Predictive Automobile Technology Market is poised to grow substantially till 2025

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Predictive Automobile Technology Market is set to
see healthy CAGR during 2019 to 2025 Global
Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Predictive Automobile
Technology Market

• North America is expected to dominate the
  predictive automobile technology market due to
  initiatives undertaken by the government and
  automotive industry players. For instance, the
  U.S. Department of Transportation has undertaken
  the Smart City Challenge inviting organizations
  to work on smart mobility challenges in the
  country. The automotive industry is investing
  significantly in automotive technology in the
  U.S. For instance, according to the American
  Automotive Policy Council Report, in 2017, the
  U.S. automakers suppliers spent more than USD
  21 billion on the automotive RD sector.
• APAC predictive automobile technology market is
  expected to show rapid growth over the forecast
  period due to increasing investments by the
  companies to adopt advanced technologies such as
  IoT and AI. For instance, in September 2018, TPL
  Trakker launched in-app for vehicle analytics
  that provides data regarding fleet safety
  productivity in Pakistan. In China, multiple
  industrial groups and the Field Device Tool (FDT)
  standards group are helping manufacturers to
  adopt new technologies to comply with the
  National standard FDT 2.0 for efficient system
  integration and interconnection.

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• Application Analysis of Predictive Automobile
  Technology Market
• Predictive automobile technology helps in
  collision avoidance by giving timely inputs
  regarding vehicle proximity to other vehicles on
  the road. The demand for predictive maintenance
  is augmented as it assists in improving fleet
  productivity by avoiding vehicle downtime, helps
  in extending the lifespan of a vehicle, and
  ensures regulatory compliance. It alerts the
  owner regarding vehicle downtime and even
  provides usage patterns of the vehicle
  components. Additionally, it helps in maintaining
  connected car cybersecurity.
• The rapid penetration of Artificial Intelligence
  (AI) machine learning technologies in the
  automotive industry is expected to enhance the
  predictive capabilities of these systems to
  provide more accurate and real-time
  vehicle-related data to the drivers.

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Competitive Market Share of Predictive
Automobile Technology Market

• The companies operating in the predictive
  automobile technology market are focusing on new
  product developments and making advancements in
  existing products to gain market attention. For
  instance, in July 2018, SAP launched an
  application based on SAP HANA Cloud Platform used
  for data analytics of connected vehicles. In
  August 2017, Trimble Transportation introduced
  predictive maintenance analytics that helped it
  reduce fleet repair costs and increase vehicle
  uptime.
• The prominent players operating in the predictive
  automobile technology market are General Electric
  Company, Siemens AG, Microsoft Corporation,
  International Business Machines (IBM)
  Corporation, Thales Group, Robert Bosch GmbH,
  Honeywell International Inc., SAP SE, HARMAN
  International, and BMW Group.

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