Press release
Predictive Vehicle Technology Market Worth $48.83 billion by 2027
Predictive Vehicle Technology Market
Report Coverage - Details
Market Size Value in - US$ 21.03 Billion in 2019
Market Size Value by - US$ 48.83 Billion by 2027
Growth rate - CAGR of 13.5% from 2020-2027
Forecast Period - 2020-2027
Base Year - 2020
No. of Pages - 177
No. Tables - 78
No. of Charts & Figures - 78
Historical data available - Yes
Segments covered - Hardware ; Vehicle Type ; Application
Regional scope - North America; Europe; Asia Pacific; Latin America; MEA
Country scope - US, UK, Canada, Germany, France, Italy, Australia, Russia, China, Japan, South Korea, Saudi Arabia, Brazil, Argentina
Report coverage - Revenue forecast, company ranking, competitive landscape, growth factors, and trends
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Companies Profiled in this report includes: AISIN SEIKI Co.Ltd., Aptiv PLC, Traffilog LTD, Continental AG, NXP Semiconductors N.V., Robert Bosch GmbH, Valeo, Visteon Corporation, HELLA GmbH & Co. KGaA, ZF Friedrichshafen AG
The predictive vehicle technology market has witnessed eminent growth in the last couple of years globally. The predictive analytics support the automotive industry in managing automotive marketing challenges. By using predictive analytical tools, complex algorithms, and customer relationship management (CRM) platform, the automakers can meet thecustomerdemands as these technologies are majorly digitallyconnected. Also, in context to the adoption of predictive automobile technology, collaborations are taking place. Huge investments are required for building a new vehicle integrated with complex technologies. Therefore, the automakers and tech companies are looking ahead to partnering in order to mitigate the risks. For instance, Volkswagen and Ford are expected to join forces todevelop autonomous vehicles. Alliances and integration of advanced technologies are contributing toward booming predictive automobile technology and so the market growth.
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Market Insights
Emergence of self-driving cars
The auto manufacturers and tech companies are involved in the development of sophisticated technologies that enable automobiles to drive themselves. In the race of testing self-driving vehicles, Google is leading the race, followed by Audi, Toyota, and Mercedes-Benz. In addition to the rising emergence of self-driving vehicles, changing government regulations and collaborations are among the major trends that would support transforming the automotive industry. Regulations such as the EU, Canada, and China are passing legislation and functioning on frameworks that encompass rules around occupancy requirements, electrification, reporting requirements, and considerations for land use and transit planning. Due to aforesaid factors, the global predictive vehicle technology market is projected to grow.
Vehicle Type-BasedInsights
Based on type, the predictive vehicle technology market,is further segmented into commercial vehicle and passenger car.The passenger car segment captured a dominating share ofthe global predictive vehicle technology market.Delphi andRobert Bosch are a few companies engaged in the business of offering advanced vehicle-related technology solutions to the passenger car segment.
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Predictive Vehicle Technology Market – By Hardware
ADAS
Telematics
OBD
Predictive Vehicle TechnologyMarket – By Vehicle Type
Commercial Vehicle
Passenger Car
Predictive Vehicle TechnologyMarket – By Application
Proactive Alerts
Safety and Security
Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876
About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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