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Allied Market Research

Predictive Vehicle Technology Market by Application (Maintenance Analysis, Driving Pattern Analysis, Predictive Smart Parking, Proactive alerts, and Safety & Security), Hardware (ADAS component, OBD, and Telematics), Deployment (On Premise and Cloud), and Vehicle Type (Passenger Vehicle and Commercial Vehicle): Global Opportunity Analysis and Industry Forecast, 2021–2030

A12188
Pages: NA
Sep 2021 | 108 Views
   
Author(s) : Sonia Mutreja
Tables: NA
Charts: NA
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COVID-19

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Predictive Vehicle Technology Market Outlook 2030 -

Predictive vehicle technology is a combination of artificial intelligence (AI) and machine learning (ML) used to understand the trends and operating pattern of the vehicle owner which enhances the safety of the vehicle. The tools include data mining, neural networks, system modelling, and simulation. Predictive vehicle technology personalizes the driving experience by automating the process of vehicle settings which includes the vehicle’s infotainment system and application preferences. AI and ML are an integral part of future vehicles and auto industry since, predictive technologies are gaining popularity among all the vehicle types for providing the driver with comfort and convenience.  OEMs are focusing on adoption of IoT and connected gadgets in the vehicles which can operate on voice commands. Moreover, the sensors present in the vehicle can also inform the vehicle owner whether the vehicle needs a service from a mechanic. Furthermore, the vehicle’s performance is evaluated by the predictive system on the basis of vehicle’s condition, mileage clocked, and information about safety hazards linked with malfunctioning of vehicles. Thus, the data from the system helps to reduce the downtime of finding the fault in the vehicle and repair the same.

Market Scope and Structure Analysis:

Report Metric

Details

 Market size available for years

 2020–2030

 Base year considered

 2020

 Forecast period

 2021–2030

 Forecast units

 Value (USD)

 Segments covered

Application, Hardware, Deployment, Vehicle Type, and Region

 Regions covered

North America (U.S., Canada, and Mexico), Europe (Germany, France, UK, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa)

 Companies covered

Robert Bosch GmbH, International Business Machines (IBM) Corporation, Honeywell International Inc., Siemen AG, Continental AG, Aisin Seiki, Aptiv, Garrett Motion, Magna International Inc., and HARMAN International Inc.

 

COVID-19 Impact Analysis:

Predictive vehicle technology market has witnessed a downfall due to COVID-19 pandemic. The predictive vehicle technology market is an evolving sector with constant R&D which was disrupted due to lockdown. Due to the pandemic globally the manufacturing of automobile was halted thus, disrupting the supply of predictive vehicle technology. Also, unavailability of labour due to social distancing norms and other restriction which affected the production of hardware required for predictive vehicle technology. Moreover, due to slowdown of global economy and reduction in individual’s disposable income is expected to affect the demand of vehicles. Furthermore, the fall in growth of vehicles market is affecting the predictive vehicle technology market.

Top Impacting Factors

  • Rise semiconductor technology, use of artificial intelligence & machine learning, and rise in demand for autonomous vehicles is expected to drive growth of the market.
  • However, data security & integration with existing software platforms and higher cost of the technology will hamper growth of the market.
  • Rise in demand for safety & advanced features, rise in demand for connected vehicles, and rise in R&D for new technology act as an opportunity for growth of the market.  

Market Trends

Rise in demand for connected vehicles

The vehicles are equipped with various systems to detect obstacles or vehicles on road and take preventive measures such maintain the speed and distance of the vehicle from other vehicles. Also, presently the vehicles are connected to each other, and share information as per requirement which saves lag or delay and effort while travelling. Moreover, with these new technology’s vehicles are becoming safer and more secure, which leads to higher safety of drivers and vehicles. For instance, in 2017 HARMAN International Inc. has developed a cloud-based platform HARMAN Ignite. The first fully integrated cloud-based platform for developing, managing, and operating in-vehicle applications which provides good connectivity, device management, analytics, safety, and others. Thus, the demand for technologically advanced vehicles is expected to drive growth of predictive vehicle technology market.             

Key Segments Covered:

Segments

Sub-segments

 Application

  • Maintenance Analysis
  • Driving Pattern Analysis
  • Predictive Smart Parking
  • Proactive alerts
  • Safety & Security

 Hardware

  • ADAS component
  • OBD
  • Telematics

 Deployment

  • On Premise
  • Cloud

 Vehicle Type

  • Passenger Vehicle
  • Commercial Vehicle

 Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa


Key Benefits of the Report:

  • This study presents the analytical depiction of the predictive vehicle technology marketalong with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with challenges of the predictive vehicle technology market.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the predictive vehicle technology market growth scenario.
  • The report provides detailed predictive vehicle technology market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the predictive vehicle technology market research report:

  • Which are the leading market players active in the predictive vehicle technology market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the predictive vehicle technology market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
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