Predictive Vehicle Technology Market to Grow at a CAGR of 13.5% to reach US$ 48.83 Bn Million from 2020 to 2027

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

Publication Month : Apr 2020

  • Report Code : TIPRE00006520
  • Category : Automotive and Transportation
  • Status : Published
  • No. of Pages : 177
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The predictive vehicle technologymarket was valued at US$ 21.03 billion in 2019 and is expected to grow at a CAGR of 13.5% from 2020 to 2027 to reach US$ 48.83 billion by 2027.

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.

Lucrative Regionsfor Predictive Vehicle TechnologyMarket

Lucrative Regionsfor Predictive Vehicle TechnologyMarket
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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.


The predictive vehicle technology market, by hardware, is subsegment edintoADAS, telematics, and OBD. The ADASsegment captured a dominating share ofthe global predictive vehicle technology market.To ensure the safety of drivers and lower road accidents, the requirement for ADAS is growing across countries. For instance, the US and the European Union are making compulsory for vehicles to be equipped with forward-collision warning systems and autonomous emergency braking systems.

Global Predictive Vehicle TechnologyMarket, by Vehicle Type – 2019& 2027

Global Predictive Vehicle TechnologyMarket, by Vehicle Type – 2019& 2027
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Application-Based Insights

The predictive vehicle technology market, by application, is further segmentedintoproactive alerts safety and security.The safety and securitysegment captured a dominating share ofthe global predictive vehicle technology market.The external IoT sensors work as proximity sensors and rear-view cameras, which make driving safer, parking, and allow blind spot detection for drivers. Also, these sensors and cameras track road conditions, weather conditions, and traffic patterns. With the help of connected cars integrated with predictive technology, prediction and prevention of collisions and accidents have become possible.

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Predictive Vehicle Technology Market: Strategic Insights

Market Size Value inUS$ 21.03 Billion in 2019
Market Size Value byUS$ 48.83 Billion by 2027
Growth rateCAGR of 13.5% from 2020-2027
Forecast Period2020-2027
Base Year2020
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Market initiative and new development strategiesarecommonly adopted by companies to expand theirfootprint worldwide and meet the growing demand. These strategiesaremostlyobserved in North America and Europe. The players present in the predictive vehicle technologymarket adopt the strategy of expansion and investment in research and development to enlarge customer base across the world, which also permits the players to maintain their brand name globally.

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

Predictive Vehicle TechnologyMarket – By Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Russia
    • Rest of Europe
  • Asia Pacific (APAC)

    • China
    • India
    • South Korea
    • Japan
    • Rest of APAC
  • Middle East & Africa (MEA)

    • South Africa
    • Rest of MEA
  • South America (SAM)

    • Brazil
    • Argentina
    • Rest of SAM

Company Profiles

  • Aptiv PLC
  • Traffilog LTD
  • Continental AG
  • NXP Semiconductors N.V.
  • Robert Bosch GmbH
  • Valeo
  • Visteon Corporation
  • HELLA GmbH & Co. KGaA
  • ZF Friedrichshafen AG
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Hardware ; Vehicle Type ; Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, South Africa, South Korea, United Kingdom, United States

Frequently Asked Questions

What are reasons behind the growth of predictive vehicle technology market in AsiaPacific?

The continuous growth in the economies of developing countries, such as India and China, and huge disposable incomes in Japan and Australia, among others, have facilitated the rapid growth of the automotive industry in this region. The auto manufacturers in APAC are focusing on developing technologically advanced products to gain a strong market position. The automotive industry in Asian countries is growing; however, due to amid outbreak of COVID-19, the production of automotive could witness a few interruptions. In context to sales of automobiles in the Asian countries, such as India, it has witness a drop in sales, which might be a pressing situation in the connected car industry.

What are the future opportunities for the predictive vehicle technology market?

Data management is a prevailingopportunity in a connected car arena. Connected cars stream massive amounts of data into the cloud, and thus to utilize extensive data, the need for predictive analysis and data analysis is expected to grow. Predictive maintenance, predictive collision avoidance, automotive marketing, automotive marketing, and data management of connected cars are among the concepts responsible for the growth of the market. Thus, the demand for data management solutionsis anticipated to provide growth opportunities for the predictive vehicle technologymarket during 2019–2027.

Which hardware is likely to hold the major share ofthe global predictive vehicle technologymarket?

In 2019, the ADAS segment led the predictive vehicle technology market,by hardware,and it is anticipated to continue its dominance during 2020–2027.Factors such as government regulations and consumer interest in safety applications are accountable to the rising need for ADAS in connected cars.

The List of Companies - Predictive Vehicle Technology Market

  1. AISIN SEIKI Co. Ltd
  2. Aptiv PLC
  3. Continental AG
  4. HELLA GmbH and Co. KGaA
  5. Nxp Semiconductors N.V
  6. Robert Bosch GmbH
  7. Traffilog LTD
  8. Valeo
  9. Visteon Corporation
  10. ZF Friedrichshafen AG

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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