North America Predictive Vehicle Technology Market Growth and Recent Trends by 2027

Historic Data: 2017-2018 | Base Year: 2019 | Forecast Period: 2020-2027

North America Predictive Vehicle Technology Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Hardware (ADAS, Telematics, and OBD), Vehicle Type (Commercial Vehicle and Passenger Car), and Application (Proactive Alerts and Safety and Security) and Country

Report Date : Aug 2020
Report Code : TIPRE00012826

Category : Automotive and Transportation
Status : Published

Available Report Formats :
No. of Pages : 108

Page Updated: Oct 2020

Analysis Strategic Insights Market Drivers Regional Insights Report Scope Recent Developments FAQs

The predictive vehicle technology market in North America is expected to grow from US$ 3.90 Mn in 2019 to US$ 8.52 Mn by 2027; it is estimated to grow at a CAGR of 12.68% from 2020 to 2027.

The US, Canada, and Mexico are major economies in North America. Increasing use of predictive powertrain control in heavy vehicles has seen a steep rise recently after slow growth over the past few years. The Predictive Powertrain Control (PPC) has arrived a few years ago to gain momentum in current times. The adoption of PPC assists in lowering fuel consumption by up to 5% in long-distance traffic. This is a distinct cruise control system that saves monetary resources through intelligent predictions. The PPC uses 3D maps and GPS data to scan a road ahead. Later, the system automatically adjusts the speed while rolling accordingly. This is the major factor bolstering the growth of the market. Thus, the growth in the predictive powertrain control in heavy vehicles would create a significant demand for predictive vehicle technology in the coming years, which is further anticipated to drive the market in North America. Furthermore the COVID-19 has been very devastating in the North America region. US has the higher number of confirmed cases of coronavirus, as, compared to Canada and Mexico. The fast increase in the number of confirmed cases and rising reported deaths are likely to impact the businesses operating in this region. Due to the COVID-19 outbreak in the region, the supply chain and sales are getting affected. In addition to this, the overall manufacturing processes, research, and development activities will also get affected in the short term.The predictive analytics supports the automotive industry in managing automotive marketing challenges. By using predictive analytical tools, complex algorithms, and customer relationship management (CRM) platform, the automakers can fulfil the demand of customers as these are majorly digitally-connected. The developers can integrate predictive analytics with CRM platforms to assist the dealers in providing highly-targeted advertisements to interested buyers. Also, in context to the adoption of predictive automobile technology, collaborations are taking place. For building a new vehicle integrated with complex technologies requires huge investments. With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America predictive vehicle technology market. The North America predictive vehicle technology is expected to grow at a good CAGR during the forecast period.

This FREE sample will include data analysis, ranging from market trends to estimates and forecasts.

North America Predictive Vehicle Technology Market Segmentation

North America Predictive Vehicle Technology Market – By Hardware

ADAS
Telematics
OBD

North America Predictive Vehicle Technology Market – By Vehicle Type

Commercial Vehicle
Passenger Car

North America Predictive Vehicle Technology Market – By Application

Proactive Alerts
Safety and Security

North America Predictive Vehicle Technology Market- by Country

US
Canada
Mexico

North America Predictive Vehicle Technology Market-Companies Mentioned

AISIN SEIKI Co.Ltd
Aptiv PLC
Continental AG
HELLA GmbH and Co. KGaA
NXP SEMICONDUCTORS N.V.
Robert Bosch GmbH
Valeo
Visteon Corporation
ZF Friedrichshafen AG

North America Predictive Vehicle Technology Report Scope

Report Attribute	Details
Market size in 2019	US$ 3.90 Million
Market Size by 2027	US$ 8.52 Million
CAGR (2020 - 2027)	12.68%
Historical Data	2017-2018
Forecast period	2020-2027
Segments Covered	By Hardware ADAS Telematics OBD By Vehicle Type Commercial Vehicle and Passenger Car By Application Proactive Alerts and Safety and Security
Regions and Countries Covered	North America US Canada Mexico
Market leaders and key company profiles	AISIN SEIKI Co.Ltd. Aptiv PLC Continental AG HELLA GmbH and Co. KGaA NXP SEMICONDUCTORS N.V. Robert Bosch GmbH Valeo Visteon Corporation ZF Friedrichshafen AG

Research Manager

Naveen Chittaragi

Associate Vice President,
Market Research & Consulting

Naveen is an experienced market research and consulting professional with over 9 years of expertise across custom, syndicated, and consulting projects. Currently serving as Associate Vice President, he has successfully managed stakeholders across the project value chain and has authored over 100 research reports and 30+ consulting assignments. His work spans across industrial and government projects, contributing significantly to client success and data-driven decision-making.

Naveen holds an Engineering degree in Electronics & Communication from VTU, Karnataka, and an MBA in Marketing & Operations from Manipal University. He has been an active IEEE member for 9 years, participating in conferences, technical symposiums, and volunteering at both section and regional levels. Prior to his current role, he worked as an Associate Strategic Consultant at IndustryARC and as an Industrial Server Consultant at Hewlett Packard (HP Global).

What are the North America Predictive Vehicle Technology Market report deliverables?

Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
PEST and SWOT Analysis
Market Size Value / Volume - Regional, Country
Industry and Competitive Landscape
Excel Dataset

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