Market Introduction
At present, the 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. Thus, increasing use of predictive powertrain control in heavy vehicles could stipulate the for predictive vehicle technology in the coming years, which would ultimately lead in growth of the predictive vehicle technology market. The recent COVID-19 has been very devastating in the North America region. US has the higher number of confirmed cases of coronavirus, as, compared to Canada and Mexico. The fast increase in the number of confirmed cases and rising reported deaths are likely to impact the businesses operating in this region. Due to the COVID-19 outbreak in the region, the supply chain and sales are getting affected. In addition to this, the overall manufacturing processes, research, and development activities will also get affected in the short term.
Market Overview and Dynamics
The predictive vehicle technology market in North America is expected to grow from US$ 3.90 Mn in 2019 to US$ 8.52 Mn by 2027; it is estimated to grow at a CAGR of 12.68% 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. Urge to confirm proper data management in connected cars will help in steep growth of the predictive vehicle technology market.
Key Market Segments
In terms of hardware, the ADAS segment accounted for the largest share of the North America predictive vehicle technology market in 2019. In terms of vehicle type, the passenger car 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 end user in 2019.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the the predictive vehicle technology market in North America are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are AISIN SEIKI Co.Ltd., Aptiv PLC, Continental AG, HELLA GmbH and Co. KGaA, NXP SEMICONDUCTORS N.V., Robert Bosch GmbH, Valeo, Visteon Corporation, and ZF Friedrichshafen AG among others.
Reasons to buy report
- To understand the 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 North America predictive vehicle technology market.
- Efficiently plan M&A and partnership deals in North America 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 North America predictive vehicle technology market.
- Obtain market revenue forecast for market by various segments from 2020-2027 in North America region.
NORTH AMERICA PREDICTIVE VEHICLE TECHNOLOGY SEGMENTATION
- ADAS
- Telematics
- OBD
- Commercial Vehicle
- Passenger Car
- Proactive Alerts
- Safety and Security
By Country
- US
- Canada
- Mexico
Company Profiles
- AISIN SEIKI Co.Ltd.
- Aptiv PLC
- Continental AG
- HELLA GmbH and Co. KGaA
- NXP SEMICONDUCTORS N.V.
- Robert Bosch GmbH
- Valeo
- Visteon Corporation
- ZF Friedrichshafen AG
North America Predictive Vehicle Technology Market Strategic Insights
North America Predictive Vehicle Technology Market Report Highlights
| Report Attribute | Details |
| Market size in 2019 | US$ 3.90 Million |
| Market Size by 2027 | US$ 8.52 Million |
| CAGR (2020 - 2027) | 12.68% |
| Historical Data | 2017-2018 |
| Forecast period | 2020-2027 |
| Segments Covered |
By Hardware
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Regions and Countries Covered
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| North America | US, Canada, Mexico |
| Market leaders and key company profiles |
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North America Predictive Vehicle Technology Market Country and Regional Insights
