Proactive Alerts Segment to Dominate MEA Predictive Vehicle Technology Market during the forecast period (2020 – 2027)

According to a new market research study on “MEA Predictive Vehicle Technology Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Hardware, Vehicle Type, and Application,” is expected to reach US$ 1.73 million by 2027 from US$ 0.91 million in 2019. The market is estimated to grow at a CAGR of 10.7% from 2020 to 2027. The report provides trends prevailing in the MEA predictive vehicle technology market along with the drivers and restraints pertaining to the market growth. Adoption of predictive powertrain control in heavy commercial vehicles is the major factor driving the growth of the MEA predictive vehicle technology market. However, predictive vehicle technology causing significant problems hinder the growth of MEA predictive vehicle technology market.

In MEA, South Africa has the highest number of COVID-19 confirmed cases, followed by Saudi Arabia and UAE among other countries. UAE was the first country in MEA to report a confirmed case of coronavirus. The majority of the business in these countries has come to a halt and is expected to continue slower than usual. The automotive industry is some of the victim of COVID-19, and since the start of 2020, these industries have been reflecting declining trend. The automotive industry requires a significant number of human labours, and on the contrary, the COVID-19 virus is spreading through human involvement, the sector is unable to function correctly. The declining trend in the automotive industry is reflecting a negative impact on the predictive vehicle market.

The market for predictive vehicle technology market is segmented into hardware, vehicle type, application, and country. Based on hardware, the market is segmented into ADAS, Telematics, and OBD. In 2019, the ADAS segment held the largest share in MEA predictive vehicle technology market. On the basis of vehicle type the market is segmented into commercial vehicle and passenger car. The passenger car segment accounts for largest market share in the 2019. Similarly, based on application, the market is bifurcated into proactive alerts, and safety & security. The safety & security segment contributed a substantial share in 2019.

Aptiv PLC, Continental AG, HELLA GmbH and Co. KGaA, NXP SEMICONDUCTORS N.V., Robert Bosch GmbH, Traffilog LTD, Valeo, Visteon Corporation, and ZF Friedrichshafen AG are among the leading companies in the MEA predictive vehicle technology market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2019, ZF announced the debut of ZF coPILOT, an intelligent advanced driver assistance system; ADAS leading to enhanced safety and driving comfort opportunities.

MEA Predictive Vehicle Technology Market, By Country, 2019 and 2027 (%)

The report segments the MEA Predictive Vehicle Technology market as follows:

MEA Predictive Vehicle Technology Market – By Hardware

• ADAS
• Telematics
• OBD

MEA Predictive Vehicle Technology Market – By Vehicle Type

• Commercial Vehicle
• Passenger Car

MEA Predictive Vehicle Technology Market – By Application

• Proactive Alerts
• Safety & Security

MEA Predictive Vehicle Technology Market – By Country

• South Africa
• Rest of MEA