The TechSci report, “Automotive E-Horizon Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2017-2027”, predicts a strong CAGR for the global automotive e-horizon market from 2023 to 2027. The growth is driven by the booming automotive industry, which has increased the demand for e-horizon content and services worldwide. Moreover, consumers have more purchasing power and buy more vehicles of all types, such as electric, ICE and autonomous. This has led to more automakers adopting e-horizon systems. Furthermore, e-horizon systems can help prevent road accidents by forecasting future hazards based on road and weather conditions. This is especially important in the United States, where there are about 284 million vehicles on the road as of Q3 2020 and nearly 2.74 million road-related severe injuries in June 2019. Therefore, many leading automobile manufacturers are integrating e-horizon systems into their vehicles. Besides, e-horizon systems can also help reduce environmental impact and fuel consumption by enabling predictive driving based on real-time data for the route ahead. This also improves the energy efficiency and range of hybrid and electric vehicles. As a result, the global automated e-horizon market has a huge potential and is expected to grow rapidly in the near future.
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The global automotive e-horizon market is divided into ICE vehicles (excluding autonomous), electric vehicles (excluding autonomous), autonomous vehicles, competitive landscape, and regional distribution segments.
ICE vehicles are expected to have a significant market share in the future. This is mainly because of the high number of ICE vehicles on the road, compared to electric and autonomous vehicles. Increasing awareness of the high rate of road accidents is also boosting the use of automotive e-horizon systems. Furthermore, the growing greenhouse and carbon emissions from the ICE vehicles are creating a need for automotive e-horizon systems. This system improves the performance of the vehicle by providing the optimal route with real-time data on traffic and weather conditions, thus saving time and fuel and reducing greenhouse gas emissions.
The incorporation of e-horizon in autonomous vehicles will enhance trust and reliability in automated car systems. This software helps in building trust by informing the car what is 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 comprehensive and future-ready 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.
Table Of Content –
- Product Overview
- Research Methodology
- Executive Summary
- Ongoing Research on Automotive E-Horizon
- Patents Filed by Companies on Automotive E-Horizon
- GlobalAutomotive E-Horizon Market Potential, 2022-2030
6.1. Market Size & Forecast
6.1.1. By Volume
6.2. Market Size and Forecast
6.2.1. ICE Vehicles (Excluding Autonomous)
6.2.2. Electric Vehicles (Excluding Autonomous)
6.2.3. Autonomous Vehicles
6.3. Regional Market Share and Forecast
6.3.1. North America
6.3.2. Europe
6.3.3. Asia-Pacific
6.3.4. Rest of the World
- Market Dynamics
7.1. Drivers
7.2. Challenges
- Market Trends and Developments
- Other Technological Solutions for Automotive E-Horizon
- Policy & Regulatory Landscape (Major Countries)
- Companies Involved in Automotive E-Horizon
11.1. Company Profiles (Including SWOT)
11.1.1. Continental AG
11.1.2. Robert Bosch GmbH
11.1.3. HERE
11.1.4. Telenav Inc.
11.1.5. Elektrobitx
- Future of Automotive E-Horizon– Qualitative Insights
12.1. ICE Vehicles
12.2. Electric Vehicles
12.3. Autonomous Vehicles
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