The global automotive e-horizon
market is anticipated to register growth at an impressive CAGR in the forecast
period, 2023-2027. E-Horizon refers to the cloud-based data management service
that offers a variety of use-cases to increase the safety, eco-efficiency of
the vehicle along with improving the riding pleasure. E-Horizon systems include
predictive powertrain control for maximizing the fuel efficiency, adaptive
lighting, object recognition, adaptive cruise control, and lane assistance. As
a result, electronic horizon system is gaining wide traction across the world
by the vehicle manufacturers for making the driving experience safer and fuel-efficient.
Increasing Incidences of Road
Accidents Boost E-Horizon System Adoption
The rising cases of road
accidents across the world is driving the demand for e-horizon systems. According
to a report by the WHO, road accidents are one of the primary problems as
crashes kill more than 1.25 million people and severely injure nearly 50
million people a year. 90% of such casualties occur in developing nations. The
automotive e-horizon system helps in predicting the future events by
aggregating and delivering both continental as well as third party map content and
providing the data on road surface condition. Moreover, automotive e-horizon
provides updated information on weather-related content, weather-related road
hazards, and speed limits. As a result, these systems are increasingly being
employed by the vehicle manufacturers across the globe.
Growing
Need to Curb Vehicle Emissions to Increase e-Horizon Adoption
E-horizon optimizes performance
and safety in both passenger and commercial vehicles by providing real time
data related to traffic conditions. Therefore, drivers are able to save fuel even
in the slow-moving traffic. Moreover, the introduction of advanced e-horizon
system by the leading companies is also supporting the market growth. For
instance, Continental AG has launched advanced e-Horizon that uses detailed
topographic route data and GPS signal to send information about the condition
of the road ahead to the control units in the vehicles. Thereafter, the control
units automatically adjust the vehicle’s speed and driving style. Vehicles with
Continental’s static e-Horizon are able to save nearly 1.5 billion liters of
diesel, equivalent to more than 4 million metric tons of carbon dioxide. As a
result, they are extensively supported and promoted by the governments of
several nations as well, which is propelling the growth of global e-horizon
market.
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Market Segmentation
The
global automotive e-horizon market is segmented by ICE vehicles (excluding
autonomous), electric vehicles (excluding autonomous), autonomous vehicles, competitive
landscape, and regional distribution.
The market analysis also studies the regional segmentation, divided among North
America, Europe, Asia Pacific, Middle east and Africa, South America. The
United States is anticipated to hold a significant market share in the coming
years due to the presence of top market leaders along with the rising concerns
towards the increasing greenhouse emissions in the region.
Company Profile
Continental AG, Robert Bosch
GmbH, HERE are the leading market players contributing to the growth of global automotive
e-horizon market.
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Attribute
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Details
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Volume in units and CAGR for 2022-2027
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Report coverage
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Volume forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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·
ICE Vehicles
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Electric Vehicles
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Autonomous Vehicles
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Regional scope
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North America, Europe, Asia-Pacific, Rest of the World
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Key companies profiled
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Continental AG, Robert Bosch GmbH, HERE
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Customization scope
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10% free report customization with purchase. Addition or alteration
to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, global automotive
e-horizon market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
- Automotive E-Horizon Market, By ICE
Vehicles
- Automotive E-Horizon Market, By
Electric Vehicles
- Automotive E-Horizon Market, By Autonomous
- Automotive E-Horizon Market, By
Region:
o North America
o Europe
o Asia Pacific
o Rest of the world
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in global automotive e-horizon market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
Global Automotive E-Horizon Market is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]