About Intelligent Vehicle AR/VR
Intelligent vehicle AR/VR helps in the designing and assembling of the vehicles pats and set its special features, the AR/VR provides the training and allow car brands to set the process of training for increased effectivity and productivity. This technology helps in increasing road safety, intuitive operation for the driving and also it improves the driving experience. The 3D navigational functions help in the moving obstacles like unmanaged road, vulnerable road users to provide safety with its automation.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 23.2% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new product launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Apple Inc. (United States), CyberGlove Systems LLC (United States), Microsoft Corporation (United States), Samsung Corporation (South Korea), Siemens AG (Germany), Vuzix (United States), EON Reality, Inc. (United States) and Qualcomm Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Tesla, Inc. (United States), Huawei Technologies Co., Ltd. (China), DAQRI (United States) and Oculus (United States).
Segmentation Overview
AMA Research has segmented the market of Global Intelligent Vehicle AR/VR market by Type (Electronic, Electromechanical and Electromagnetic Devices), Application (Research & Development, Manufacturing & Supply, Marketing & Sales, Aftersales and Support Functions) and Region.
On the basis of geography, the market of Intelligent Vehicle AR/VR has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Components, the sub-segment i.e. Hardware will boost the Intelligent Vehicle AR/VR market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Vehicle, the sub-segment i.e. Passenger Vehicle will boost the Intelligent Vehicle AR/VR market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The popularity of Connectivity Technology Advancement in Intelligent Vehicle AR/VR
Market Growth Drivers:
Demand for the Intelligent Vehicle which can Provide Better Service with Productivity on the Road and Growing Demand for Intelligent Vehicle Around the World for Special Features
Challenges:
Stiff Competition in the Intelligent Vehicle AR/VR and Stringent Regulatory Guidelines on Intelligent Vehicle AR/VR
Restraints:
High Cost Associated with the Intelligent Vehicle AR/VR
Opportunities:
Surging Demand for the Intelligent Vehicle AR/VR from Developing Countries and Growing Spending and Production of Intelligent Vehicle
Market Leaders and their expansionary development strategies
In November 2023, PTC acquires Onshape, This acquisition by PTC, a leading provider of CAD and PLM software, aimed to strengthen their offerings in the connected worker and AR/VR space for manufacturing, including applications relevant to intelligent vehicles.
In August 2022, Holoride launches 'Backseat', This in-vehicle entertainment system by Holoride leverages VR technology to create immersive experiences tailored to the movement of the car.
Key Target Audience
Intelligent Vehicle AR/VR Developers, Intelligent Vehicle AR/VR Industry Association, Research and Development Institutes, Regulatory Bodies, Potential Investors and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.