PUBLISHER: The Business Research Company | PRODUCT CODE: 1849421
PUBLISHER: The Business Research Company | PRODUCT CODE: 1849421
A vehicle intelligence system utilizing remote sensing devices (RSD) employs sensors to gather and analyze data concerning vehicle emissions and performance. Its fundamental objective is to augment vehicle safety and driving assistance through the integration of remote sensing technologies, data analytics, and intelligent automation functionalities, thereby enhancing overall road safety for drivers, passengers, and pedestrians.
Key components within the market for remote sensing device (RSD) vehicle intelligence systems include sensors, analog integrated circuits (ICs), processors, and memory. Sensors detect and measure physical properties such as speed, distance, temperature, or pressure. The system supports various advanced driver assistance and monitoring functionalities such as adaptive cruise control (ACC), blind-spot detection systems, park assist systems, traffic jam assist systems, drowsiness monitoring or alertness sensing systems, across a wide array of vehicles including passenger cars and commercial vehicles.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
The sharp rise in U.S. tariffs and the ensuing trade tensions in spring 2025 are having a significant impact on the information technology sector, especially in hardware manufacturing, data infrastructure, and software deployment. Increased duties on imported semiconductors, circuit boards, and networking equipment have driven up production and operating costs for tech companies, cloud service providers, and data centers. Firms that depend on globally sourced components for laptops, servers, and consumer electronics are grappling with extended lead times and mounting pricing pressures. At the same time, tariffs on specialized software and retaliatory actions by key international markets have disrupted global IT supply chains and dampened foreign demand for U.S.-made technologies. In response, the sector is ramping up investments in domestic chip production, broadening its supplier network, and leveraging AI-powered automation to improve resilience and manage costs more effectively.
The remote sensing device (RSD) vehicle intelligence system market research report is one of a series of new reports from The Business Research Company that provides remote sensing device (RSD) vehicle intelligence system market statistics, including the remote sensing device (RSD) vehicle intelligence system industry global market size, regional shares, competitors with remote sensing device (RSD) vehicle intelligence system market share, detailed remote sensing device (RSD) vehicle intelligence system market segments, market trends, and opportunities, and any further data you may need to thrive in the remote sensing device (RSD) vehicle intelligence system industry. These remote sensing device (RSD) vehicle intelligence system market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The remote sensing device (rsd) vehicle intelligence system market size has grown rapidly in recent years. It will grow from $2.38 billion in 2024 to $2.64 billion in 2025 at a compound annual growth rate (CAGR) of 10.9%. The growth in the historic period can be attributed to rising demand for advanced driver-assistance systems, growing trend of connected vehicles, increasing emphasis on autonomous driving, proliferation of internet of things (IoT) technology, and rising vehicle production.
The remote sensing device (rsd) vehicle intelligence system market size is expected to see rapid growth in the next few years. It will grow to $3.95 billion in 2029 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to increasing awareness regarding vehicle safety in developing countries, the growing number of commercial fleets all around the globe, increasing demand for vehicle safety and advanced driver assistance systems, growing need for real-time vehicle emissions monitoring, and increasing awareness regarding stringent safety regulations. Major trends in the forecast period include advancement in artificial intelligence (AI), trends of autonomous cars, technological advancements, increasing investment in R&D by automotive OEMs, and increasing use of RSD systems for traffic management and smart city applications.
The forecast of 10.6% growth over the next five years reflects a modest reduction of 0.8% from the previous estimate for this market. This reduction is primarily due to the impact of tariffs between the US and other countries. The cost of deploying vehicle-based RSD systems may rise due to tariffs on specialized LiDAR units, radar sensors, and onboard processing hardware often imported from Asia. The effect will also be felt more widely due to reciprocal tariffs and the negative effect on the global economy and trade due to increased trade tensions and restrictions.
The increasing adoption of autonomous vehicles is expected to drive the growth of the remote sensing device (RSD) vehicle intelligence system market in the future. Autonomous vehicles, which are equipped with sensors and software to navigate and perceive their environment without human intervention, aim to enhance safety, efficiency, and mobility. Advances in artificial intelligence (AI) and machine learning have significantly bolstered the capabilities of autonomous driving systems, making them more dependable and effective. RSD systems utilize sensors such as LiDAR, radar, and cameras to generate detailed, up-to-date maps of the vehicle's surroundings. Autonomous vehicles are adept at accurately detecting objects, obstacles, and other vehicles. For example, according to the National Association of Insurance Commissioners, sales of autonomous vehicles in the U.S. are projected to reach 4.5 million units by 2025, up from just 0.1 million units in 2021. Hence, the increasing adoption of autonomous vehicles is a key driver for the growth of the remote sensing device (RSD) vehicle intelligence system market.
Major companies in the remote sensing device (RSD) vehicle intelligence system market are increasingly implementing intelligent parking solutions to enhance urban mobility and optimize parking efficiency. Intelligent parking solutions encompass advanced systems and technologies aimed at improving the discovery, reservation, and management of parking spaces. For example, in August 2022, WM Motor Technology Co. Ltd., a Chinese automotive technology company, introduced its 3.0 smart parking technology. This service integrates intelligence from vehicle, field, and mobile platforms along with relevant big data to offer consumers a comprehensive smart parking experience. It provides real-time updates on parking lot occupancy and pricing through the WM Motor app, as well as features such as pre-departure parking information, intelligent route planning, interior navigation, automated parking, and sensorless payment.
In December 2022, Aptiv PLC, an Ireland-based automotive company, acquired Wind River for $3.5 billion. This acquisition allows Aptiv to strengthen its position in the software-defined vehicle sector by integrating Wind River's cloud-native software platform with Aptiv's Smart Vehicle Architecture(TM). The integration aims to help customers better manage mission-critical applications, streamline vehicle lifecycle management, and unlock new business models in the rapidly changing automotive industry. Wind River, a US-based software-as-a-service (SaaS) company, provides software for mission-critical intelligent systems and vehicle intelligence systems involving remote sensing devices.
Major companies operating in the remote sensing device (RSD) vehicle intelligence system market are Robert Bosch GmbH, Hitachi Ltd., Denso Corporation, ZF Friedrichshafen AG, Continental AG, Hyundai Mobis, Magna International Inc., Mitsubishi Electric Corporation, Aisin Seiki, Nvidia Corporation, Valeo S.A, Texas Instruments Incorporated, Aptiv PLC, Infineon Technologies AG, NXP Semiconductors N.V., BorgWarner Inc., Analog Devices Inc., Renesas Electronics Corporation, Autoliv Inc., Microchip Technology Inc., Xilinx Inc., Veoneer Inc., Mobileye Global Inc., Melexis NV, Wabco Holdings Inc.
Europe was the largest region in the remote sensing device (RSD) vehicle intelligence systems market in 2024. The regions covered in the remote sensing device (RSD) vehicle intelligence system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the remote sensing device (RSD) vehicle intelligence system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The remote sensing device (RSD) vehicle intelligence system market includes revenues earned by entities by providing services such as installation and calibration, data collection and processing, software integration, maintenance and support. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The remote sensing device (RSD) vehicle intelligence system market consists of sales of cameras, radar sensors, lidar sensors, and ultrasonic sensors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Remote Sensing Device (RSD) Vehicle Intelligence System Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on remote sensing device (rsd) vehicle intelligence system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for remote sensing device (rsd) vehicle intelligence system ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The remote sensing device (rsd) vehicle intelligence system market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.