Computer On Wheels Market Research, 2033
The global computer on wheels market was valued at $1.9 billion in 2023, and is projected to reach $3.8 billion by 2033, growing at a CAGR of 7.3% from 2024 to 2033.
Market Introduction and Definition
The computer on wheels solution is a mobile computing workstation mounted on a movable cart. The solution offers flexible and composed computing solutions in different settings, specifically in the case of healthcare, education, manufacturing, and logistics. Computer on wheel solution offers safety features such as automatic emergency braking, lane-keeping assistance, adaptive cruise control, and parking assistance. The computer on wheels also offers autonomous driving, artificial intelligence, and machine learning features. In addition, the solution offers real-time data processing and predictive maintenance features.
Key Takeaways
The computer on wheels market study covers 20 countries. The research includes a segment analysis of each country in terms of value ($Billion) for the projected period 2024-2033.
More than 1, 500 product literature, industry releases, annual reports, and other such documents of the major computer on wheels industry participants along with authentic industry journals, trade association releases, and government websites have been reviewed for generating high-value industry insights.
The study integrated high-quality data, professional opinions, analysis, and critical independent perspectives. The research approach is intended to provide a balanced view of global markets and to assist stakeholders in making educated decisions to achieve their most ambitious growth objectives.
Key Strategies and Developments
In September 2023, Tesla Inc. launched new Tesla model 3. Tesla started selling the model in Europe and China. This new vehicle has many exterior and internal modifications that make it a huge advance version over the original version. The car model consists of a center touchscreen that is 17 inches and has brighter screen and high contrast. This strategic move will strengthen Tesla's positon in the computer on wheels market share.
In November 2022, Volvo Cars launched the Volvo EX90 SUV, in Stockholm. The SUV is powered by Nvidia's Drive Orin and Drive Xavier platforms. These advanced computing platforms enable the EX90 to handle complex AI computations required for autonomous driving and advanced driver-assistance systems (ADAS) . The artificial intelligence (AI) capabilities include features such as real-time traffic data processing, driver monitoring systems, and predictive maintenance alerts. This strategic move will enhance Volvo's positon in the computer on wheels market growth.
In May 2022, the software division of the Volkswagen Group, Cariad, collaborated with Qualcomm Technologies, Inc. for system-on-chips (SoCs) for its software platform, which enabled level 4 assistance and automated driving functionalities. The snapdragon RideTM Platform SoCs from Qualcomm Technologies played a significant role as hardware in Cariad's scalable and standardized compute platform. This strategic move will create growth for Volkswagen Group in the computer on wheels market opportunity.
In September 2023, Honda Motor Co. Ltd, launched an all-electric Honda Prologue SUV. The Prologue SUV, featured an anticipated EPA range of 300 miles, and is powered by advanced computing platforms and integrates Google built-in services, offering a tech-rich, user-friendly cabin experience with wireless apple carplay and android auto compatibility. This strategic move will enhance Honda Motor Co. Ltd. positon during the computer on wheels market forecast.
In January 2023, Advantech Co. Ltd. launched MIC 733-AO, a Nvidia Jetson AGX Orin based AI computing system. This system is designed for applications that integrate video, AI, and 5G. It supports multiple video inputs, including gigabit multimedia serial link (GMSL) , universla seral bus (USB) , and power over ethernet (PoE) , making it ideal for autonomous mobile robots (AMRs) and automated guided vehicles (AGVs) in industrial settings. The MIC-733-AO is built for harsh environments, capable of operating in temperatures ranging from -10 to 60 °C.
Key Market Dynamics
Progression in technology and change in consumer demand are two factors driving the growth of the computer-on-wheels market. Furthermore, data management issues and high development expenditure risk are two main factors restraining the growth of this market. Moreover, the rise in electric vehicles is a significant growth opportunity for the global computer-on-wheels market.
Innovation in advanced driver assistance system technology, autonomous driving, and vehicle infotainment systems are the main important factors propelling the growth of the computer-on-wheels market. Furthermore, the rise in the manufacturing of electric vehicles is creating an opportunity for the growth of the computer-on-wheels market, as electric vehicles feature advanced computing systems for battery management, navigation, and autonomous driving capabilities.
Market Segmentation
The computer-on-wheels market is segmented into components, vehicles, and regions. Based on components, the market is bifurcated into hardware and software. Based on vehicles, the market is divided into light-duty vehicles, heavy-duty vehicles, and robotaxi. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.
Regional/ Country Market Outlook
North America is leading in automotive innovation, with significant investments in autonomous driving and connectivity technologies. In addition, the presence of major technology companies such as Google’s Waymo, Tesla, General Motors, and Ford are further pushing boundaries of global computer on wheels market.
Government support for smart transportation and electric vehicles and high integration of internet of things (IoT) and artificial intelligence (AI) in automotive technologies particularly in region such as China, Japan, and South Korea are enhancing market growth.
In July 2021, Navya received 7.4 million euros of subsidies from France government to implement four high technology projects namely Deep Learning Segmentation (DLS) project, 5G-AV Project, Autonomous Industrial Vehicles (AIV) project, and Emergence of Autonomous Bus Sector (EFIBA) .
In February 2024, UK government launched the Connected and Automotive Mobility (CAM) Program to assist new businesses and small to medium sized businesses (SMEs) in the creation of services that could fuel the growth of autonomous vehicles.
In November 2023, a $5.68 billion funding plan was revealed by the UK government, with a strong focus on eight vital industries. Among these, the car industry is expected to acquire more than $2.16 billion in focused investment, indicating a deliberate attempt to reinforce the sector's pivotal role in the country's economic expansion and its dedication to sustainability. The automotive industry has been given a large allocation with a clear command to progress the development, manufacturing, and supply chain of zero-emission automobiles.
Competitive Analysis
The major players operating in the computer on wheels market size include Tesla Inc., Volvo Group , Cardiad (Volkswagen Group) , Honda, BMW Group, Aptiv PLC, Mercedes Benz, Lyft Inc., Didi Chuxing Technology Co., Baidu, and Jaco Powersports. The following players adopted product launch and collaboration strategies to increase their market share in the global computer on wheels industry. The other players in the computer on wheels market size include Advantech, Scott Clark Medical, Cura Resource Group, LLC, Nanjing Tianao, Ergotron Inc., Capsa Healthcare (Capsa Solutions, LLC) , Enovate, Parity Medical, Villard, ITD GmbH, Bytec Inc., Stanley Electric Co. Limited, and Convergint Innovation Medical.
Industry Trends
As per the article published by Mckinsey & Company on 08/02/2024, artificial intelligence (AI) is being thoroughly used to improve autonomous driving features. It assists in generating virtual environments for training algorithms and improving various processes such as route planning, object detection, and decision-making?
As per the article published by Tech Bullion on 10/8/2023, the rollout of 5G technology is enhancing vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (V2I) communication. This is helping in real-time data exchange, improving traffic management, and safety, and enabling cooperative driving scenarios. The high-speed, low-latency communication provided by 5G is also crucial for over-the-air (OTA) updates, keeping vehicle software up-to-date with the latest features and security patches
In March 2023, Infineon Technologies AG conducted a research initiative for supercomputers in highly automated connected vehicles. A similar automotive supercomputing platform was developed by the research project mannheim-CeCaS (Central Car Server) . The project was funded majorly by the German federal government
As per the article published by Mckinsey & Company on 08/02/2024, modern vehicles are being equipped with sophisticated infotainment systems that offer seamless integration with smartphones, voice control, and personalized content. These systems are designed to provide an inviting and practical experience for users, utilizing artificial intelligence (AI) to offer tailored recommendations and enhance the overall driving experience
Key Sources Referred
Mashable India
Nvidia.blog
Qualcomm.com
ET Insights
Safetywissen
Sustainable Bus
Computerweekly.com
Mckinsey & Company
Tech Bullion
Honda Press Release
Advantech, com
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the computer on wheels market analysis from 2024 to 2033 to identify the prevailing computer on wheels market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the computer on wheels market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global computer on wheels market trends, key players, market segments, application areas, and market growth strategies.
Computer on Wheels Market Report Highlights
| Aspects | Details |
 Market Size By 2033 | USD 3.8 Billion |
 Growth Rate | CAGR of 7.3% |
 Forecast period | 2024 - 2033 |
 Report Pages | 5 |
 By Component |
|
 By Vehicle |
|
 By Region |
|
 Key Market Players | Honda, Volvo Group, ITD Industries Inc., Convergint Innovation Medical, Villard, Didi Chuxing Technology Co., Bytech Inc., Parity Medical, Mercedes Benz, BMW Group, Baidu, Tesla Inc, Stanley Electric Co. Limited, Nanjing Tianao, Enovate, Advantech, Scott Clark Medical, Cardiad (Volkswagen Group), Ergotron, Lyft Inc., APTIV PLC, cura resource group, llc, Jaco Powersports, Capsa Healthcare |
Progression in technology and change in consumer demand are two factors driving the upcoming trends of the computer-on-wheels market.
The software segment is the leading application of Computer on Wheels Market.
North America is the largest regional market for Computer on Wheels.
$3.8 Billion is the estimated industry size of Computer on Wheels.
Tesla Inc., Volvo Group , Cardiad (Volkswagen Group) , Honda, BMW Group, Aptiv PLC, Mercedes Benz, Lyft Inc., Didi Chuxing Technology Co., Baidu, Jaco Powersports, Advantech, Scott Clark Medical, Cura Resource Group, LLC, Nanjing Tianao, Ergotron Inc., Capsa Healthcare (Capsa Solutions, LLC) , Enovate, Parity Medical, Villard, ITD GmbH, Bytec Inc., Stanley Electric Co. Limited, and Convergint Innovation Medical.
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