Europe Predictive Vehicle Technology Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Hardware (ADAS, Telematics, and OBD), Vehicle Type (Commercial Vehicle and Passenger Car), Application (Proactive Alerts, and Safety and Security), and Country
Market Introduction
At present, the Europe automotive industry is experiencing significant incorporation of various advanced technologies in cars to improve the safety and efficiency of the occupants. The automakers are leveraging artificial intelligence (AI) and machine learning (ML) to realize the patterns and trends of the driver and improve the safety of the vehicle. Both technologies are ready to become a vital part of upcoming vehicles and the automotive industry. In the race of connected cars and self-driving vehicles, predictive vehicle technologies are gaining acceptance among all auto types, which offers notable convenience to the driver and passengers. Therefore, the automakers are concentrating on adopting connected gadgets and IoT in vehicles that support voice commands. The integration of IoT in connected cars is the next big digital development that persists in the automotive industry. This fact will result in bringing another revolution via the introduction of autonomous vehicles. The self-driving cars/autonomous vehicles include a sensor management system that makes IoT vehicle-to-vehicle communication possible and a reality. The quick development of connected cars offers opportunities to both the automotive industry and tech companies. The factor described above of connected cars is projected to contribute towards the use of predictive technology by introducing a predictive collision avoidance system, predictive maintenance system, and more. Thus, the mass integration of AI and MI in automotive industry is expected to create a significant demand for predictive vehicle technology in the coming years, which is further anticipated to drive the predictive vehicle technology market.
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Market Overview and Dynamics
The predictive vehicle technology market in Europe is expected to grow from US$ 4.92 Mn in 2019 to US$ 11.78 Mn by 2027; it is estimated to grow at a CAGR of 14.0% from 2020 to 2027. The prevalent opportunity in pursuing in a connected car arena is data management. The connected cars are streaming massive amounts of data into the cloud, and thus to utilize extensive data, the need for predictive analysis and data analysis is growing. Predictive maintenance, predictive collision avoidance, automotive marketing, automotive marketing, and data management of connected cars are some of the growing concepts responsible for the growth of the market. This is bolstering the growth of the predictive vehicle technology market in Europe.
Factory shutdowns as due to COVID-19 crisis have caused production loss accounting for 1,465,415 motor vehicles to date, as per statement published by the Europe Automobile Manufacturers’ Association (ACEA). Also, Marelli has extended a temporary shutdown of their manufacturing activities in majority of the Europe plants. Bridgestone EMIA is also working upon either temporarily closing or lowering production in their Europe manufacturing network.
Key Market Segments
In terms of hardware, the ADS accounted for the largest share of the Europe predictive vehicle technology market in 2019. In terms of vehicle type, the passenger segment held a larger market share of the predictive vehicle technology market in 2019. Further, the safety and security segment held a larger share of the market based on application in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the Europe predictive vehicle technology market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report AISIN SEIKI Co.Ltd., Aptiv PLC, Continental AG, HELLA GmbH and Co. KGaA, NXP SEMICONDUCTORS N.V., Robert Bosch GmbH, Traffilog LTD, Visteon Corporation and ZF Friedrichshafen AG among others.
Reasons to buy report
- To understand the Europe predictive vehicle technology market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe predictive vehicle technology market.
- Efficiently plan M&A and partnership deals in Europe predictive vehicle technology market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe predictive vehicle technology market
- Obtain market revenue forecast for market by various segments from 2020-2027 in Europe.
EUROPE PREDICTIVE VEHICLE TECHNOLOGY MARKET SEGMENTATION
By Hardware
- ADS
- Telematics
- OBD
- Commercial Vehicle
- Passenger Vehicle
- Proactive Alerts
- Safety and Security
By Country
- Germany
- France
- Italy
- United Kingdom
- Russia
- Rest of Europe
Company Profiles
- AISIN SEIKI Co.Ltd.
- Aptiv PLC
- Continental AG
- HELLA GmbH and Co. KGaA
- NXP SEMICONDUCTORS N.V.
- Robert Bosch GmbH
- Traffilog LTD
- Valeo
- Visteon Corporation
- ZF Friedrichshafen AG
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Predictive Vehicle Technology Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Predictive Vehicle Technology–Market Dynamics
5.1 Market Drivers
5.1.1 Adaptation of predictive powertrain control technology in heavy vehicles
5.1.2 Mass Implementation of AI and MI in automotive industry
5.2 Market Restraints
5.2.1 Data management and security.
5.3 Market Opportunities
5.3.1 Demand for robust data management system for connected automobile.
5.4 Future Trends
5.4.1 Dawn of autonomous vehicles
5.5 Impact Analysis of Drivers and Restraints
6. Predictive Vehicle Technology Market – Europe Analysis
6.1 Predictive Vehicle Technology Market Overview
6.2 Europe Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning –Key Players
7. Predictive Vehicle Technology Market Analysis – By Hardware
7.1 Overview
7.2 Europe Predictive Vehicle Technology Market, By Hardware (2019 and 2027)
7.3 ADAS
7.3.1 Overview
7.3.2 ADAS: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Million)
7.4 Telematics
7.4.1 Overview
7.4.2 Telematics: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Million)
7.5 OBD
7.5.1 Overview
7.5.2 OBD: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Million)
8. Predictive Vehicle Technology Market Analysis – By Vehicle Type
8.1 Overview
8.2 Europe Predictive Vehicle Technology Market Breakdown, by Vehicle Type, 2019 & 2027
8.3 Commercial Vehicle
8.3.1 Overview
8.3.2 Commercial Vehicle: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Million)
8.4 Passenger Car
8.4.1 Overview
8.4.2 Passenger Car: Predictive Vehicle Technology Market Revenue and Forecast to 2027 (US$ Million)
9. Predictive Vehicle Technology Market Analysis – By Application
9.1 Overview
9.2 Europe Predictive Vehicle Technology Market Breakdown, by Application, 2019 & 2027
9.3 Proactive Alerts
9.3.1 Overview
9.3.2 Proactive Alerts Market Revenue and Forecast to 2027 (US$ Million)
9.4 Safety and Security
9.4.1 Overview
9.4.2 Safety and Security Market Revenue and Forecast to 2027 (US$ Million)
10. Predictive Vehicle Technology Market – Country Analysis
10.1 Overview
10.1.1 Europe: Predictive Vehicle Technology Market, by Country
10.1.1.1 Germany: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Billion)
10.1.1.1.1 Germany: Predictive Vehicle Technology Market, by Hardware
10.1.1.1.2 Germany: Predictive Vehicle Technology Market, by Vehicle Type
10.1.1.1.3 Germany: Predictive Vehicle Technology Market, by Application
10.1.1.2 France: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Billion)
10.1.1.2.1 France: Predictive Vehicle Technology Market, by Hardware
10.1.1.2.2 France: Predictive Vehicle Technology Market, by Vehicle Type
10.1.1.2.3 France: Predictive Vehicle Technology Market, by Application
10.1.1.3 Italy: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Billion)
10.1.1.3.1 Italy: Predictive Vehicle Technology Market, by Hardware
10.1.1.3.2 Italy: Predictive Vehicle Technology Market, by Vehicle Type
10.1.1.3.3 Italy: Predictive Vehicle Technology Market, by Application
10.1.1.4 UK: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Billion)
10.1.1.4.1 UK: Predictive Vehicle Technology Market, by Hardware
10.1.1.4.2 UK: Predictive Vehicle Technology Market, by Vehicle Type
10.1.1.4.3 UK: Predictive Vehicle Technology Market, by Application
10.1.1.5 Russia: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Billion)
10.1.1.5.1 Russia: Predictive Vehicle Technology Market, by Hardware
10.1.1.5.2 Russia: Predictive Vehicle Technology Market, by Vehicle Type
10.1.1.5.3 Russia: Predictive Vehicle Technology Market, by Application
10.1.1.6 Rest of Europe: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Billion)
10.1.1.6.1 Rest of Europe: Predictive Vehicle Technology Market, by Hardware
10.1.1.6.2 Rest of Europe: Predictive Vehicle Technology Market, by Vehicle Type
10.1.1.6.3 Rest of Europe: Predictive Vehicle Technology Market, by Application
11. Predictive Vehicle Technology Market- COVID-19 Impact Analysis
11.1 Europe
12. Industry Landscape
12.1 Market Initiative
12.2 Merger and Acquisition
12.3 New Development
13. Company Profiles
13.1 AISIN SEIKI Co.Ltd.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
13.2 Aptiv PLC
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.2.6 Key Developments
13.3 Continental AG
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.3.6 Key Developments
13.4 HELLA GmbH and Co. KGaA
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 NXP SEMICONDUCTORS N.V.
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.5.6 Key Developments
13.6 Robert Bosch GmbH
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.6.6 Key Developments
13.7 Traffilog LTD
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.7.6 Key Developments
13.8 Valeo
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.8.6 Key Developments
13.9 Visteon Corporation
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.9.6 Key Developments
13.10 ZF Friedrichshafen AG
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
13.10.6 Key Developments
14. Appendix
14.1 About The Insight Partners
14.2 Word Index
LIST OF TABLES
Table 1. Europe Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Million)
Table 2. Europe: Predictive Vehicle Technology Market, by Country – Revenue and Forecast to 2027 (US$ Billion)
Table 3. Germany: Predictive Vehicle Technology Market, by Hardware –Revenue and Forecast to 2027 (US$ Billion)
Table 4. Germany: Predictive Vehicle Technology Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Billion)
Table 5. Germany: Predictive Vehicle Technology Market, by Application –Revenue and Forecast to 2027 (US$ Billion)
Table 6. France: Predictive Vehicle Technology Market, by Hardware –Revenue and Forecast to 2027 (US$ Billion)
Table 7. France: Predictive Vehicle Technology Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Billion)
Table 8. France: Predictive Vehicle Technology Market, by Application –Revenue and Forecast to 2027 (US$ Billion)
Table 9. Italy: Predictive Vehicle Technology Market, by Hardware –Revenue and Forecast to 2027 (US$ Billion)
Table 10. Italy: Predictive Vehicle Technology Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Billion)
Table 11. Italy: Predictive Vehicle Technology Market, by Application –Revenue and Forecast to 2027 (US$ Billion)
Table 12. UK: Predictive Vehicle Technology Market, by Hardware –Revenue and Forecast to 2027 (US$ Billion)
Table 13. UK: Predictive Vehicle Technology Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Billion)
Table 14. UK: Predictive Vehicle Technology Market, by Application –Revenue and Forecast to 2027 (US$ Billion)
Table 15. Russia: Predictive Vehicle Technology Market, by Hardware –Revenue and Forecast to 2027 (US$ Billion)
Table 16. Russia: Predictive Vehicle Technology Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Billion)
Table 17. Russia: Predictive Vehicle Technology Market, by Application –Revenue and Forecast to 2027 (US$ Billion)
Table 18. Rest of Europe: Predictive Vehicle Technology Market, by Hardware –Revenue and Forecast to 2027 (US$ Billion)
Table 19. Rest of Europe: Predictive Vehicle Technology Market, by Vehicle Type –Revenue and Forecast to 2027 (US$ Billion)
Table 20. Rest of Europe: Predictive Vehicle Technology Market, by Application –Revenue and Forecast to 2027 (US$ Billion)
Table 21. List of Abbreviation
LIST OF FIGURES
Figure 1. Europe Predictive Vehicle Technology Market Segmentation
Figure 2. Europe Predictive Vehicle Technology Market Overview
Figure 3. Safety and Security Application Segment Held the Largest Share During Forecast Period
Figure 4. ADAS Hardware Segment Held the Largest Share During Forecast Period
Figure 5. Passenger Car Held the Largest Share During Forecast Period
Figure 7. Europe Predictive Vehicle Technology Market, Country Analysis
Figure 8. Europe – PEST Analysis
Figure 9. Europe Ecosystem Analysis
Figure 10. Expert Opinion
Figure 11. Europe Predictive Vehicle Technology Market Impact Analysis of Drivers and Restraints
Figure 12. Europe Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Million)
Figure 13. Europe Predictive Vehicle Technology Market Revenue Share, by Hardware (2019 and 2027)
Figure 14. Europe ADAS: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Million)
Figure 15. Europe Telematics: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Million)
Figure 16. Europe OBD: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Million)
Figure 17. Europe Predictive Vehicle Technology Market Breakdown, by Vehicle Type (2019 and 2027)
Figure 18. Europe Commercial Vehicle: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Million)
Figure 19. Europe Passenger Car Market Revenue and Forecast to 2027(US$ Million)
Figure 20. Europe Predictive Vehicle Technology Market Breakdown, by Application (2019 and 2027)
Figure 21. Europe Proactive Alerts Market Revenue and Forecast to 2027(US$ Million)
Figure 22. Europe Safety and Security Market Revenue and Forecast to 2027(US$ Million)
Figure 23. Europe: Predictive Vehicle Technology Market Revenue Share, By Key Country (2019 and 2027)
Figure 24. Germany: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Billion)
Figure 25. France: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Billion)
Figure 26. Italy: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Billion)
Figure 27. UK: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Billion)
Figure 28. Russia: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Billion)
Figure 29. Rest of Europe: Predictive Vehicle Technology Market – Revenue and Forecast to 2027 (US$ Billion)
Figure 30. Impact of COVID-19 Pandemic in Europe Country Markets
- AISIN SEIKI Co.Ltd.
- Aptiv PLC
- Continental AG
- HELLA GmbH and Co. KGaA
- NXP SEMICONDUCTORS N.V.
- Robert Bosch GmbH
- Traffilog LTD
- Valeo
- Visteon Corporation
- ZF Friedrichshafen AG
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- Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the predictive vehicle technology, as well as those hindering it.
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