The global predictive vehicle technology market size is expected to reach around US$ 70 Bn by 2026 and growing at a CAGR of around 19.5% during the forecast period 2019 to 2026.
Predictive Vehicle Technology is the combination of Artificial intelligence (AI) coupled with machine learning (ML) and a set of tools used for forecasting patterns from the data of previous records. The tools include data mining, neural networks, and system modeling and simulation. Predictive vehicle technology is personalizing the driving experience by automating the process of vehicle settings, including a car’s infotainment system and its application preferences. This technology can be used with sensors to inform the vehicle owners whether or not the vehicle needs service from a mechanic. The technology is able to estimate performance based on mileage and condition of the vehicle and also can inform users about the safety hazards linked with the malfunctioning of vehicles. In addition, these are basically used for the pro-active alerts and safety & security of the vehicle and user.
Market Dynamics
The increasing use of various advanced technology solutions in the automotive industry for improving the efficiency and safety concern of vehicles is primarily driving the market growth. Increasing usage of machine learning (ML) and artificial intelligence (AI) in the automotive industry is also accelerating market growth. Increasing excessive usage of real-time data for vehicular applications is further propelling the market value. In addition, the rising demand for connected vehicles is also supporting the market growth.
However, the concern associated with data security and its integration with existing software platforms is likely to hamper the market growth. Whereas, predictive vehicle technology is a key to fleet management in emerging countries is a factor likely to create demand over the forecast period. The emergence of appropriate insurance premiums with telematics is further projected to offer an opportunity during the forecast period.
ADAS components are expected to dominate the hardware segment of the predictive vehicle market during the forecast period
Advanced Driver Assistance Systems (ADAS) are projected to dominate the hardware segment over the forecast period. The ADAS components include various sensors like LiDAR, radar, ultrasonic sensors, and cameras. The various features associated with the ADAS such as adaptive cruise control, glare-free high beam and pixel light, anti-lock braking system, automatic parking, an automotive navigation system, automotive night vision, blind-spot detection system, and collision avoidance system are further supporting the segment growth.
On-premise is projected to be the largest deployment type over the forecast period
The on-premise segment is likely to dominate the market over the forecast period. The increasing demand for various applications such as parking management and emission analytics is also supporting segment growth. The increasing demand for enhancing driver productivity and the need to reduce the operational cost is driving the demand for predictive software and services.
By vehicle type, passenger cars segment is likely to dominate the market during the forecast period
The passenger car segment is projected to lead the vehicle type segment over the forecast period owing to increasing sales of passenger cars across the globe. The increasing disposable income of consumers globally is driving the segment growth. The increasing demand for electric vehicles by consumers along with the several restrictions imposed by the government on the emissions of vehicles is accelerating the market growth. The rising environmental concern due to increasing carbon footprints is further supporting the market growth.
The market research study on “Predictive Vehicle Technology Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2019 – 2026”, offers a detailed insight on the global predictive vehicle technology market entailing insights on its different market segments. Market dynamics with drivers, restraints, and opportunities with their impact are provided in the report. The report provides insights into the global predictive vehicle technology market, its product type, application, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global Predictive Vehicle Technology market size and volume, and segment markets by hardware, vehicle type, deployment, application, and geography along with the information on companies operating in the market. The predictive vehicle technology market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
Asia Pacific is projected to register the highest growth over the forecast period
The Asia Pacific region is anticipated to account largest market share during the forecast period. The region is experiencing substantial growth owing to the presence of the rapidly growing economies like China and India. Also, China is the world’s largest producer of automobiles followed by the U.S. and Japan. The increasing purchasing power of individuals coupled with the rising disposable income is favoring the market growth. The increasing sales of commercial and passenger vehicles in the region are further supporting the regional market growth.
The players profiled in the report include General Electric Company, Siemens AG, Microsoft Corporation, International Business Machines (IBM) Corporation, Thales S.A., Emerson Electric Co., and Bosch Software Innovations GmbH among others. The key players are involved in mergers and acquisitions and partnerships and new product development for the expansion of market share. Also, the companies are coming up with more advanced technological solutions for improving the user experience.
Market Segmentation
Market By Hardware
Market By Vehicle Type
- Passenger Cars
- Commercial Vehicles
Market By Deployment
Market By Application
- Maintenance Analysis
- Driving Pattern Analysis
- Predictive Smart Parking
- Others
Market By Geography
North America
Europe
- U.K.
- Germany
- France
- Spain
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table Of Content:
CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Predictive Vehicle Technology
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Predictive Vehicle Technology Market By Hardware
1.2.2.1. Global Predictive Vehicle Technology Market Revenue and Growth Rate Comparison By Hardware (2015-2026)
1.2.2.2. Global Predictive Vehicle Technology Market Revenue Share By Hardware in 2018
1.2.2.3. ADAS
1.2.2.4. Telematics
1.2.2.5. OBD
1.2.3. Predictive Vehicle Technology Market By Vehicle Type
1.2.3.1. Global Predictive Vehicle Technology Market Revenue and Growth Rate Comparison By Vehicle Type (2015-2026)
1.2.3.2. Passenger Cars
1.2.3.3. Commercial Vehicles
1.2.4. Predictive Vehicle Technology Market By Deployment
1.2.4.1. Global Predictive Vehicle Technology Market Revenue and Growth Rate Comparison By Deployment (2015-2026)
1.2.4.2. On-Premise
1.2.4.3. Cloud
1.2.5. Predictive Vehicle Technology Market By Application
1.2.5.1. Global Predictive Vehicle Technology Market Revenue and Growth Rate Comparison By Application (2015-2026)
1.2.5.2. Maintenance Analysis
1.2.5.3. Driving Pattern Analysis
1.2.5.4. Predictive Smart Parking
1.2.5.5. Others
1.2.6. Predictive Vehicle Technology Market By Geography
1.2.6.1. Global Predictive Vehicle Technology Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.6.2. North America Predictive Vehicle Technology Market Revenue and Growth Rate(2015-2026)
1.2.6.3. Europe Predictive Vehicle Technology Market Revenue and Growth Rate(2015-2026)
1.2.6.4. Asia-Pacific Predictive Vehicle Technology Market Revenue and Growth Rate(2015-2026)
1.2.6.5. Latin America Predictive Vehicle Technology Market Revenue and Growth Rate(2015-2026)
1.2.6.6. Middle East and Africa (MEA) Predictive Vehicle Technology Market Revenue and Growth Rate(2015-2026)
CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2018
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players
CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Predictive Vehicle Technology Major Manufacturers in 2018
3.2. Manufacturing Plants Distribution of Global Predictive Vehicle Technology Major Manufacturers in 2018
3.3. R&D Status and Technology Source of Global Predictive Vehicle Technology Major Manufacturers in 2018
3.4. Raw Materials Sources Analysis of Global Predictive Vehicle Technology Major Manufacturers in 2018
CHAPTER 4. PREDICTIVE VEHICLE TECHNOLOGY MARKET BY HARDWARE
4.1. Global Predictive Vehicle Technology Revenue By Hardware
4.2. ADAS
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Telematics
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. OBD
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 5. PREDICTIVE VEHICLE TECHNOLOGY MARKET BY VEHICLE TYPE
5.1. Global Predictive Vehicle Technology Revenue By Vehicle Type
5.2. Passenger Cars
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Commercial Vehicles
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 6. PREDICTIVE VEHICLE TECHNOLOGY MARKET BY DEPLOYMENT
6.1. Global Predictive Vehicle Technology Revenue By Deployment
6.2. On-Premise
6.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.3. Cloud
6.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 7. PREDICTIVE VEHICLE TECHNOLOGY MARKET BY APPLICATION
7.1. Global Predictive Vehicle Technology Revenue By Application
7.2. Maintenance Analysis
7.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
7.3. Driving Pattern Analysis
7.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
7.4. Predictive Smart Parking
7.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
7.5. Others
7.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
CHAPTER 8. NORTH AMERICA PREDICTIVE VEHICLE TECHNOLOGY MARKET BY COUNTRY
8.1. North America Predictive Vehicle Technology Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. North America Predictive Vehicle Technology Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. U.S.
8.3.1. U.S. Predictive Vehicle Technology Market Revenue and Forecast By Hardware, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
8.3.3. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
8.3.4. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
8.4. Canada
8.4.1. Market Revenue and Forecast By Hardware, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
8.4.3. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
8.4.4. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 9. EUROPE PREDICTIVE VEHICLE TECHNOLOGY MARKET BY COUNTRY
9.1. Europe Predictive Vehicle Technology Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Europe Predictive Vehicle Technology Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. UK
9.3.1. Market Revenue and Forecast By Hardware, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
9.3.3. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
9.3.4. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.4. Germany
9.4.1. Market Revenue and Forecast By Hardware, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
9.4.3. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
9.4.4. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.5. France
9.5.1. Market Revenue and Forecast By Hardware, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
9.5.3. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
9.5.4. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.6. Spain
9.6.1. Market Revenue and Forecast By Hardware, 2015 - 2026 ($Million)
9.6.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
9.6.3. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
9.6.4. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
9.7. Rest of Europe
9.7.1. Market Revenue and Forecast By Hardware, 2015 - 2026 ($Million)
9.7.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
9.7.3. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
9.7.4. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 10. ASIA-PACIFIC PREDICTIVE VEHICLE TECHNOLOGY MARKET BY COUNTRY
10.1. Asia-Pacific Predictive Vehicle Technology Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Asia-Pacific Predictive Vehicle Technology Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. China
10.3.1. Market Revenue and Forecast By Hardware, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
10.3.3. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
10.3.4. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.4. Japan
10.4.1. Market Revenue and Forecast By Hardware, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
10.4.3. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
10.4.4. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.5. India
10.5.1. Market Revenue and Forecast By Hardware, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
10.5.3. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
10.5.4. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.6. Australia
10.6.1. Market Revenue and Forecast By Hardware, 2015 - 2026 ($Million)
10.6.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
10.6.3. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
10.6.4. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.7. South Korea
10.7.1. Market Revenue and Forecast By Hardware, 2015 - 2026 ($Million)
10.7.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
10.7.3. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
10.7.4. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
10.8. Rest of Asia-Pacific
10.8.1. Market Revenue and Forecast By Hardware, 2015 - 2026 ($Million)
10.8.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
10.8.3. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
10.8.4. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 11. LATIN AMERICA PREDICTIVE VEHICLE TECHNOLOGY MARKET BY COUNTRY
11.1. Latin America Predictive Vehicle Technology Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Latin America Predictive Vehicle Technology Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. Brazil
11.3.1. Market Revenue and Forecast By Hardware, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
11.3.3. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
11.3.4. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.4. Mexico
11.4.1. Market Revenue and Forecast By Hardware, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
11.4.3. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
11.4.4. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
11.5. Rest of Latin America
11.5.1. Market Revenue and Forecast By Hardware, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
11.5.3. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
11.5.4. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 12. MIDDLE EAST & AFRICA PREDICTIVE VEHICLE TECHNOLOGY MARKET BY COUNTRY
12.1. Middle East & Africa Predictive Vehicle Technology Market Revenue and Growth Rate, 2015 - 2026 ($Million)
12.2. Middle East & Africa Predictive Vehicle Technology Market Revenue Share Comparison, 2015 & 2026 (%)
12.3. GCC
12.3.1. Market Revenue and Forecast By Hardware, 2015 - 2026 ($Million)
12.3.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
12.3.3. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
12.3.4. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
12.4. South Africa
12.4.1. Market Revenue and Forecast By Hardware, 2015 - 2026 ($Million)
12.4.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
12.4.3. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
12.4.4. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
12.5. Rest of Middle East & Africa
12.5.1. Market Revenue and Forecast By Hardware, 2015 - 2026 ($Million)
12.5.2. Market Revenue and Forecast By Vehicle Type, 2015 - 2026 ($Million)
12.5.3. Market Revenue and Forecast By Deployment, 2015 - 2026 ($Million)
12.5.4. Market Revenue and Forecast By Application, 2015 - 2026 ($Million)
CHAPTER 13. COMPANY PROFILE
13.1. General Electric Company
13.1.1. Company Snapshot
13.1.2. Overview
13.1.3. Financial Overview
13.1.4. Type Portfolio
13.1.5. Key Developments
13.1.6. Strategies
13.2. Siemens AG
13.2.1. Company Snapshot
13.2.2. Overview
13.2.3. Financial Overview
13.2.4. Type Portfolio
13.2.5. Key Developments
13.2.6. Strategies
13.3. Microsoft Corporation
13.3.1. Company Snapshot
13.3.2. Overview
13.3.3. Financial Overview
13.3.4. Type Portfolio
13.3.5. Key Developments
13.3.6. Strategies
13.4. International Business Machines (IBM) Corporation
13.4.1. Company Snapshot
13.4.2. Overview
13.4.3. Financial Overview
13.4.4. Type Portfolio
13.4.5. Key Developments
13.4.6. Strategies
13.5. Thales S.A.
13.5.1. Company Snapshot
13.5.2. Overview
13.5.3. Financial Overview
13.5.4. Type Portfolio
13.5.5. Key Developments
13.5.6. Strategies
13.6. Emerson Electric Co.
13.6.1. Company Snapshot
13.6.2. Overview
13.6.3. Financial Overview
13.6.4. Type Portfolio
13.6.5. Key Developments
13.6.6. Strategies
13.7. Bosch Software Innovations GmbH
13.7.1. Company Snapshot
13.7.2. Overview
13.7.3. Financial Overview
13.7.4. Type Portfolio
13.7.5. Key Developments
13.7.6. Strategies
13.8. Others
13.8.1. Company Snapshot
13.8.2. Overview
13.8.3. Financial Overview
13.8.4. Type Portfolio
13.8.5. Key Developments
13.8.6. Strategies
CHAPTER 14. RESEARCH APPROACH
14.1. Research Methodology
14.1.1. Initial Data Search
14.1.2. Secondary Research
14.1.3. Primary Research
14.2. Assumptions and Scope
