Market Overview:
Predictive vehicle technology can be used as sensors in a car that alerts the owner whenever the vehicle requires servicing. Counting on car's condition and mileage, the technology is going to be ready to evaluate vehicle performance, found out meeting/appointments in actual time and inform users of any safety risks linked with a malfunctioning car thanks to company recalls. However, most of the carmakers are influenced that predictive technology is economically and logistically reasonable. Also, this technology helps individual companies and customer to avoid vehicle downtime and may offer other insights regarding automotive usage patterns and part wear.
Recent Developments:
German technology industry Bosch has recently introduced a replacement interior monitoring system featuring cameras and AI which it hopes will make better driver and passenger safety.
Autonomous cars are recently hitting the headlines and dominating tech-talks. they're seen as a post-Uber disruption to public commute and transportation of products. Surely they're no figment of imagination within the age of AI (AI), which is getting used to enrich driverless cars.
Wind River has come up with collaboration plans with Hyundai Autron to develop a software framework for safe, automated and autonomous driving leveraging property from Wind River's automotive software portfolio and therefore the HYUNDAI AUTRON product offering.
Drivers and Restraints of Predictive Vehicle Technology:
Drivers:
Increasing of machine learning within the automotive industry and high usage of real-time data for vehicular applications are a number of the factors fuelling the market growth. Moreover, issues related to data security and its integration with existing software platforms are among the restraining factors for the market. However, the growing number of the vehicle combined with increasing demand for vehicle security & fuel optimization is providing opportunities for business growth.
Restraints:
Issues related to data security and integration of real-time data are restraining the expansion of predictive vehicle technology market during the foreseen period.
Market Segmentation:
By Vehicle Type:
The commercial vehicle segment is prognosticated to dominate the global predictive vehicle technology market during the foreseen period. The utilization of telematics in commercial vehicles is rising because it contributes to the safety of the automobiles. It offers satellite navigation, GPS tracking, and infotainment options. The choice to watch the situation of a vehicle in real-time is beneficial for informing drivers about the traffic, accidents, weather concerns, and congestions. Government regulations in several emerged countries are supportive of and sometimes mandate the inclusion of commercial telematics in new vehicles, helping the worldwide business. These factors have promoted the rapid growth of the commercial vehicle sector.
However, the increase in income of consumers has pushed the demand for passenger cars, which, in turn, has driven the expansion of the global predictive vehicle technology market. The passenger car segment is anticipated to carry the most significant share within the predictive vehicle technology market. The marketplace for predictive vehicle technology in passenger cars is predicted to grow at a high rate, particularly in developing nations of Asia Pacific. Moreover, the increasing demand for electric vehicles by consumers and a number of other amendments in transport policies by various governments to control harmful carbon emissions are suspected of driving the expansion of the passenger vehicle segment.
By Deployment:
The ADAS component is likely to be the most important market during the foreseen period. ADAS components comprise radar, LiDAR, ultrasonic sensors, and cameras. These sensors are wont to sense the info and send it for further processing. These sensors are often utilized in isolation or with a mixture in various ADAS applications. Leading automakers across the planet are integrating advanced features in passenger and commercial vehicles to reinforce vehicle safety performance
By Hardware:
By Application:
Safety and security, within the coming years, is probably going to be integrated as an ADAS function by automakers globally. These functions are mainly intended to help the driving force by offering predictive signals. Vehicle occupants in developed countries are demanding such features in their vehicles. On the opposite hand, OEMs are offering these features in their cars in developing regions. The expansion of the safety & security segment is supported by government mandates as a traffic jam may be a huge issue in every area, thereby driving the development of the section.
Predictive Vehicle Technology Market Region wise analysis:
Marked Segmentation based on the region:
a. Middle East
b. Africa
Europe is home to leading vehicle makers and has been at the forefront of early taking on of electrification in vehicles. Hence, the predictive technology features in Europe are expected to realize traction during the outlook period. The Asia Pacific region is supposed to be the most significant market. The area comprises a number of the fastest developing economies of the planet like China and India. Also, the Asia Pacific region is that the largest marketplace for automotive because of the increasing disposable income of consumers has triggered the demand for automobiles within the area.
Moreover, the increasing sales of commercial vehicles and passenger cars within the region are driving the expansion of the business. The countries within the area are supporting the inclusion of commercial telematics in new cars, helping the worldwide market. Many European and North American companies are entering the untapped markets to meet the demand for advanced telematics solutions within the region. Thus, Asia Pacific predictive vehicle technology market is estimated to point out incremental growth during the outlook period.
Key Players of Market:
Some of the major key players in the Global Predictive Vehicle Technology market are General Electric Company, Siemens AG, Microsoft Corporation, International Business Machines (IBM) Corporation, Thales S.A., Emerson Electric Co., Bosch Software Innovations GmbH, Continental AG, Magna International Inc., Harman International, etc.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Predictive Vehicle Technology Market, By Hardware
6.1.1 ADAS
6.1.2 Telematics
6.1.3 OBD
6.1.4 Market Size Estimations & Forecasts (2019-2024)
6.1.5 Y-o-Y Growth Rate Analysis
6.1.6 Market Attractiveness Index
6.2 Predictive Vehicle Technology Market, By Vehicle Type
6.2.1 Passenger Cars
6.2.2 Commercial Vehicles
6.2.3 Market Size Estimations & Forecasts (2019-2024)
6.2.4 Y-o-Y Growth Rate Analysis
6.2.5 Market Attractiveness Index
6.3 Predictive Vehicle Technology Market, By Application
6.3.1 Maintenance Analysis
6.3.2 Driving Pattern Analysis
6.3.3 Predictive Smart Parking
6.3.4 Safety & Security
6.3.5 Market Size Estimations & Forecasts (2019-2024)
6.3.6 Y-o-Y Growth Rate Analysis
6.3.7 Market Attractiveness Index
6.4 Predictive Vehicle Technology Market, By Deployment
6.4.1 On-Premise
6.4.2 Cloud
6.4.3 Market Size Estimations & Forecasts (2019-2024)
6.4.4 Y-o-Y Growth Rate Analysis
6.4.5 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Hardware
7.2.3 By Vehicle Type
7.2.4 By Application
7.2.5 By Deployment
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Hardware
7.3.3 By Vehicle Type
7.3.4 By Application
7.3.5 By Deployment
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Hardware
7.4.3 By Vehicle Type
7.4.4 By Application
7.4.5 By Deployment
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Hardware
7.5.3 By Vehicle Type
7.5.4 By Application
7.5.5 By Deployment
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Hardware
7.6.3 By Vehicle Type
7.6.4 By Application
7.6.5 By Deployment
8. Key Player Analysis
8.1 General Electric Company
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Siemens AG
8.3 Microsoft Corporation
8.4 International Business Machines (IBM) Corporation
8.5 Thales S.A.
8.6 Emerson Electric Co
8.7 Bosch Software Innovations GmbH
8.8 Continental AG
8.9 Magna International Inc
8.10 Harman International
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
