Several manufacturers are implementing algorithms which consume data for automating the way of setting up a vehicle, comprising an auto's application preferences & its infotainment framework. Automotive manufacturers are shifting into IoT gadgets which can associate with taking voice commands, changing the user interface. Predictive vehicle technology can likewise be used as sensors present within a vehicle that informs the owner if the vehicle requires service from a mechanic. Depending on the car's mileage and condition, the technology supports to evaluate vehicle performance, set up appointments/meetings in actual time, and report users about any safety risks related to the malfunctioning of car.
The key factors that are propelling the growth of predictive vehicle technology market are the introduction of machine learning in the automotive industry and excessive use of real-time data for vehicular applications. Moreover, the growing number of the vehicle combined with increasing demand for vehicle safety & fuel optimization to craft new growth opportunities, which in turn is anticipated boost the predictive vehicle technology market to grow in the coming years.
The "Global Predictive Vehicle Technology Market Analysis to 2027" is a specialized and in-depth study of the predictive vehicle technology industry with a special focus on the global market trend analysis. The report aims to provide an overview of predictive vehicle technology market with detailed market segmentation by hardware, vehicle type, application, and geography. The global predictive vehicle technology market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading predictive vehicle technology market players and offers key trends and opportunities in the market.
The global predictive vehicle technology market is segmented on the basis of hardware, vehicle type, and application. Based on hardware, the market is segmented as ADAS, Telematics, and OBD. On basis of vehicle type, the market is bifurcated into commercial vehicle and passenger car. Further, on basis of application, the market is segmented into proactive alerts and safety & security.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global predictive vehicle technology market based on various segments. it also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The predictive vehicle technology market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting predictive vehicle technology market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for the predictive vehicle technology market for each region.
The reports cover key developments in the predictive vehicle technology market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market payers from predictive vehicle technology market are anticipated to lucrative growth opportunities in the future with the rising demand for predictive vehicle technology in the global market. Below mentioned is the list of few companies engaged in the predictive vehicle technology market.
The report also includes the profiles of key predictive vehicle technology companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, key development in the past five years.
- Aisin Seiki Co., Ltd.
- Aptiv PLC
- Continental AG
- Ghiocel Predictive Technologies, Inc.
- NXP Semiconductors N.V.
- Robert Bosch GmbH
- Visteon Corporation
- ZF Friedrichshafen AG
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.