The Global Predictive Vehicle Technology Market size was estimated to be US$ 20 billion in 2019 and expected to grow at a CAGR of 18% during 2020 and 2030.
Predictive vehicle technology refers to integration of analytical tools to comprehend driving pattern and driving trends into an automobile to improve occupant safety and vehicle efficiency. With advancement in technology, automobile manufacturers are focusing on integration of advanced tools such as Machine Learning (ML) and Artificial Intelligence (AI) into their vehicles to cope up with intense competition in the market.
These technologies are anticipated to be an integral part of automobile with the emergence of Internet of Things and development of autonomous vehicles. Predictive vehicle technology is gaining popularity for enhancing the occupant safety and convenience and is anticipated to become an integral part of automobiles in coming years. The advancement in semiconductor technology used across automotive electronics is anticipated to play a vital role in successful integration of these technologies along with enhancing vehicle connectivity.
Incorporation of predictive collision avoidance, predictive maintenance, and predictive powertrain control is anticipated to be the major growth contributing factors in coming years. However, the demand for advanced electronic and associated technologies from automotive industry is anticipated to witness slack in coming couple of years due to prevalence of COVID-19. The market is anticipated to rebound with focused efforts of strengthening and reshaping the automotive supply chain. The global predictive vehicle technology market is anticipated to witness prominent growth during the forecast period.
Asia Pacific contributed the largest share to the global predictive vehicle technology market in 2019 and is anticipated to be a dominating segment throughout the forecast period owing to strong demand for predictive vehicle technology equipped vehicles across major countries in Asia. Additionally, expanding automotive manufacturing across major countries and increased investment in development of advanced automotive electronics is anticipated to contribute towards the growth of Asia Pacific predictive vehicle technology during the forecast period. North America is anticipated to contribute towards the development of advanced systems owing to the increasing investment in automotive telematics, Internet of Things and development of fully autonomous vehicles.
Predictive Vehicle Technology Market Share Analysis, by Geography (2021)
The report titled “Predictive Vehicle Technology Market - Global Market Share, Trends, Analysis and Forecasts, 2022-2032”, wherein 2020 is historic period, 2021 is the base year, and 2022 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global predictive vehicle technology market. Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market.
The global predictive vehicle technology market is segmented on the basis of vehicle type, system type, deployment, applications, and geography. Based on vehicle type, the global predictive vehicle technology market is segmented into passenger vehicle and commercial vehicle. Based on system type, the global predictive vehicle technology market is segmented into advanced driver-assistance systems (ADAS), On-board diagnostics, telematics, and others. Based on deployment, the global predictive vehicle technology market is segmented into on-premise and cloud. Based on applications, the global predictive vehicle technology market is segmented into pro-active alerts, safety & security, and others. Based on geography, the global predictive vehicle technology market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
The research provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on predictive vehicle technology. Further, market share of prominent companies in the global predictive vehicle technology market would also be estimated. The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the predictive vehicle technology companies.
The global predictive vehicle technology market study would take into consideration the participants engaged throughout the ecosystem of the market, along with their contribution. Product portfolio would focus on all the products under the predictive vehicle technology business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global predictive vehicle technology market.
Major players active in the global predictive vehicle technology market include Aisin Seiki Co., Ltd., Aptiv PLC, Continental AG, GARRETT MOTION INC., NXP Semiconductors N.V., Robert Bosch GmbH, Valeo, and ZF Friedrichshafen AG.
Segmentation:
By Vehicle Type:
By System Type:
By Deployment Type:
By Application:
By Geography :
The global predictive vehicle technology market is estimated to expand at a CAGR of 18% through 2030.
The incorporation of predictive collision avoidance, predictive maintenance, and predictive powertrain control is anticipated to be the major growth contributing factor of the predictive vehicle technology market
Asia Pacific contributed the largest share to the global predictive vehicle technology market and is anticipated to be a dominating segment throughout the forecast period owing to strong demand for predictive vehicle technology equipped vehicles across major countries in Asia.
The global predictive vehicle technology market segmented on the basis of vehicle type, system type, deployment, applications, and geography.
Major players operating in the global predictive vehicle technology market include Aisin Seiki Co., Ltd., Aptiv PLC, Continental AG, GARRETT MOTION INC., NXP Semiconductors N.V., Robert Bosch GmbH, Valeo, and ZF Friedrichshafen AG.
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