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Allied Market Research

Vehicle Analytics Market by Component (Software and Service), by Deployment (On-premise and Cloud), by Application (Predictive Maintenance, Warranty Analytics, Traffic Management, Safety & Security Management, Driver & User Behavior Analysis, Dealer Performance Analysis, Infotainment, Usage-Based Insurance, and Road Charging), by End user (Original Equipment Manufacturers (OEMs), Service Providers, Automotive Dealers, Fleet Owners, Regulatory Bodies, and Insurers), and Vehicle Type (Passenger Vehicle, Commercial Vehicle, and Electric Vehicle): Global Opportunity Analysis and Industry Forecast, 2020–2027

A09115
Pages: NA
Dec 2020 | 36 Views
 
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COVID-19

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Vehicle Analytics Market Outlook – 2027 

The massive integration of information technology in vehicles have changed the dynamics of the automotive industry. Moreover, introduction of analytics in vehicles has led to numerous innovations like traffic management, predictive maintenance and infotainment, and others. Vehicles are nowadays equipped with variety of sensors and generate huge amount of data like vehicle position, rotation, acceleration, vehicle speed, wheel speed, engine oil temperature, or steering wheel angle. The functioning of modern vehicles requires a lot of data generated with the help of advanced technologies. With increasing features like GPS navigation, smart technologies, and cloud computing the importance of vehicle analytics has become immense.

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

 2020–2027

  Forecast units

  Value (USD)

  Segments covered

  Component, deployment, application, end user, vehicle type

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM) and The Middle East and Africa

  Companies covered

SAP SE, IBM Corporation, Microsoft Corporation, Harman International Industries Inc., Inseego corporation, Genetec Inc., INQUIRON LTD, Acerta Systems Analytics Inc., IMS, CloudMade

 

COVID-19 scenario analysis: 

  • Manufacturing units around the world have been shut down and footfall in showrooms have fallen sharply. This, in turn, has affected the sales of vehicles
  • Vehicle analytics market which is dependent on sales and demands of vehicles is anticipated to hamper due to novel coronavirus. 
  • Majority of auto events have been postponed and automakers are planning new strategies to solve the challenge imposed by the pandemic.
  • Moreover, the market for vehicle analytics would be impacted as analytics is used in majority of luxury vehicles and the sales of expensive vehicles is expected to drop due to decreased consumer spending.
  • Additionally, disrupted supply chain and stoppage of exports would impact the vehicle analytics market.

Top impacting factors: market scenario analysis, trends, drivers and impact analysis

Increase in use of advanced driver assistance system and upgraded infotainment systems in vehicles are propelling the vehicle analytics market. Additionally, increasing internet reach and high-speed connectivity is favoring the demand. Besides, growing connected vehicle technologies and fleet management application is surging the market. Likewise, vehicle analytics systems are making the most of big data for real time insights. Moreover, increase in sales autonomous and semi-autonomous cars are boosting the vehicle analytics market. However, high cost of vehicle and burgeoning threat from hackers would affect the vehicle analytics market. Furthermore, demand for safer and efficient driving experience is fueling the market growth.

The vehicle analytics market trends are as follows:

Growth of connected cars

Internet has revolutionized vehicle riding experience and attracting more customers with navigation technology, in-car entertainment and driverless cars. The OEMs are designing cars that will feature advanced technologies, which serve the purpose of connected car. Recently, SAP launched data analytics application for connected vehicles which will collect, store, map and analyze real-time sensor data from vehicles and equipment. Also, Ericsson is building its Connected Vehicle Cloud on top of the Microsoft Connected Vehicle Platform that is running on the Microsoft Azure cloud platform

Proliferation in the use of fleet management

With increase in use of business such as car-rental system and logistics and supply chain, there is surge in use of fleet management application. The cloud-based fleet management helps the vehicle operator to keep the vehicle manageable with variety of instruments like driver and car management, as well as inspection of equipment. Nowadays, Fleet management users are growing rapidly as it assists in monitoring vehicle diagnostics, driver behaviors and location data in real time. With rise in adoption of fleet management, the vehicle analytics market will grow simultaneously.

Key segments covered:

Segments

Sub-segments

 Component

  • Software
  • Service

  Deployment

  • On-premise
  • Cloud

  Application

  • Predictive Maintenance
  • Warranty Analytics
  • Traffic Management
  • Safety and Security Management
  • Driver and User Behavior Analysis
  • Dealer Performance Analysis
  • Infotainment
  • Usage-Based Insurance
  • Road Charging

  End user

  • Original Equipment Manufacturers (OEMs)
  • Service Providers
  • Automotive Dealers
  • Fleet Owners
  • Regulatory Bodies
  • Insurers

  Vehicle type

  • Passenger vehicle
  • Commercial vehicle
  • Electric vehicle

 

Key benefits of the report:

  • This study presents the analytical depiction of the vehicle analytics industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report provides a detailed market analysis based on competitive intensity and how the competition will take shape in coming years. 
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the vehicle analytics market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 

Questions answered in the vehicle analytics market research report:

  • What are the leading market players active in the vehicle analytics market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the 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:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


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


Primary research
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)


Analyst tools and models
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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