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Vehicle-Mount Computer Market is analysed to grow at a CAGR of 12.3% during the forecast 2021-2026 to reach $5.82 billion by 2026. Vehicle-mount computers are typically the in-built system of wide range of vehicles that are designed to offer supreme safety, performance, diagnostic and entertainment to the users. Vehicle- mount computers play a leading role in the warehouse management facility. In Logistic sector, downtime at any point in the supply chain management is a major problem. Operators need to keep product moving to meet demand. Vehicle-mount computers are designed to eliminate lag time in data entry and to keep workers connected throughout the operation, offering high efficient inventory management solution. Vehicle-mount computers has in-built CAN bus protocol which is a peer-to-peer (P2P) network in which each individual node can freely read and write data on the network in manufacturing facilities’ premises. This in-premises connecting feature tends to uplift the vehicle-mount computer market size, especially in logistic sector. Moreover, increasing safety concerns of commercial vehicles and rising demand of entertainment systems is anticipated to create huge impact in the market growth of vehicle-mount computer industry during the forecast period.
Vehicle-Mount Computer Market Segment Analysis – By Vehicle Type
By Vehicle Type, the Vehicle-Mount Computer Market Report is segmented into Commercial vehicles, Passenger Vehicles, Hybrid vehicles and others. Commercial vehicles are analysed to hold highest share 36.17% in 2020 owing to its huge production across the globe. For instance, according to International Organization of Motor Vehicle Manufacturers (OICA), the total production of vehicles across the globe in the first quarter of 2021 was recorded to grow by 16.9% as compared to 2020. This huge variation in the production of vehicles further boosts the demand of vehicle-mount computers during the forecast period. Moreover, increasing demand for sustainable transportation across commercial vehicles has impacted the vehicle-mount computer market growth in positive direction. In addition, governments have also raised the standard of emission control tests due to increasing pollution levels. 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 which will further drive the vehicle-mount computer market growth during the forecast period.
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Vehicle-Mount Computer Market Segment Analysis–By Application
By Application, the Vehicle-Mount Computer Market Report is segmented into Safety, Performance, Convenience, Diagnostic, Entertainment and Others. Safety segment is analysed to hold the highest share of 28.67% during the forecast period 2021-2026 owing to the rise in government regulations and increasing safety concerns across various parts of the world. Governments of several countries have mandated safety features in upcoming vehicles to minimize incidents of overspeeding and fatal accidents. For instance, India has proposed a regulation to incorporate advanced safety features, including electronic stability control (ESC) and autonomous emergency braking (AEB), in new vehicles between 2022 and 2023. With the advancement in technologies, these safety standards are controlled with the help of vehicle-mount computers. These safety features is analysed to bring significant growth in the demand of vehicle-mount computers, further driving its market growth.
Vehicle-Mount Computer Market Segment Analysis – By Geography
Asia-Pacific is analysed to be the major region with a share of 35% in 2020 for the Vehicle-Mount Computer Market owing to the largest production and sales of vehicles in this region. According to International Organization of Motor Vehicle Manufacturers (OICA), Asia-Pacific region holds the first position in total vehicle production across the globe. For instance, Asia-Pacific accounts for 56% of global production of vehicles in the first quarter of 2021. Moreover, it is analysed that the demand of vehicle will grow during the forecast period. This increasing production of commercial vehicle will bring significant growth in the demand of vehicle-mount computers for various safeties, performance and entertainment applications further driving its market growth during the forecast period. Moreover, increasing safety regulation by government of countries such as China, India is expected to further drive the installation of computers for vehicle diagnostic application which is analysed to create a huge impact in the market growth. With the ongoing infrastructure developments and urbanization of highly populated countries such as China, India, Japan and Others, the automobile sector has been gaining popularity in the last few years. This tends to further drive the market growth of vehicle-mount computer in this region.
Vehicle-Mount Computer Market Drivers
Increasing sales and production of vehicles is driving the demand of vehicle-mount computer
Increasing production and sales of different passenger vehicles and commercial vehicles across the globe has brought a significant growth in the Vehicle-Mount Computer Market. Nowadays, vehicle-mount computers are one of the most prior accessories for a wide range of commercial vehicles as it offers various safety, performance and entertainment applications. Automotive manufacturers across the various parts of the globe have been installing in-built computer systems of different display sizes which run through different operating system, typically, Windows and Android according to the user demand and application. This tends to bring huge impact in the market growth of vehicle-mount computer during the forecast period. According to International Organization of Motor Vehicle Manufacturers (OICA), the total production of vehicles across the globe in the first quarter of 2021 was recorded to grow by 16.9% as compared to 2020. Among this, commercial vehicles hold the major segment by accounting of 14,679,441 unit’s production in the first quarter of 2021 with a growth of 15.9% as compared to 2020. This huge production growth is analysed to grow during the forecast period which tends to uplift the demand of vehicle-mount computer further driving its growth in the global market.
Rising safety concerns and government regulations is propelling the Vehicle-Mount Computer Market growth
Rising safety concerns of the passengers is driving the Vehicle-Mount Computer Market growth. The consistent rise in vehicle production has brought huge traffic in various parts of the world. In regions with high population densities, the traffic is bound to remain high. Huge traffic growth further increases the risk of accidents. This creates a huge impact in rising safety standards of automobiles which boosts the adoption of high-efficient vehicle-mount computers for safety and vehicle diagnostic applications. For instance, India has proposed a regulation to incorporate advanced safety features, including electronic stability control (ESC) and autonomous emergency braking (AEB), in new vehicles between 2022 and 2023. This regulation will propel the demand of vehicle-mount computers to enhance vehicle performance and safety standards. Moreover, increasing connectivity services and advanced safety features would be major drivers for the Vehicle-mount computer market.
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Vehicle-Mount Computer Market Challenges
High installation cost and availability of substitutes is analysed to hamper the Vehicle-Mount Computer Market growth
One of the most important factors restraining the market growth of Vehicle-mount computer in the global market is its high installation cost. With the advancement in technologies, vehicle-mount computers are not only used for entertainment application, but are now being incorporated in vehicles to enhance passenger safety and vehicle performance. This increasing installation of features further uplift the overall cost of the vehicle-mount computers which tend to restrain its market growth across various parts of the world. Moreover, the availability of substitutes of in-built computers such as tablets, Panel PC and other systems is analysed to bring major challenges for the adoption of vehicle-mount computers which tend to hinder its market growth in the global market.
Vehicle-Mount Computer Industry Outlook
Production Innovation, Acquisitions, Collaboration, and R&D activities are key strategies adopted by players in the Vehicle-Mount Computer Market. In 2020, the market of Vehicle-mount computer industry outlook has been fragmented by several companies. Global Vehicle-mount computer top 10 companies include
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Relevant Report Titles:
A. Connected Cars Market
B. Industrial PC Market
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