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.- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Hardware, Vehicle Type, and Application and Country
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada
1.Introduction
1.1Study Scope
1.2The Insight Partners Research Report Guidance
1.3Market Segmentation
2.Key Takeaways
3.Research Methodology
3.1Coverage
3.2Secondary Research
3.3Primary Research
4.North America Predictive Vehicle Technology Market Landscape
4.1Market Overview
4.2North America PEST Analysis
4.3Ecosystem Analysis
4.4Expert Opinion
5.North America Predictive Vehicle Technology–Market Dynamics
5.1Market Drivers
5.1.1Increasing use of predictive powertrain control in heavy vehicles
5.1.2Blending of AI in automotive industry
5.2Market Restraints
5.2.1Problems regarding predictive technology
5.3Market Opportunities
5.3.1Urge to confirm proper data management in connected cars
5.4Future Trends
5.4.1Arrival of self-driving vehicles
5.5Impact Analysis of Drivers and Restraints
6.Predictive Vehicle Technology Market – North America Analysis
6.1North America Predictive Vehicle Technology Market Global Overview
6.2North America Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Million)
6.3Market Positioning –Key Players
7.North America Predictive Vehicle Technology Market Analysis – By Hardware
7.1Overview
7.2North America Predictive Vehicle Technology Market, By Hardware (2019 and 2027)
7.3ADAS
7.3.1Overview
7.3.2ADAS: Market – Revenue and Forecast to 2027 (US$ Million)
7.4Telematics
7.4.1Overview
7.4.2Telematics: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Million)
7.5OBD
7.5.1Overview
7.5.2OBD: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Million)
8.North America Predictive Vehicle Technology Market Analysis – By Vehicle Type
8.1Overview
8.2North America Predictive Vehicle Technology Market Breakdown, by Vehicle Type, 2019 & 2027
8.3Commercial Vehicle
8.3.1Overview
8.3.2Commercial Vehicle: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Million)
8.4Passenger Car
8.4.1Overview
8.4.2Passenger Car: Predictive Vehicle Technology Market Revenue and Forecast to 2027 (US$ Million)
9.North America Predictive Vehicle Technology Market Analysis – By Application
9.1Overview
9.2North America Predictive Vehicle Technology Market Breakdown, by Application, 2019 & 2027
9.3Proactive Alerts
9.3.1Overview
9.3.2Proactive Alerts Market Revenue and Forecast to 2027 (US$ Million)
9.4Safety and Security
9.4.1Overview
9.4.2Safety and Security Market Revenue and Forecast to 2027 (US$ Million)
10.North America Predictive Vehicle Technology Market Country Analysis
10.1Overview
10.1.1North America: Predictive Vehicle Technology Market, by Key Country
10.1.1.1US: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Billion)
10.1.1.1.1US: Predictive Vehicle Technology Market, by Hardware
10.1.1.1.2US: Predictive Vehicle Technology Market, by Vehicle Type
10.1.1.1.3US: Predictive Vehicle Technology Market, by Application
10.1.1.2Canada: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Billion)
10.1.1.2.1Canada: Predictive Vehicle Technology Market, by Hardware
10.1.1.2.2Canada: Predictive Vehicle Technology Market, by Vehicle Type
10.1.1.2.3Canada: Predictive Vehicle Technology Market, by Application
10.1.1.3Mexico: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Billion)
10.1.1.3.1Mexico: Predictive Vehicle Technology Market, by Hardware
10.1.1.3.2Mexico: Predictive Vehicle Technology Market, by Vehicle Type
10.1.1.3.3Mexico: Predictive Vehicle Technology Market, by Application
11.North America Predictive Vehicle Technology Market- COVID-19 Impact Analysis
11.1North America
12.Industry Landscape
12.1Market Initiative
12.2Merger and Acquisition
12.3New Development
13.Company Profiles
13.1AISIN SEIKI Co.Ltd.
13.1.1Key Facts
13.1.2Business Description
13.1.3Products and Services
13.1.4Financial Overview
13.1.5SWOT Analysis
13.1.6Key Developments
13.2Aptiv PLC
13.2.1Key Facts
13.2.2Business Description
13.2.3Products and Services
13.2.4Financial Overview
13.2.5SWOT Analysis
13.2.6Key Developments
13.3Continental AG
13.3.1Key Facts
13.3.2Business Description
13.3.3Products and Services
13.3.4Financial Overview
13.3.5SWOT Analysis
13.3.6Key Developments
13.4HELLA GmbH and Co. KGaA
13.4.1Key Facts
13.4.2Business Description
13.4.3Products and Services
13.4.4Financial Overview
13.4.5SWOT Analysis
13.4.6Key Developments
13.5NXP SEMICONDUCTORS N.V.
13.5.1Key Facts
13.5.2Business Description
13.5.3Products and Services
13.5.4Financial Overview
13.5.5SWOT Analysis
13.5.6Key Developments
13.6Robert Bosch GmbH
13.6.1Key Facts
13.6.2Business Description
13.6.3Products and Services
13.6.4Financial Overview
13.6.5SWOT Analysis
13.6.6Key Developments
13.7Valeo
13.7.1Key Facts
13.7.2Business Description
13.7.3Products and Services
13.7.4Financial Overview
13.7.5SWOT Analysis
13.7.6Key Developments
13.8Visteon Corporation
13.8.1Key Facts
13.8.2Business Description
13.8.3Products and Services
13.8.4Financial Overview
13.8.5SWOT Analysis
13.8.6Key Developments
13.9ZF Friedrichshafen AG
13.9.1Key Facts
13.9.2Business Description
13.9.3Products and Services
13.9.4Financial Overview
13.9.5SWOT Analysis
13.9.6Key Developments
14.Appendix
14.1About The Insight Partners
14.2Word Index
LIST OF TABLES
Table 1.North America Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Million)
Table 2.US: Predictive Vehicle Technology Market, by Hardware –Revenue and Forecast to 2027 (US$ Billion)
Table 3.US: Predictive Vehicle Technology Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Billion)
Table 4.US: Predictive Vehicle Technology Market, by Application –Revenue and Forecast to 2027 (US$ Billion)
Table 5.Canada: Predictive Vehicle Technology Market, by Hardware –Revenue and Forecast to 2027 (US$ Billion)
Table 6.Canada: Predictive Vehicle Technology Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Billion)
Table 7.Canada: Predictive Vehicle Technology Market, by Application –Revenue and Forecast to 2027 (US$ Billion)
Table 8.Mexico: Predictive Vehicle Technology Market, by Hardware –Revenue and Forecast to 2027 (US$ Billion)
Table 9.Mexico: Predictive Vehicle Technology Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Billion)
Table 10.Mexico: Predictive Vehicle Technology Market, by Application –Revenue and Forecast to 2027 (US$ Billion)
Table 11.List of Abbreviation
LIST OF FIGURES
Figure 1.North America Predictive Vehicle Technology Market Segmentation
Figure 2.North America Predictive Vehicle Technology Market Segmentation – By Country
Figure 3.North America Vehicle Technology Market Overview
Figure 4.North America Safety and Security Application Segment Held the Largest Share During Forecast Period
Figure 5.North America ADAS Hardware Segment Held the Largest Share During Forecast Period
Figure 6.North America Passenger Car Held the Largest Share During Forecast Period
Figure 7.US Held the Largest Share of North America Predictive Vehicle Technology Market
Figure 8.North America Predictive Vehicle Technology Market, Industry Landscape
Figure 9.North America Predictive Vehicle Technology Market, Country Analysis
Figure 10.North America – PEST Analysis
Figure 11.North America Ecosystem Analysis
Figure 12.Expert Opinion
Figure 13.North America Predictive Vehicle Technology Market Impact Analysis of Drivers and Restraints
Figure 14.North America Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15.North America Predictive Vehicle Technology Market Revenue Share, by Hardware (2019 and 2027)
Figure 16.North America ADAS: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17.North America Telematics : Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Million)
Figure 18.North America OBD: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19.North America Predictive Vehicle Technology Market Breakdown, by Vehicle Type (2019 and 2027)
Figure 20.North America Commercial Vehicle: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Million)
Figure 21.North America Passenger Car Market Revenue and Forecast to 2027(US$ Million)
Figure 22.North America Predictive Vehicle Technology Market Breakdown, by Application (2019 and 2027)
Figure 23.North America Proactive Alerts Market Revenue and Forecast to 2027(US$ Million)
Figure 24.North America Safety and Security Market Revenue and Forecast to 2027(US$ Million)
Figure 25.North America: Predictive Vehicle Technology Market Revenue Share, By Key Country (2019 and 2027)
Figure 26.US: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Billion)
Figure 27.Canada: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Billion)
Figure 28.Mexico: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Billion)
Figure 29. Impact of COVID-19 Pandemic in North American Country Markets
- 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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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.
Trends and growth analysis reports related to North America Predictive Vehicle Technology Market
Aug 2020
Connected Vehicle Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis By Technology (5G, 4G/LTE, 3G & 2G), Connectivity (Integrated, Tethered, Embedded), Application (Telematics, Infotainment, Driving assistance, Others) and Geography
Aug 2020
Hydrogen Fuel Cell Train Market
Size and Forecasts (2020 - 2030), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Technology (Proton Exchange Membrane Fuel Cell, Phosphoric Acid Fuel Cell, and Others), Component (Hydrogen Fuel Cell Pack, Batteries, Electric Traction Motors, and Others), Rail Type (Passenger Rail, Commuter Rail, Light Rail, Trams, Freight, and Others) and Geography
Aug 2020
Automotive High Voltage Cable Market
Forecast to 2030 - Global Analysis by Vehicle Type [Battery Electric Vehicles (BEV), Plugin Hybrid Electric Vehicles (PHEV), and Plugin Hybrid Vehicles (PHV)], Conductor Type (Copper and Aluminum), and Core Type (Multi Core and Single Core)
Aug 2020
40-Ft Electric Boat Market
Forecast to 2030 - Global Analysis by Propulsion (Pure Electric, Hybrid, and Sail Electric), Battery Type (Nickel-Based, Lead-Acid, and Lithium-Ion), Application (Fishing, Recreational, and Others), Voltage Architecture (12 V, 24 V, and 48 V), and Boat Type (Trawlers, Catamarans, Yachts, Power Cruisers, and Others)