Automotive E-Horizon Market Anticipated to Register an Impressive Growth Through 2027
Enhanced focus of auto manufacturers on reducing car
accidents with innovative systems and enhance fuel-efficiency is expected to
drive the global market for automotive e-horizon over the forecast period.
According to TechSci report on, “Automotive E-Horizon Market
- Global Industry Size, Share, Trends, Opportunity,
and Forecast, 2017-2027”,
the
global automotive e-horizon market is anticipated to witness robust CAGR over
the forecast period 2023-2027. Rapidly expanding automotive industry is fueling
the growth of the automotive e-horizon content and services across the globe.
Moreover, with the growing purchasing power of consumers, the sales of all
vehicle types, i.e., electric, ICE and autonomous, have proliferated over the
recent years. This has eventually increased the adoption of automotive
e-horizon by several automakers. Furthermore, the rising incidences of road
accidents have pushed the product demand as the e-horizon system helps in
predicting the future hazard, if any, by analysing the road surface and weather
conditions. The United States is one of the busiest countries in term of road
traffics, with approximately 284 million vehicles on the road as of the third
quarter of 2020. The road-related severe injuries recorded in June 2019 were
nearly 2.74 million in USA. As a result, the top automobile manufacturers are
increasingly incorporating e-horizon systems to curb the incidences of road
accidents. Besides, the rising level of carbon and greenhouse emissions from
vehicles is acting as an alarming concern for the environment. Moreover, the
growing scarcity of fuel is also increasing the dependence on the e-horizon
system as it helps in saving fuel by consuming less fuel through predictive
driving based on up-to-the-minute data for the route ahead. In addition, this
system facilitates longer ranges for hybrid and electric vehicles by optimizing
the energy management system. As a result, the global market for automated
e-horizon holds a huge potential and is anticipated to grow at a rapid pace in
the coming years.
Browse over XX market data Figures
spread through 110 Pages and an
in-depth TOC on "Global Automotive E-Horizon Market"
The global automotive e-horizon market is
segmented by ICE vehicles (excluding autonomous), electric vehicles (excluding
autonomous), autonomous vehicles, competitive landscape, and regional
distribution.
ICE vehicles are anticipated to hold a
significant market share in the coming years. This is primarily due to the growing
presence of ICE vehicles on the road, compared to electric and autonomous
vehicles. Rising concerns towards the rising number of road accidents are also
proliferating the adoption of automotive e-horizon systems. Moreover, the
increasing greenhouse and carbon emissions from the ICE vehicles are adding to
the demand for automotive e-horizon systems. This system optimizes the
performance of the vehicle by providing the correct route with real-time data
related to traffic and weather conditions, thereby saving time and fuel and
resulting in less greenhouse gas emissions.
The integration of e-horizon in autonomous
vehicles will work as leverage in increasing trust and reliability in automated
car systems. This software helps in building trust by directing the car what
lies ahead of the road so that the autonomous car can drive better on its own.
By combining e-horizon content and services, vehicle manufacturers can deploy a
complete and future-proof location solution for the car.
A
list of major market players of the global automotive e-horizon market includes:
- Continental AG
- Robert Bosch GmbH
- HERE
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“The
global automotive e-horizon market is consolidated between the three top
leading companies, Continental AG, Robert Bosch GmbH, and HERE. The
technological advancements by these companies and the introduction of advanced
e-horizon content and services are expected to support the market growth. For
instance, the introduction of Electronic Horizon by HERE creates a simple
representation of the route ahead – with a range of a few hundred meters to
several kilometers. Then, it transmits the information of that route to the
vehicle’s advanced driver assistance systems (ADAS), which optimizes the
performance of the engine and enhances the safety of the passenger and the
vehicle by accurately predicting the upcoming events. Moreover, the increasing
support by the government for an optimized driving style that would help in
minimizing the vehicle’s fuel consumption and environmental footprint is
further expected to boost the market growth.,” said Mr. Karan Chechi, Research
Director, TechSci Research, a research based global management consulting firm.
“Automotive E-Horizon Market –
Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027
Segmented By ICE Vehicles
(Excluding Autonomous), Electric Vehicles (Excluding Autonomous), Autonomous
Vehicles and By Region” has evaluated the future growth potential of global automotive
e-horizon market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in global automotive e-horizon
market.
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