Home > Automotive > Automotive Technology > Automotive Software > Automotive Predictive Technology Market

Automotive Predictive Technology Market Trends

Report ID: GMI3997
Published Date: May 2023
Report Format: PDF

Download Free Sample

Automotive Predictive Technology Market Trends

The rising adoption of connected vehicles is a key factor propelling the demand & use of predictive technology in the automotive industry. Connected vehicles are equipped with various sensors, telematics systems, and communication capabilities that allow them to collect & transmit information in real time. This information includes vehicle operation, driving behavior, location, and weather details. Connected cars are constantly collecting information about the health & performance of various vehicle components. Predictive technology analyzes this data to identify patterns & anomalies, leading to the prediction of failures or maintenance requirements. Predictive tools prevent accidents, reduce downtime, and increase vehicle reliability & life by scheduling maintenance & repairs

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automotive predictive technology crossed USD 44 billion in 2022 and is poised to depict 8% CAGR during 2023-2032 driven by increasing adoption of Artificial Intelligence (AI) and Machine Learning (ML)

Automotive predictive technology industry share from the safety & security application segment may surpass USD 25 billion by 2032 due to the rising analysis of vehicle sensors as well as environmental & historical data to predict & prevent accidents, reduce risks, and increase vehicle safety

Asia Pacific automotive predictive technology industry size is poised to attain 10% gains between 2023 and 2032 owing to the presence of large auto industries in China, Japan, India, and South Korea

On-premise automotive predictive technology industry share is estimated to witness significant growth till 2032 due to the surging need to manage complete data security & privacy.

Aisin Seiki, Aptiv PLC, Continental AG, Garrett Motion Inc., HARMAN International, Honeywell International Inc., Infineon Technologies AG, Magna International, NXP Semiconductor, Robert Bosch GmbH, Siemens AG, Valeo SA, Verizon, Visteon Corporation, and ZF Friedrichshafen AG.