significant factors impacting the growth of in-vehicle computer system market are increasing need of safety features and adoption of Internet of Things enabled smart transportation. However, data security issues and high maintenance cost hinder the growth of the in-vehicle computer system market. On the other hand, growing initiatives regarding smart public transit, prevalence of advanced services such as predictive vehicle maintenance and usage of insurance which will bring ample opportunities that will lead to the growth of 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 over speeding and fatal accidents. This system dials an emergency number and communicates the vehicle location in the event of serious road accidents. These mandates will have a serious impact on vehicle safety in near future.
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.
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