According to a new report from Fact.MR, a market research and competitive intelligence firm, the number of car displays is constantly expanding, increasing by over 65 percent between 2016 and 2021. According to Fact.MR, the vehicle display industry is expected to reach over US$ 22 billion by 2022.
For large economies, the automotive industry is one of the most important accelerators of innovation and growth. Bosch has updated and redesigned the century-old sun visor technology with the introduction of Artificial Intelligence Virtual Visors. For effective functioning, the new device now has an Artificial Intelligence liquid crystal display and cutting-edge software. Fact. According to MR, market expansion will be fueled by the advent of high-speed Internet and stronger automotive safety rules.
Artificial Intelligence Virtual Visors Market: Key Findings
- By 2022, the global automotive display market, according to Fact.MR, is expected to reach US$ 22 billion.
- The global consumer electronics sector is expected to exceed US$ 2 trillion by 2031, according to Fact.MR.
- The growth of high-speed Internet services across all regions is expected to increase demand for AI virtual visors, and the premium automotive market will be an early adopter.
- Commercial vehicle sales, which are expected to reach over 27 million units in 2019, will be a profitable market for AI virtual visors.
According to a Fact.MR analyst, “advancing artificial intelligence and automobile electronics, as well as high-speed Internet, are likely factors to fuel the early adoption of AI virtual visors.”
AI Virtual Visors: Hope or Hype in Addressing Road Safety and Economic Challenges?
A study published by the National Center for Biotechnology Information of the United States National Library of Medicine sheds light on how life-threatening motor vehicle accidents occur under intense sunlight.
Drivers are more likely to make mistakes due to visual illusions caused by bright sunlight during the day. From an aerial perspective, this involves an error in feasible distance. Bright sunlight was discovered to be the most common weather during accidents. When compared to typical weather conditions, the chance of a life-threatening crash was judged to be 16 percent higher in strong sunlight.
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