Learn about the global predictive vehicle technology market through The Business Research Company, which provides information on predictive vehicle technology market size, predictive vehicle technology market drivers and restraints, predictive vehicle technology market players, the COVID-19 impact on the predictive vehicle technology market, and more.

The global predictive vehicle technology market size is expected to grow from $25.35 billion in 2021 to $30.02 billion in 2022 at a compound annual growth rate (CAGR) of 18.41%. The global predictive vehicle technologies market size is expected to reach $60.40 billion in 2026 at a CAGR of 19.10%.

The rising demand for technologically advanced vehicles propels the growth of the predictive vehicle technology market.

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The predictive vehicle technology market consists of sales of predictive vehicle technologies by entities (organizations, sole traders, and partnerships) that refer to a set of vehicle technologies that incorporate prophetic analytics with the use of both real-time and historical data to predict vehicle behaviour, and faults that might hamper vehicles if not corrected in real-time. Predictive vehicle technology uses artificial intelligence (AI) and machine learning (ML) to understand the trends and operating patterns of the vehicle owner which enhances the safety of the vehicle.

Global predictive vehicle technology market segments include:

By Component: Hardware, ADAS, OBD, Telematics

By Vehicle Type: Passenger Vehicle, Commercial Vehicle

By Deployment: On-Premise, Cloud

By Application: Proactive Alerts, Safety and Security, Maintenance Analysis, Predictive Smart Parking

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia-Pacific was the largest region in the predictive vehicle technology market in 2021

Technological advancement is a key trend gaining popularity in the predictive vehicle technology market. Major companies operating in the predictive vehicle technology market are focused on providing new technological solutions/upgrades in predictive vehicle technology to strengthen their position in the market. Predictive vehicle technology also uses hardware components such as ADAS (advanced driver assistance) components, telematics, and onboard diagnostics (OBD) port to predict vehicle behaviour and assist the driver. These latest technologies help in ensuring the safety of vehicles.

TBRC’s predictive vehicle technology market report covers:

Major Market Players: Bosch, Continental AG, Valeo, Garrett Motion Inc, Aisin Corporation, Aptiv, Hella KGaA Hueck & Co, Huawei Technologies Co Ltd, Infineon Technologies AG, KPIT Technologies Limited, NXP Semiconductors NV, Qualcomm Technologies Inc, Samsung Electronics Co Ltd, Sierra Wireless Inc, Cisco Systems Inc, CloudMade, Cohda Wireless Pty Ltd and Embitel Technologies.

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)

The Predictive Vehicle Technology Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026 is one of a series of new reports from The Business Research Company that provides predictive vehicle technology market overviews, analyzes and forecasts market size, share, predictive vehicle technology market players, predictive vehicle technology market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s predictive vehicle technology market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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