Predictive Automobile Technology Market - Industry Analysis by Size, Share & Growth (2022-2028) | UnivDatos

Predictive vehicle technology is a mix of artificial intelligence (AI) and machine learning (ML) that is used to analyze the vehicle owner's trends and operating patterns in order to improve the vehicle's safety. Data mining, neural networks, system modeling, and simulation are among the technologies available. Predictive vehicle technology enhances the driving experience by automating settings, such as the infotainment system and application preferences. Since predictive technologies are gaining popularity across all vehicle types for giving the driver comfort and convenience, AI and ML are becoming a vital element of future cars and the auto industry. OEMs are working on IoT and linked device adoption in automobiles that can respond to voice commands. Furthermore, the sensors in the car can alert the owner whether the vehicle needs a mechanic's attention. Furthermore, the predictive system evaluates the vehicle's performance based on the vehicle's condition, miles clocked, and information concerning safety threats associated with car malfunctions. As a result, the data from the system aids in reducing the time it takes to locate and rectify a vehicle defect.

Download Free Sample of this Report - https://univdatos.com/get-a-free-sample-form-php/?product_id=18812

The need for predictive automotive technology will be fueled by an increase in demand to enhance automobile performance, as well as an increase in the number of cars on the road. Predictive car technology aids in the early detection of vehicle maintenance difficulties. The market for predictive vehicle technology is being driven by the rising demand for technologically sophisticated automobiles. Vehicles are fitted with a variety of technologies that can detect barriers and cars on the road or in the vicinity of the vehicle and take preventative measures to preserve the vehicle's speed and distance from other vehicles. Vehicles are now connected to one another and communicate information based on the vehicle's needs, which helps to reduce latency, delay, and effort when going. Vehicles are getting safer and more secure, resulting in increased driver and vehicle safety. During the forecast period, this is a crucial element that is expected to boost the predictive vehicle technology market.

According to UnivDatos Market Insights (UMI)' research report "Predictive Automobile Technology Market", the market is expected to witness a CAGR growth of around ~20% during the forecast period 2021-2027F. Global Predictive Automobile Technology Market is experiencing significant growth due to the rising demand for connected vehicle along with demand for technology & safety features in vehicles.

Based on application, the market is segmented into Maintenance Analysis, Driving Pattern Analysis, Predictive Smart Parking, Proactive alerts, and Safety & Security. The Safety & Security segment is expected to grow at a higher CAGR during the forecasted period. Automakers throughout the world are expected to integrate safety and security as an ADAS feature in the next years. These features are primarily designed to aid the driver by providing anticipatory cues. In developed nations, car occupants are expecting similar capabilities in their automobiles. In emerging regions, on the other hand, OEMs are including these features in their automobiles. Government mandates are supporting the expansion of the safety & security segment, since traffic congestion is a major concern in every area, propelling the category's growth.

Download Free Sample of this Report - https://univdatos.com/get-a-free-sample-form-php/?product_id=18812

Based on deployment, the market is segmented into On Premise and On Demand. The On-Premise segment is expected to grow at a higher CAGR during the forecasted period. Over the projected period, the on-premise segment is expected to dominate the market. The growing need for different applications like parking management and pollution analytics is also helping to propel the industry forward. The need for predictive software and services is growing in response to the growing need to improve driver efficiency while also lowering operating costs.

Based on hardware, the market is segmented into ADAS component, On-board diagnostics, and Telematics. The ADAS component is expected to grow at a higher CAGR during the forecasted period. During the projected period, the ADAS component is expected to be the biggest market. Radar, LiDAR, ultrasonic sensors, and cameras are examples of ADAS components. These sensors detect data and deliver it to a computer for further processing. In many ADAS applications, these sensors can be employed singly or in combination. To improve vehicle safety performance, leading manufacturers across the world are incorporating innovative technologies in passenger and commercial vehicles.

Based on vehicle type, the market is segmented into Passenger Vehicle and Commercial Vehicle. The Passenger Vehicle segment is expected to grow at a higher CAGR during the forecasted period. Due to rising passenger car sales throughout the world, the passenger car sector is expected to lead the vehicle type segment over the projection period. The segment's expansion is being fueled by customers' increased disposable income throughout the world. Consumer demand for electric vehicles is expanding, and the government has set many regulations on vehicle emissions, which is propelling the sector forward. The market's growth is being aided by increased environmental concerns as a result of rising carbon footprints.

For more informative information, please visit us - https://univdatos.com/report/predictive-automobile-technology-market/

Asia Pacific to Grab Lion's Share
Based on the estimation, during the projection period of 2021-2027, Asia-Pacific is expected to be the fastest-growing market during the forecast period. Vehicle hybridization and electrification, increasing production of electric vehicles, are primary factors driving the demand in the market. China and India, two of the world's fastest-growing economies, are part of the area. In addition, the Asia Pacific area is the largest market for vehicles, thanks to rising consumer spending power, which has fueled demand for automobiles in the region. In addition, the industry is growing due to rising sales of commercial vehicles and passenger automobiles in the region. The region's nations are encouraging the integration of commercial telematics into new cars, which will benefit the worldwide commercial telematics industry. To meet the need for modern telematics systems in the subcontinent, many European and North American OEMs are entering the market. As a result, Asia Pacific is predicted to expand somewhat throughout the projection period.

According to UnivDatos Market Insights (UMI)', the key players with a considerable market share in the Global Predictive Automobile Technology Market are includes Aptiv PLC, ZF Friedrichshafen AG, Continental AG, Robert Bosch GmbH, Valeo SA, Garrett Motion Inc., Aisin Corporation, Siemens AG, Honeywell International Inc and Magna International Inc. etc.
• In June 2021, Garrett Motion Inc. a leading differentiated technology provider for the automotive industry announced the launch of a new software solution focused on Model-Based Predictive Control (MPC) technology with Hyundai Motor Company (HMC). The advanced MPC technology is able to predict and preemptively optimize how a system operates in real-world conditions, enabling all types of light and commercial vehicles, whether ICE, hybrid, battery-electric, or hydrogen fuel cell-powered, to improve performance, efficiency, and reliability

"Global Predictive Automobile Technology Market" provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and opportunities available for the market players. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on different parameters. This will help companies in the formulation of go to market strategies and identifying the blue ocean for its offerings.

For more informative information, please visit us - https://univdatos.com/report/predictive-automobile-technology-market/

Market Segmentation:
1. By Application (Maintenance Analysis, Driving Pattern Analysis, Predictive Smart Parking, Proactive alerts and Safety & Security)
2. By Deployment (On Premise and On Demand)
3. By Hardware (ADAS component, On-board diagnostics and Telematics)
4. By Vehicle Type (Passenger Vehicle and Commercial Vehicle)
5. By Region (North America (United States, Canada, Rest of North America), Europe (Germany, France, UK, Italy, Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Rest of APAC), and Rest of World)
6. By Company (Aptiv PLC, ZF Friedrichshafen AG, Continental AG, Robert Bosch GmbH, Valeo SA, Garrett Motion Inc., Aisin Corporation, Siemens AG, Honeywell International Inc and Magna International Inc.)

Key questions answered in the study:
1. What are the current and future trends of the Global Predictive Automobile Technology industry?
2. How the industry has been evolving in terms of end-user demand and product category?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Global Predictive Automobile Technology industry?
5. What is the customer orientation, purchase behavior, and expectations from the Global Predictive Automobile Technology suppliers across various countries?

Table of Content -
1 MARKET INTRODUCTION
2 RESEARCH METHODOLOGY OR ASSUMPTION
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 PREDICTIVE AUTOMOBILE TECHNOLOGY MARKET COVID-19 IMPACT
6 PREDICTIVE AUTOMOBILE TECHNOLOGY MARKET REVENUE, 2019-2027F
7 MARKET INSIGHTS BY APPLICATION
8 MARKET INSIGHTS BY DEPLOYMENT
9 MARKET INSIGHTS BY HARDWARE
10 MARKET INSIGHTS BY VEHICLE TYPE
11 MARKET INSIGHTS BY REGION
12 PREDICTIVE AUTOMOBILE TECHNOLOGY MARKET DYNAMICS
13 PREDICTIVE AUTOMOBILE TECHNOLOGY MARKET OPPORTUNITIES
14 PREDICTIVE AUTOMOBILE TECHNOLOGY MARKET TRENDS
15 LEGAL & REGULATORY FRAMEWORK
16 DEMAND AND SUPPLY SIDE ANALYSIS
17 VALUE CHAIN ANALYSIS
18 COMPETITIVE SCENARIO
19 COMPANY PROFILED
20 DISCLAIMER

For more informative information, please visit us - https://univdatos.com/report/predictive-automobile-technology-market/

Contact us:
UnivDatos Market Insights (UMI)
Email: sales@univdatos.com
Web: https://univdatos.com
Ph: +91 7838604911

About Us:
UnivDatos Market Insights (UMI), is a passionate market research firm and a subsidiary of Universal Data Solutions. Rigorous secondary and primary research on the market is our USP, hence information presented in our reports is based on facts and realistic assumptions. We have worked with 200+ global clients, including some of the fortune 500 companies. Our clientele praises us for quality of insights, In-depth analysis, custom research abilities and detailed market segmentation.

This release was published on openPR.