The Global Predictive Vehicle Technology Market is projected to grow at a CAGR 19.37% rate during the forecast period. Predictive vehicle technology is a set of vehicle technologies that incorporates predictive analytics with the use of both real-time and historical data that forecast activity, behavior, and faults that might hamper vehicles if not corrected in real time.
ADAS component is expected to be the largest segment. ADAS components include various sensors like radar, LiDAR, ultrasonic sensors, and cameras. These sensors are used to sense the data and send it for further processing. These sensors can be used in isolation or with a combination in various ADAS applications. Leading automakers across the world are integrating advanced features in passenger and commercial vehicles to enhance vehicle safety performance.
Safety & security segment is expected to dominate the market. Safety and security, in the coming years is likely to be integrated as an ADAS function by automakers globally. These functions are mainly intended to assist the driver by offering predictive signals. Vehicle occupants in developed countries are demanding such features in their vehicles. On the other hand, OEMs are offering these features in their vehicles in developing regions. The growth of the safety & security segment is supported by government mandates as traffic congestion is a huge issue in every region, thereby driving the growth of the segment.
Commercial vehicle segment is estimated to be the fastest market. The use of telematics in commercial vehicles is rising as it contributes to fleet safety. It mainly provides satellite navigation, GPS location tracking, and infotainment options. The option to monitor the location of a vehicle in real time is useful for informing drivers about the incoming traffic, vehicle accidents, weather issues, and congested routes.
Asia Pacific is expected to account for the largest market size. The region comprises some of the fastest developing economies of the world such as China and India. Also, the Asia Pacific region is the largest market for automotive as the growing purchasing power of consumers has triggered the demand for automobiles in the region.
Key market players include Bosch (Germany), Continental (Germany), Garrett Motion (Switzerland), Aptiv (UK), Aisin Seiki (Japan), ZF (Germany), NXP (The Netherlands), and Valeo (France) among others.
Key Questions:
- With the growth of predictive vehicle technology, data is becoming the new money. What should be the go-to-market strategies for predictive vehicle technology suppliers to enter the developing regions?
- How will the implementation of safety mandates impact the overall market?
- Who is responsible for the ownership of data generated through predictive vehicle technology? How is it commercialized?
- Predictive vehicle technology will be collecting huge amount of data. What are data security solution providers doing to protect this critical data?
- Introduction
- Market Definition
- Study Scope
- Study Period
- Market Stakeholders
- Research Methodology
- Secondary Research
- Primary Research
- Research Design
- Data Validation
- Limitations and Assumptions
- Executive Summary
- Market Dynamics
- Drivers
- Advent of Machine Learning in Automotive Industry
- Excessive Usage of Real-Time Data for Vehicular Applications
- Opportunities
- Predictive Vehicle Technology is Key to Fleet Management in Emerging Countries
- Ensuring Appropriate Insurance Premiums With Telematics
- Challenges
- Extracting Useful Data From the Telematics
- Time Lag of Cybersecurity Updates for Maintenance and Troubleshooting
- Issues Associated With Data Security and Its Integration With Existing Software Platforms
- Predictive Vehicle Technology Market, By Application
- Proactive Alerts
- Safety & Security
- Predictive Vehicle Technology Market, By Hardware
- ADAS Component
- Telematics
- On-Board Diagnostics
- Predictive Vehicle Technology Market, By Deployment
- On-Premise
- Cloud
- Predictive Vehicle Technology Market, By Vehicle Type
- Passenger Vehicle
- Commercial Vehicle
- Predictive Vehicle Technology Market, By End User
- Fleet Owners
- Insurers
- OEMs and Service Providers
- Predictive Vehicle Technology Market, By Region
- Asia Pacific
- China
- India
- Japan
- South Korea
- Thailand
- Rest of Asia Pacific
- Europe
- Germany
- France
- UK
- Spain
- Russia
- Turkey
- Rest of Europe
- North America
- Canada
- Mexico
- US
- Rest of the World (RoW)
- Brazil
- Iran
- Others
- Company Profiles
- Continental
- Robert Bosch
- Aptiv
- Aisin Seiki
- Garrett Motion
- Harman (Samsung)
- Visteon
- ZF
- Valeo
- NXP
*Company introduction, financial information, recent developments, SWOT analysis
- Conclusion and Recommendations
- Appendix
- About
- Related Reports
- Glossary
