Jun 14, 2023   SOURCE: BusinessWire

Global Smart Vehicle Cabins Market Report 2023: Increased Awareness of Vehicle Safety Drives Growth - ResearchAndMarkets.com

The "Smart Vehicle Cabins Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2023 to 2031" report has been added to ResearchAndMarkets.com's offering.

The smart vehicle cabins market is expected to grow at a CAGR of 9.5% during the forecast period of 2023 to 2031.

Companies Mentioned

  • HARMAN International
  • Analog Devices Inc
  • BlackBerry Limited
  • HYUNDAI MOBIS
  • Panasonic Corporation
  • SenseTime
  • Texas Instruments Incorporated
  • Valeo
  • Jungo
  • Xilinx
  • Xperi Corporation
  • Yanfeng Automotive Interiors
  • Gener

Smart vehicle cabin system comprises In-Cabin Monitoring System (ICMS) or multiple sub-systems, including Driver Monitoring System (DMS) and Occupant Monitoring System (OMS). These subsystems may be independent systems with their own sensors and processing units, or they may have a centralized processing unit.

The interiors of automobiles have undergone significant change over the past few years. In terms of safety, comfort, and enjoyment, they now provide a superior experience. Modern vehicle interiors with smart surfaces, multi-modal inputs, wireless connectivity, and multiple functionalities are referred to as smart cabins or intelligent cabins.

Displays, HVAC, speakers, lighting, and sensors are the primary cabin components of smart vehicles. Shortly, an increase in demand for connected, autonomous, and intelligent vehicle technologies is anticipated to boost the global smart vehicle cabin market. The primary functions of the intelligent vehicle cabin are fleet management, driver or passenger monitoring, and vehicle tracking. Increased awareness of vehicle safety is contributing to market growth.

Increase in Demand for Vehicles of the Next Generation

Customers are more likely to purchase automobiles with sophisticated safety features. As a result, the global demand for vehicles of the next generation is increasing. There are numerous advantages to AI-powered cabins, including improved driver experience and safety, as well as intelligent in-car support.

OEMs are incorporating cutting-edge technologies into their vehicles to enhance the driving and passenger experiences. MBUX Interior Assistant by Daimler AG employs an artificial intelligence-based gesture input system to improve the interaction between vehicle occupants and the vehicle. This combination of advanced technologies and rising demand for next-generation vehicles is anticipated to increase the global smart vehicle cabin market share over the forecast period.

Increased Awareness of Vehicle Safety

Globally, the number of motorized vehicles is rising steadily. An increase in the purchasing power of consumers, a rise in the production of vehicles, and a rise in transportation as a result of rapid urbanization and industrialization in developing nations are major contributors to the rise in the number of on-road vehicles.

Multiple governments are implementing road safety measures to reduce traffic congestion and the number of road accidents. In the coming years, an increase in vehicle safety awareness is likely to increase the demand for efficient smart cabin systems in vehicles.

Demand Growth for Intelligent Cabin Systems in Passenger Vehicles

Based on vehicle type, the passenger vehicle segment is projected to lead the global market for smart vehicle cabins during the forecast period. The global demand for passenger vehicles, such as hatchbacks, sedans, and utility vehicles, is rising steadily. The incorporation of intelligent cabins in passenger vehicles is a current trend among automakers. The passenger vehicle segment is primarily driven by the global increase in passenger vehicle production and the increase in disposable income of the population.

North America Remains as the Global Leader

According to the report on the global market analysis for smart vehicle cabins, North America dominated the global market in 2022. It is anticipated that the region will maintain its preeminence throughout the forecast period. This can be attributed to Daimler AG, BMW AG, and Tesla's ongoing development of next-generation vehicles with smart cabin technology in the region.

Market Segmentation

Application

  • Cabin Conditioning
  • In-cabin Monitoring
  • Infotainment
  • Wireless Connectivity
  • Haptic HMI
  • Others

Component/System

  • Display
  • HVAC
  • Speaker
  • Lighting
  • Sensor
  • Others

Vehicle Type

  • Passenger Vehicle
  • Hatchback
  • Sedan
  • Utility Vehicle
  • Light Commercial Vehicle
  • Heavy-duty Truck
  • Bus & Coach

Propulsion

  • ICE Vehicle
  • Gasoline Vehicle
  • Diesel Vehicle
  • Electric Vehicle
  • Battery Electric Vehicle (BEV)
  • Hybrid Electric Vehicle (HEV)
  • Plug-in Hybrid Electric Vehicle (PHEV)

Sales Channel

  • OEM
  • After Market

Key questions answered in this report

  • What are the key micro and macro environmental factors that are impacting the growth of Smart Vehicle Cabins market?
  • What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
  • Estimated forecast and market projections up to 2031.
  • Which segment accounts for the fastest CAGR during the forecast period?
  • Which market segment holds a larger market share and why?
  • Are low and middle-income economies investing in the Smart Vehicle Cabins market?
  • Which is the largest regional market for Smart Vehicle Cabins market?
  • What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
  • Which are the key trends driving Smart Vehicle Cabins market growth?
  • Who are the key competitors and what are their key strategies to enhance their market presence in the Smart Vehicle Cabins market worldwide?

For more information about this report visit https://www.researchandmarkets.com/r/iisptb

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