Dublin, Nov. 27, 2020 (GLOBE NEWSWIRE) -- The "South America Predictive Vehicle Technology Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Hardware (ADAS, Telematics, and OBD), Vehicle Type (Commercial Vehicle and Passenger Car), and Application (Proactive Alerts and Safety and Security)" report has been added to ResearchAndMarkets.com's offering.
The predictive vehicle technology market in SAM is expected to grow from US$ 0.66 million in 2019 to US$ 1.48 million by 2027; it is estimated to grow at a CAGR of 13.0% from 2020 to 2027.
The connected cars stream massive amounts of data into the cloud and to utilize this data, there is an increasing need for predictive analysis and data analysis. Concepts such as predictive maintenance, predictive collision avoidance, automotive marketing, and data management of connected cars bolster the growth of the predictive vehicle technology market. The rising application of data management in connected cars also positively influences the demand for predictive vehicle technology.
Due to the COVID-19 crisis, the governments of various countries in SAM are taking several preventive measures to protect their citizens and contain COVID-19's spread. It is anticipated that SAM will face lower export revenues owing to the drop in commodity prices and a reduction in export volumes.
Based on hardware, the ADAS segment dominated the predictive vehicle technology market in 2019. The demand for ADAS, which assists the driver in monitoring, braking, warning, and steering activities, is projected to rise in the coming decade. The increasing number of regulations imposed by governments and growing consumers' interest in safety applications are accountable to the rising need for ADAS in connected cars. Also, to ensure drivers' safety and avoid road accidents, the demand for ADAS is growing across the countries.
The applications for ADAS are still in their early phase and getting adopted in major countries. Also, the same technologies that facilitate ADAS offerings might be further used to build fully autonomous vehicles. Therefore, both OEMs (original equipment manufacturer) and high-tech players are taking steps to integrate ADAS into autonomous vehicles. Any ADAS technology that gains early support gets the benefit when the autonomous cars reach the market. Due to better safety provided to the drivers, drives the SAM predictive vehicle technology market.
AISIN SEIKI Co. Ltd., Aptiv PLC, Continental AG, HELLA GmbH and Co. KGaA, NXP SEMICONDUCTORS N. V., Robert Bosch GmbH, Valeo, Visteon Corporation, and ZF Friedrichshafen AG are among a few players operating in the SAM predictive vehicle technology market.
Key Topics Covered:
1.1 Study Scope
1.2 Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.2 Secondary Research
3.3 Primary Research
4. SAM Predictive Vehicle Technology Market Landscape
4.1 Market Overview
4.2 SAM PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. SAM Predictive Vehicle Technology - Market Dynamics
5.1 Market Drivers
5.1.1 Application of AI in automotive industry
5.2 Market Restraints
5.2.1 Rising security concerns in using predictive technology
5.3 Market Opportunities
5.3.1 Growing need for predictive analysis and data analysis in connected cars
5.4 Future Trends
5.4.1 Testing of more self-driving vehicles
5.5 Impact Analysis of Drivers and Restraints
6. SAM Predictive Vehicle Technology Market Analysis
6.1 SAM Predictive Vehicle Technology Market Overview
6.2 SAM Predictive Vehicle Technology Market - Revenue and Forecast to 2027 (US$ Million)
6.3 SAM Market Positioning - Five Key Players
7. SAM Predictive Vehicle Technology Market Analysis - By Hardware
7.2 SAM Predictive Vehicle Technology Market, By Hardware (2019 and 2027)
8. SAM Predictive Vehicle Technology Market Analysis - By Vehicle Type
8.2 SAM Predictive Vehicle Technology Market Breakdown, by Vehicle Type, 2019 & 2027
8.3 Commercial Vehicle
8.4 Passenger Car
9. SAM Predictive Vehicle Technology Market Analysis - By Application
9.2 Predictive Vehicle Technology Market Breakdown, by Application, 2019 & 2027
9.3 Proactive Alerts
9.4 Safety and Security
10. SAM Predictive Vehicle Technology Market - Country Analysis
11. SAM Predictive Vehicle Technology Market- COVID-19 Impact Analysis
11.1 SAM: Impact Assessment of COVID-19 Pandemic
12. Industry Landscape
12.1 Market Initiative
12.2 Merger and Acquisition
12.3 New Development
13. Company Profiles
AISIN SEIKI Co.Ltd.
HELLA GmbH and Co. KGaA
NXP SEMICONDUCTORS N.V.
Robert Bosch GmbH
ZF Friedrichshafen AG
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