Automotive Predictive Technology Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Automotive Predictive Technology Market is segmented by Hardware (ADAS, On-board Diagnosis and Others), Vehicle type (Passenger Cars and Commercial Vehicles), by End user type (Fleet owners, Insurers and Others) and by Geography.

Market Snapshot

Automotive Predictive Technology Market_Overview
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: >10 %

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Market Overview

The Automotive Predictive Technology Market is anticipated to register a CAGR of about 10%, during the forecast period.

  • The major factors that will drive the growth during the forecast period are adaption of predictive technologies like artificial intelligence and machine learning. These technologies can be used for predicting various maintenance and failure related situations pertaining to vehicles.
  • Rising demand for technologically advanced vehicles will drive further growth of predictive technology market in automotive. The developments in connected and autonomous vehicles will also further drive the market.
  • Due to the Covid-19 situation, the economic activities have come to a standstill. Many people are expected to lose their jobs or pay cuts. This will affect the demand side of the automotive for some time during the forecast period. But this situation is expected to become normal shortly after the situation comes to be under control.

Scope of the Report

The Automotive Predictive Technology Market covers the latest trends and technological development in the Automotive Predictive Technology demand of the Hardware (ADAS, On-board Diagnosis and Others), Vehicle type (Passenger Cars and Commercial Vehicles), by End user type (Fleet owners, Insurers and Others) and by Geography.

Vehicle Type
Passenger Vehicles
Commercial Vehicles
End user Type
Fleet Owners
Insurers
others
Hardware
ADAS
On Board Diagnosis
Others
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Rest of Europe
Asia Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Brazil
Mexico
United Arab Emirates
Other Countries

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Key Market Trends

ADAS Segment is Expected to be the Market Leader

By Hardware type, ADAS segment is expected to be the market leader during the forecast period. The Advanced Driver Assistance Systems consist of sensors, radars and cameras that provide assistance to the driver in avoiding any possible accident or collision. The leading OEMs around the world are spending heavily on technology to improve these systems as end users are very much concerned about the safety of themselves while in the automobile due to the increasing number of road accidents. In lieu of this, in March 2020, Hyundai and Aptiv entered into a joint venture to provide solutions for robo-taxi providers, fleet operators and automotive manufacturers with an aim to make mobility safer, green, more connected and accessible. All these developments are expected to help this segment grow.

Automotive Predictive Technology Market_Key Market Trend1

Asia-Pacific is Expected to be the Market Leader

The region accounts for almost 60% of world’s population as well as major developing economies of the world like China, India. During the forecast period Asia-Pacific nations are expected to grow considerably which might see an increased demand for automobiles in the region. Also, people in this geography are replacing vehicles at a faster rate than it was a few years ago. The newer vehicles are almost always better and more equipped vehicles. And these better equipped vehicles are expected to feature different ADAS systems. Furthermore, manufacturers are bringing ADAS technology to mid and affordable vehicle classes. These factors will drive the demand for automotive predictive technology in the region. The region also accounts for many big players in the industry who are spending heavily on research and development of predictive technology to innovate new products.

Automotive Predictive Technology Market_Key Market Trend2

Competitive Landscape

The Automotive Predictive Technology market is fragmented, with several players vying for significant amounts of shares in the market. Some of the prominent companies in the automotive predictive technology market are Continental AG, Aptiv, Harman, Visteon and others.  In this market some vehicle manufacturers are also developing predictive technologies. For instance, in February 2020, Hyundai and Kia developed the world’s first predictive gear shift technology.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porters Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Vehicle Type

      1. 5.1.1 Passenger Vehicles

      2. 5.1.2 Commercial Vehicles

    2. 5.2 End user Type

      1. 5.2.1 Fleet Owners

      2. 5.2.2 Insurers

      3. 5.2.3 others

    3. 5.3 Hardware

      1. 5.3.1 ADAS

      2. 5.3.2 On Board Diagnosis

      3. 5.3.3 Others

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

        3. 5.4.1.3 Rest of North America

      2. 5.4.2 Europe

        1. 5.4.2.1 Germany

        2. 5.4.2.2 United Kingdom

        3. 5.4.2.3 France

        4. 5.4.2.4 Rest of Europe

      3. 5.4.3 Asia Pacific

        1. 5.4.3.1 India

        2. 5.4.3.2 China

        3. 5.4.3.3 Japan

        4. 5.4.3.4 South Korea

        5. 5.4.3.5 Rest of Asia-Pacific

      4. 5.4.4 Rest of the World

        1. 5.4.4.1 Brazil

        2. 5.4.4.2 Mexico

        3. 5.4.4.3 United Arab Emirates

        4. 5.4.4.4 Other Countries

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Vendor Market Share

    2. 6.2 Company Profiles

      1. 6.2.1 Continental

      2. 6.2.2 Aptiv

      3. 6.2.3 Garrett Motion

      4. 6.2.4 Harman

      5. 6.2.5 Visteon

      6. 6.2.6 ZF

      7. 6.2.7 Valeo

      8. 6.2.8 Bosch

      9. 6.2.9 Verizon

      10. 6.2.10 Infineon

  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Automotive Predictive Technology Market market is studied from 2018 - 2026.

The Automotive Predictive Technology Market is growing at a CAGR of >10% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

Continental AG, Aptiv , Harman , Visteon , Bosch are the major companies operating in Automotive Predictive Technology Market.

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