Computer on Wheels Market Forecasts to 2028 - Global Analysis By Component (Software, Hardware and Other Components), By Vehicle (Heavy Duty Vehicles, Light Duty Vehicles, Robotaxi and Other Vehicles) and By Geography

According to Stratistics MRC, the Global Computer on Wheels Market is accounted for $2.14 billion in 2022 and is expected to reach $69.02 billion by 2028 growing at a CAGR of 78.4% during the forecast period. A mobile computer cart known as a workstation is used in medical settings. Healthcare professionals can move their work and equipment around a healthcare institution with the use of portable workstations that are battery-powered and lightweight. In the automobile business, a vehicle that integrates hardware, electronics, and software to provide connection and autonomy capabilities like 5G connectivity, ADAS, auto parking systems, and many more is referred to as a "computer on wheels."

According to Electrek, Tesla is launching its electric crossover with AMD Ryzen processor that will run the vehicle's infotainment system in China. With this help, Tesla will continue focusing on expanding its processing capabilities.

Market Dynamics:

Driver:

Growing connected technology integration and development

With the aid of in-car Wi-Fi, connected vehicles can download updates and communicate locally with other devices to send and receive data. They are capable of using remote vehicle functions and telematics data, which are chosen as standard features with EVs. A satisfying driving experience has been made possible by the introduction of connected technologies in cars, such as vehicle-to-vehicle communication, vehicle-to-infrastructure, vehicle-to-everything, and user-to-vehicle connectivity features like Bluetooth, 4G, and 5G connectivity with GPS technologies.

Restraint:

Cyber attack risk in connected and automated vehicles

Driver assistance, for instance, depends on a number of systems and components, including electronics, sensors, and computer systems. These systems are vulnerable to computer network disruptors like data thieves, various bad actors, spoofers, and denial-of-service assaults that can cause the computer in a car to malfunction. The vehicle could be remotely turned off or taken over by hackers. A self-driving car could be used by car thieves to move to a different place. Several automobiles make use of the Controller Area Network (CAN), which facilitates communication with the Electronic Control Unit (ECU) of the vehicle, which controls the engine, airbags, gearbox, audio system, antilock brakes, and other components. As a result, applying cyber security to portable computers is more essential.

Opportunity:

Technological advancements

Governments are additionally investing a lot of effort into developing smart road infrastructure to keep up with developments in the automotive industry, which will help the market for automated and connected technology grow. Major businesses are focusing on creating effective high-tech vehicles with automated and networked systems to improve user assistance, driving comfort, and transit. Additionally, the future of connected autonomous vehicle (CAV) technology, which offers the driver complete or partial help, has been improved by the combination of linked systems and autonomous technologies.

Threat:

Clutter issues

Clutter is a typical issue that the Department of Health and Human Services includes in its safety guidelines. Particularly when combined with multiple peripherals like printers, barcode scanners, and connections connecting a computer to a monitor, computers are frequently notorious for being hotspots of clutter.

COVID-19 Impact:

Leading automobile firms were severely impacted as a result of the global spread of COVID-19 and the shutdown of manufacturing facilities as the production of new vehicles was suspended. Furthermore, during the pandemic, there was a decline in OEM investments and a decline in the uptake of new technology. Automakers were compelled to make decisions about cost-cutting strategies when companies and educational institutions closed to minimise social contact and individuals started commuting less. The pandemic and ensuing supply chain disruptions caused a severe semiconductor chip shortage that affected a number of industries, including the production of electric and conventional fossil fuel vehicles as well as autonomous and semi-autonomous vehicles.

The hardware segment is expected to be the largest during the forecast period

Hardware segment held the largest market share in 2021, and is anticipated the witness the largest share throughout the extrapolated period, due to the primary mechanical systems found in a vehicle, and these systems carry out their activities and functions using inputs from software systems. Moreover, the development of the hardware systems in vehicle computing necessary for integrating software in a computer on wheels to boost the vehicle's processing capability also contributes to the market segment growth.

The robotaxi segment is expected to have the highest CAGR during the forecast period

During the forecast period, the robotaxi segment is expected to grow at the highest CAGR in the market for computers on wheels. This development is driven by an increase in investments made in the category by major companies to build up their business models, enhance their product lines, and establish a presence in the market.

Region with largest share:

Asia Pacific commanded the market in 2021 and is anticipated to continue to hold the largest share throughout the projection period as the development and deployment of robotaxis with cutting-edge technology and solutions is the primary emphasis of the region's major computer on wheels players. For instance, Auto X declared in February 2022 that it had reached the 1,000 robotaxi fleet milestone in China. Moreover, the company has been rapidly growing its fleet of autonomous vehicles, which is boosting market expansion in the Asia Pacific area.

Region with highest CAGR:

Due to major players' investments in the creation of technologies that will be included in future cars, North America will have the highest growth rate in this market throughout the estimated period. For instance, Tesla increased its R&D investment in 2021 by 74% YoY to USD 1.1 billion as the business continued to develop new products and factories for the manufacturing of high-tech automobiles, which fueled market expansion in the region.

Key players in the market:

Some of the key players in Computer on Wheels market include: Advantech, Aptiv, Baidu, BMW Group, Bytec, Capsa Solutions, Convergint Innovative Medical, Cura, Didi Chuxing Technology Co., DTG Power, Enovate, Ergotron, Honda, ITD, JACO, Lyft, Inc., Mercedes Benz AG, Nanjing Tianao, Parity Medical, Rubbermaid, Scott-Clark Medical, Stanley, Tesla Inc., Villard, Volkswagen AG and Volvo.

Key Developments:

In October 2022, AWS and BMW announced its strategic collaboration to develop a Cloud-based Data Platform for BMW. This platform will first be exclusively available to BMW and then to other automotive makers. This will enable a simpler way to integrate vehicle data sources, fleet management applications, and others.

In August 2022, Volkswagen's CARID Technologies Group announced an investment of USD 4 billion to procure self-driving software and hardware from Innoviz Technology that includes components such as LIDAR sensors and advanced driver assistance systems.

In July 2021, Lyft, Argo AI, and Ford Motor Company collaborated to commercialize driverless autonomous ride-hailing. They aim to create an autonomous ride-hailing service using self-driving technology along with a vehicle fleet and transportation network to deliver a comfortable and memorable experience to riders.

Components Covered:

• Software
• Hardware
• Other Components

Vehicles Covered:

• Heavy Duty Vehicles
• Light Duty Vehicles
• Robotaxi
• Other Vehicles

Regions Covered:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • Italy
  • France
  • Spain
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • India
  • Australia
  • New Zealand
  • South Korea
  • Rest of Asia Pacific
• South America
  • Argentina
  • Brazil
  • Chile
  • Rest of South America
• Middle East & Africa
  • Saudi Arabia
  • UAE
  • Qatar
  • South Africa
  • Rest of Middle East & Africa

What our report offers:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
• Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

Free Customization Offerings:

All the customers of this report will be entitled to receive one of the following free customization options:

• Company Profiling
  • Comprehensive profiling of additional market players (up to 3)
  • SWOT Analysis of key players (up to 3)
• Regional Segmentation
  • Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
  • Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances