Europe $11.75+ Million Predictive Vehicle Technology Markets, 2019-2020 & 2027 by Hardware, Vehicle Type, Applications
DUBLIN, Sept. 29, 2020 /PRNewswire/ -- The "Europe Predictive Vehicle Technology Market Forecast to 2027 - COVID-19 Impact and Analysis by Hardware (ADAS, Telematics, and OBD), Vehicle Type (Commercial Vehicle and Passenger Car), Application (Proactive Alerts, and Safety and Security), and Country" report has been added to ResearchAndMarkets.com's offering.
The predictive vehicle technology market in Europe is expected to grow from US$ 4.92 million in 2019 to US$ 11.78 million by 2027; it is estimated to grow at a CAGR of 14.0% from 2020 to 2027.
In terms of hardware, the ADAS segment led the predictive vehicle technology market in 2019. The demand for ADAS, which assists in monitoring, braking, warning, and steering activities, is projected to rise in the coming decade. Factors such as government regulations and consumer interest in safety applications are accountable for the rising need for ADAS in connected cars.
Also, in order to ensure the safety of drivers and reduce road accidents, the need for ADAS is growing across the countries. The ADAS applications are still in their early phase and are getting adopted by major countries. For instance, the European Union is making it compulsory that all vehicles be equipped with forward-collision warning systems and autonomous emergency braking systems. This is ultimately expected to drive the predictive vehicle technology market.
Key Topics Covered:
2. Key Takeaways
3. Research Methodology
4. Predictive Vehicle Technology Market Landscape
4.1 Market Overview
4.2 Europe PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. Predictive Vehicle Technology-Market Dynamics
5.1 Market Drivers
5.1.1 Adaptation of predictive powertrain control technology in heavy vehicles
5.1.2 Mass Implementation of AI and MI in automotive industry
5.2 Market Restraints
5.2.1 Data management and security.
5.3 Market Opportunities
5.3.1 Demand for robust data management system for connected automobile.
5.4 Future Trends
5.4.1 Dawn of autonomous vehicles
5.5 Impact Analysis of Drivers and Restraints
6. Predictive Vehicle Technology Market - Europe Analysis
6.1 Predictive Vehicle Technology Market Overview
6.2 Europe Predictive Vehicle Technology Market - Revenue and Forecast to 2027 (US$ Million)
6.3 Market Positioning -Key Players
7. Predictive Vehicle Technology Market Analysis - By Hardware
7.2 Europe Predictive Vehicle Technology Market, By Hardware (2019 and 2027)
8. Predictive Vehicle Technology Market Analysis - By Vehicle Type
8.2 Europe Predictive Vehicle Technology Market Breakdown, by Vehicle Type, 2019 & 2027
8.3 Commercial Vehicle
8.4 Passenger Car
9. Predictive Vehicle Technology Market Analysis - By Application
9.2 Europe Predictive Vehicle Technology Market Breakdown, by Application, 2019 & 2027
9.3 Proactive Alerts
9.4 Safety and Security
10. Predictive Vehicle Technology Market - Country Analysis
11. Predictive Vehicle Technology Market- COVID-19 Impact Analysis
12. Industry Landscape
12.1 Market Initiative
12.2 Merger and Acquisition
12.3 New Development
13. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/c56jao
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