Predictive Vehicle Technology Market
PUBLISHED: 2023 ID: SMRC22792
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Predictive Vehicle Technology Market

Predictive Vehicle Technology Market Forecasts to 2028 - Global Analysis By Hardware (ADAS, OBD and Telematics), Deployment (On-Premise and Cloud), Application (Driving Pattern Analysis, Maintenance Analysis, Predictive Smart Parking, Proactive Alerts, Safety and Security and Other Applications) and By Geography

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4.4 (87 reviews)
Published: 2023 ID: SMRC22792

This report covers the impact of COVID-19 on this global market
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Years Covered

2020-2028

Estimated Year Value (2022)

US $37.86 BN

Projected Year Value (2028)

US $125.45 BN

CAGR (2022 - 2028)

22.1%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America


According to Stratistics MRC, the Global Predictive Vehicle Technology Market is accounted for $37.86 billion in 2022 and is expected to reach $125.45 billion by 2028 growing at a CAGR of 22.1% during the forecast period. Artificial intelligence (AI) and machine learning (ML) are combined in predictive vehicle technology to understand the patterns and driving habits of the vehicle owner and improve vehicle safety. Data mining, neural networks, system modeling, and simulation are some of the available tools. By automating the process of changing vehicle settings, such as the infotainment system and application preferences, predictive vehicle technology enhances the driving experience for each individual driver. Since predictive technologies are becoming more common across all vehicle types to give the driver comfort and convenience, AI and ML are crucial components of future vehicles and the automobile industry.

According to the American Automotive Policy Council Report, in 2017, the U.S. automakers & suppliers spent more than USD 21 billion on the automotive R&D sector.



Market Dynamics:

Driver:

Rising demand for connected vehicles

The vehicles have a number of technologies that can detect impediments or other vehicles on the road and take preventative action, like maintaining the vehicle's speed and distance from other vehicles. Also, the vehicles are currently connected to one another and communicate information as needed, which reduces travel time and effort. Also, these new technologies make vehicles safer and more secure, which raises the level of safety for both drivers and cars. The first fully integrated cloud-based platform for creating, running, and maintaining in-vehicle apps that offer good connection, device management, analytics, safety, and other features. Hence, it is anticipated that the market for predictive vehicle technology will increase in line with consumer desire for technologically advanced vehicles.

Restraint:

Challenges in automotive industry

With the introduction of technologies like big data and analytics, cloud computing, sensors, and the internet of things (IoT) in industries like e-commerce, mobility, broadband access, and social media, the global economy is drastically changing into a digital marketplace. The World Economic Forum predicts that there will be more than 38.1 billion linked devices. As a result, the key challenge for the automotive industry is to adopt and maintain a connected device ecosystem that complements predictive vehicle technology.

Opportunity:

Technological advancement

A crucial trend that is becoming more popular in the market for predictive vehicle technology is technological improvement. To enhance their position in the market, the major firms involved in the development of predictive vehicle technology are concentrating on offering new technological advancements. In order to forecast driving behavior and help the driver, predictive vehicle technology also makes use of hardware elements, including telematics, onboard diagnostics (OBD) ports, and ADAS (advanced driver assistance) components. The safety of automobiles is improved by these modern technologies, which are causing the market to expand.

Threat:

Cyber-security and data privacy

Manufacturers, service providers, and the federal and state governments are all quite concerned with safeguarding a semi- or completely autonomous car from hackers. It was demonstrated by the skilled hacking of a traditional vehicle that such disruptions may occur. More than a dozen entry points, such as the airbag, the lighting system, and the tire pressure monitoring system, might be used by hackers to get access to even conventional vehicles' electrical systems. In addition to hackers, numerous public and commercial organizations, like those in the insurance industry, law enforcement, first responders, and suppliers of technology and sensors, would desire access to car data in the event of an accident. There are currently no rules that forbid manufacturers and software providers from selling the data on specific vehicles and drivers to other companies. Such elements limit market expansion.

Covid-19 Impact

The COVID-19 epidemic has caused a decline in the market for predictive vehicle technology. The shutdown affected the market for predictive vehicle technology, which is a constantly developing industry. The global pandemic caused an end to automobile production, which disrupted the supply of predictive vehicle technology. Also, the lack of labor owing to social conventions that discourage close relationships and other restrictions has an impact on the ability to produce the hardware necessary for predictive vehicle technology. Moreover, it is anticipated that the demand for vehicles will be impacted by the recession in the global economy and the decline in personal disposable income. Moreover, the market for predictive vehicle technology is being impacted by the decline in vehicle market growth.

The ADAS segment is expected to be the largest during the forecast period

The ADAS segment is estimated to register the largest share due to its variety of sensors, including cameras, radar, LiDAR, and ultrasonic sensors. The data is sensed by these sensors and sent for additional processing. Furthermore, in many ADAS applications, these sensors can be employed singly or in combination. To improve vehicle safety performance, top automakers from around the world are integrating cutting-edge technology in both passenger and commercial vehicles.

The commercial vehicles segment is expected to have the highest CAGR during the forecast period

The commercial vehicles segment is anticipated to witness lucrative growth during the forecast period because commercial vehicle telematics usage is expanding and improving fleet safety. It mainly offers infotainment options, GPS location monitoring, and satellite navigation. Moreover, the ability to track a vehicle's location in real time is helpful for alerting drivers of impending traffic, car accidents, weather problems, and congested routes. These elements have contributed to the commercial vehicle market's quickest expansion.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period owing to the presence of several of the world's fastest-growing economies, including China and India. Also, the Asia Pacific region is the world's largest market for automobiles as a result of rising consumer spending power in the area. Also, the region's rising sales of passenger cars and commercial vehicles are fueling the market's expansion. The nations in this region are in favor of commercial telematics being included in new cars which benefits the global commercial telematics industry.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period, owing to the measures undertaken by participants in the automotive industry and the governments in this region. For instance, the U.S. Department of Transportation has launched the "Smart City Challenge," which invites businesses to work on issues related to smart mobility across the nation. In the United States, the automobile sector is making large investments in automotive technology.



Key players in the market

Some of the key players profiled in the Predictive Vehicle Technology Market include Aisin Corporation, Aptiv PLC, Bayerische Motoren Werke AG (BMW), Cohda Wireless, Continental AG, Garrett Motion Inc.,, General Electric Company, Harman International, Hella KGaA Hueck & Co., Honeywell International Inc., IBM Corporation, Inseego Corporation, Microsoft Corporation, Nxp Semiconductors N.V, Perceptive Automata, Inc., Qualcomm, Quantum Inventions Pte Ltd., Robert Bosch GmbH, SAP SE, Siemens AG, Sierra Wireless, Teletrac Navman, Thales Group, TIBCO Software Inc., TPL Trakker, Valeo, Visteon Corporation, Zensar Technologies Ltd. and ZF Friedrichshafen Aga.

Key Developments:

In April 2023, AISIN will release the road maintenance and management service Michi-log 2.0, which is equipped with new functions that utilize AI. It will be introduced in Okazaki City and Kariya City, where demonstration tests have already been conducted, and full-scale operation will begin.

In December 2022, Aptiv PLC a global technology company focused on making mobility safer, greener and more connected, has completed the acquisition of Wind River®, a global leader in delivering software for the intelligent edge. Wind River software enables the secure development, deployment, operations and servicing of mission-critical intelligent systems. The company's technology is in over two billion edge devices across more than 1,700 customers in high-value industries, including aerospace and defense, telecommunications, industrial, medical and automotive.

In June 2022, Toyota Boshoku, Aisin and Shiroki have signed a production transfer contract that agreed to transfer Shiroki's Nagoya Plant, which is the main domestic production base for Aisin group’s automotive seat frame mechanism parts, to Toyota Boshoku and transfer its production.

Hardware's Covered:
• Advanced Driver Assistance Systems (ADAS)
• On-board diagnostics (OBD)
• Telematics

Deployments Covered:
• On-Premise
• Cloud

Vehicle Types Covered:
• Passenger Cars
• Commercial Vehicles

Applications Covered:
• Driving Pattern Analysis
• Maintenance Analysis
• Predictive Smart Parking
• Proactive Alerts
• Safety and Security
• Other Applications

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface

2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Application Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Predictive Vehicle Technology Market, By Hardware
5.1 Introduction
5.2 Advanced Driver Assistance Systems (ADAS)
5.3 On-board diagnostics (OBD)
5.4 Telematics

6 Global Predictive Vehicle Technology Market, By Deployment
6.1 Introduction
6.2 On-Premise
6.3 Cloud

7 Global Predictive Vehicle Technology Market, By Vehicle Type
7.1 Introduction
7.2 Passenger Cars
7.3 Commercial Vehicles

8 Global Predictive Vehicle Technology Market, By Application
8.1 Introduction
8.2 Driving Pattern Analysis
8.3 Maintenance Analysis
8.4 Predictive Smart Parking
8.5 Proactive Alerts
8.6 Safety and Security
8.7 Other Applications

9 Global Predictive Vehicle Technology Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa

10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 Company Profiling
11.1 Aisin Corporation
11.2 Aptiv PLC
11.3 Bayerische Motoren Werke AG (BMW)
11.4 Cohda Wireless
11.5 Continental AG
11.6 Garrett Motion Inc.,
11.7 General Electric Company
11.8 Harman International
11.9 Hella KGaA Hueck & Co.
11.10 Honeywell International Inc.
11.11 IBM Corporation
11.12 Inseego Corporation
11.13 Microsoft Corporation
11.14 Nxp Semiconductors N.V
11.15 Perceptive Automata, Inc.
11.16 Qualcomm
11.17 Quantum Inventions Pte Ltd.
11.18 Robert Bosch GmbH
11.19 SAP SE
11.20 Siemens AG
11.21 Sierra Wireless
11.22 Teletrac Navman
11.23 Thales Group
11.24 TIBCO Software Inc.
11.25 TPL Trakker
11.26 Valeo
11.27 Visteon Corporation
11.28 Zensar Technologies Ltd.
11.29 ZF Friedrichshafen AG

List of Tables
1 Global Predictive Vehicle Technology Market Outlook, By Region (2020-2028) ($MN)
2 Global Predictive Vehicle Technology Market Outlook, By Hardware (2020-2028) ($MN)
3 Global Predictive Vehicle Technology Market Outlook, By Advanced Driver Assistance Systems (ADAS) (2020-2028) ($MN)
4 Global Predictive Vehicle Technology Market Outlook, By On-board diagnostics (OBD) (2020-2028) ($MN)
5 Global Predictive Vehicle Technology Market Outlook, By Telematics (2020-2028) ($MN)
6 Global Predictive Vehicle Technology Market Outlook, By Deployment (2020-2028) ($MN)
7 Global Predictive Vehicle Technology Market Outlook, By On-Premise (2020-2028) ($MN)
8 Global Predictive Vehicle Technology Market Outlook, By Cloud (2020-2028) ($MN)
9 Global Predictive Vehicle Technology Market Outlook, By Vehicle Type (2020-2028) ($MN)
10 Global Predictive Vehicle Technology Market Outlook, By Passenger Cars (2020-2028) ($MN)
11 Global Predictive Vehicle Technology Market Outlook, By Commercial Vehicles (2020-2028) ($MN)
12 Global Predictive Vehicle Technology Market Outlook, By Application (2020-2028) ($MN)
13 Global Predictive Vehicle Technology Market Outlook, By Driving Pattern Analysis (2020-2028) ($MN)
14 Global Predictive Vehicle Technology Market Outlook, By Maintenance Analysis (2020-2028) ($MN)
15 Global Predictive Vehicle Technology Market Outlook, By Predictive Smart Parking (2020-2028) ($MN)
16 Global Predictive Vehicle Technology Market Outlook, By Proactive Alerts (2020-2028) ($MN)
17 Global Predictive Vehicle Technology Market Outlook, By Safety and Security (2020-2028) ($MN)
18 Global Predictive Vehicle Technology Market Outlook, By Other Applications (2020-2028) ($MN)
19 North America Predictive Vehicle Technology Market Outlook, By Country (2020-2028) ($MN)
20 North America Predictive Vehicle Technology Market Outlook, By Hardware (2020-2028) ($MN)
21 North America Predictive Vehicle Technology Market Outlook, By Advanced Driver Assistance Systems (ADAS) (2020-2028) ($MN)
22 North America Predictive Vehicle Technology Market Outlook, By On-board diagnostics (OBD) (2020-2028) ($MN)
23 North America Predictive Vehicle Technology Market Outlook, By Telematics (2020-2028) ($MN)
24 North America Predictive Vehicle Technology Market Outlook, By Deployment (2020-2028) ($MN)
25 North America Predictive Vehicle Technology Market Outlook, By On-Premise (2020-2028) ($MN)
26 North America Predictive Vehicle Technology Market Outlook, By Cloud (2020-2028) ($MN)
27 North America Predictive Vehicle Technology Market Outlook, By Vehicle Type (2020-2028) ($MN)
28 North America Predictive Vehicle Technology Market Outlook, By Passenger Cars (2020-2028) ($MN)
29 North America Predictive Vehicle Technology Market Outlook, By Commercial Vehicles (2020-2028) ($MN)
30 North America Predictive Vehicle Technology Market Outlook, By Application (2020-2028) ($MN)
31 North America Predictive Vehicle Technology Market Outlook, By Driving Pattern Analysis (2020-2028) ($MN)
32 North America Predictive Vehicle Technology Market Outlook, By Maintenance Analysis (2020-2028) ($MN)
33 North America Predictive Vehicle Technology Market Outlook, By Predictive Smart Parking (2020-2028) ($MN)
34 North America Predictive Vehicle Technology Market Outlook, By Proactive Alerts (2020-2028) ($MN)
35 North America Predictive Vehicle Technology Market Outlook, By Safety and Security (2020-2028) ($MN)
36 North America Predictive Vehicle Technology Market Outlook, By Other Applications (2020-2028) ($MN)
37 Europe Predictive Vehicle Technology Market Outlook, By Country (2020-2028) ($MN)
38 Europe Predictive Vehicle Technology Market Outlook, By Hardware (2020-2028) ($MN)
39 Europe Predictive Vehicle Technology Market Outlook, By Advanced Driver Assistance Systems (ADAS) (2020-2028) ($MN)
40 Europe Predictive Vehicle Technology Market Outlook, By On-board diagnostics (OBD) (2020-2028) ($MN)
41 Europe Predictive Vehicle Technology Market Outlook, By Telematics (2020-2028) ($MN)
42 Europe Predictive Vehicle Technology Market Outlook, By Deployment (2020-2028) ($MN)
43 Europe Predictive Vehicle Technology Market Outlook, By On-Premise (2020-2028) ($MN)
44 Europe Predictive Vehicle Technology Market Outlook, By Cloud (2020-2028) ($MN)
45 Europe Predictive Vehicle Technology Market Outlook, By Vehicle Type (2020-2028) ($MN)
46 Europe Predictive Vehicle Technology Market Outlook, By Passenger Cars (2020-2028) ($MN)
47 Europe Predictive Vehicle Technology Market Outlook, By Commercial Vehicles (2020-2028) ($MN)
48 Europe Predictive Vehicle Technology Market Outlook, By Application (2020-2028) ($MN)
49 Europe Predictive Vehicle Technology Market Outlook, By Driving Pattern Analysis (2020-2028) ($MN)
50 Europe Predictive Vehicle Technology Market Outlook, By Maintenance Analysis (2020-2028) ($MN)
51 Europe Predictive Vehicle Technology Market Outlook, By Predictive Smart Parking (2020-2028) ($MN)
52 Europe Predictive Vehicle Technology Market Outlook, By Proactive Alerts (2020-2028) ($MN)
53 Europe Predictive Vehicle Technology Market Outlook, By Safety and Security (2020-2028) ($MN)
54 Europe Predictive Vehicle Technology Market Outlook, By Other Applications (2020-2028) ($MN)
55 Asia Pacific Predictive Vehicle Technology Market Outlook, By Country (2020-2028) ($MN)
56 Asia Pacific Predictive Vehicle Technology Market Outlook, By Hardware (2020-2028) ($MN)
57 Asia Pacific Predictive Vehicle Technology Market Outlook, By Advanced Driver Assistance Systems (ADAS) (2020-2028) ($MN)
58 Asia Pacific Predictive Vehicle Technology Market Outlook, By On-board diagnostics (OBD) (2020-2028) ($MN)
59 Asia Pacific Predictive Vehicle Technology Market Outlook, By Telematics (2020-2028) ($MN)
60 Asia Pacific Predictive Vehicle Technology Market Outlook, By Deployment (2020-2028) ($MN)
61 Asia Pacific Predictive Vehicle Technology Market Outlook, By On-Premise (2020-2028) ($MN)
62 Asia Pacific Predictive Vehicle Technology Market Outlook, By Cloud (2020-2028) ($MN)
63 Asia Pacific Predictive Vehicle Technology Market Outlook, By Vehicle Type (2020-2028) ($MN)
64 Asia Pacific Predictive Vehicle Technology Market Outlook, By Passenger Cars (2020-2028) ($MN)
65 Asia Pacific Predictive Vehicle Technology Market Outlook, By Commercial Vehicles (2020-2028) ($MN)
66 Asia Pacific Predictive Vehicle Technology Market Outlook, By Application (2020-2028) ($MN)
67 Asia Pacific Predictive Vehicle Technology Market Outlook, By Driving Pattern Analysis (2020-2028) ($MN)
68 Asia Pacific Predictive Vehicle Technology Market Outlook, By Maintenance Analysis (2020-2028) ($MN)
69 Asia Pacific Predictive Vehicle Technology Market Outlook, By Predictive Smart Parking (2020-2028) ($MN)
70 Asia Pacific Predictive Vehicle Technology Market Outlook, By Proactive Alerts (2020-2028) ($MN)
71 Asia Pacific Predictive Vehicle Technology Market Outlook, By Safety and Security (2020-2028) ($MN)
72 Asia Pacific Predictive Vehicle Technology Market Outlook, By Other Applications (2020-2028) ($MN)
73 South America Predictive Vehicle Technology Market Outlook, By Country (2020-2028) ($MN)
74 South America Predictive Vehicle Technology Market Outlook, By Hardware (2020-2028) ($MN)
75 South America Predictive Vehicle Technology Market Outlook, By Advanced Driver Assistance Systems (ADAS) (2020-2028) ($MN)
76 South America Predictive Vehicle Technology Market Outlook, By On-board diagnostics (OBD) (2020-2028) ($MN)
77 South America Predictive Vehicle Technology Market Outlook, By Telematics (2020-2028) ($MN)
78 South America Predictive Vehicle Technology Market Outlook, By Deployment (2020-2028) ($MN)
79 South America Predictive Vehicle Technology Market Outlook, By On-Premise (2020-2028) ($MN)
80 South America Predictive Vehicle Technology Market Outlook, By Cloud (2020-2028) ($MN)
81 South America Predictive Vehicle Technology Market Outlook, By Vehicle Type (2020-2028) ($MN)
82 South America Predictive Vehicle Technology Market Outlook, By Passenger Cars (2020-2028) ($MN)
83 South America Predictive Vehicle Technology Market Outlook, By Commercial Vehicles (2020-2028) ($MN)
84 South America Predictive Vehicle Technology Market Outlook, By Application (2020-2028) ($MN)
85 South America Predictive Vehicle Technology Market Outlook, By Driving Pattern Analysis (2020-2028) ($MN)
86 South America Predictive Vehicle Technology Market Outlook, By Maintenance Analysis (2020-2028) ($MN)
87 South America Predictive Vehicle Technology Market Outlook, By Predictive Smart Parking (2020-2028) ($MN)
88 South America Predictive Vehicle Technology Market Outlook, By Proactive Alerts (2020-2028) ($MN)
89 South America Predictive Vehicle Technology Market Outlook, By Safety and Security (2020-2028) ($MN)
90 South America Predictive Vehicle Technology Market Outlook, By Other Applications (2020-2028) ($MN)
91 Middle East & Africa Predictive Vehicle Technology Market Outlook, By Country (2020-2028) ($MN)
92 Middle East & Africa Predictive Vehicle Technology Market Outlook, By Hardware (2020-2028) ($MN)
93 Middle East & Africa Predictive Vehicle Technology Market Outlook, By Advanced Driver Assistance Systems (ADAS) (2020-2028) ($MN)
94 Middle East & Africa Predictive Vehicle Technology Market Outlook, By On-board diagnostics (OBD) (2020-2028) ($MN)
95 Middle East & Africa Predictive Vehicle Technology Market Outlook, By Telematics (2020-2028) ($MN)
96 Middle East & Africa Predictive Vehicle Technology Market Outlook, By Deployment (2020-2028) ($MN)
97 Middle East & Africa Predictive Vehicle Technology Market Outlook, By On-Premise (2020-2028) ($MN)
98 Middle East & Africa Predictive Vehicle Technology Market Outlook, By Cloud (2020-2028) ($MN)
99 Middle East & Africa Predictive Vehicle Technology Market Outlook, By Vehicle Type (2020-2028) ($MN)
100 Middle East & Africa Predictive Vehicle Technology Market Outlook, By Passenger Cars (2020-2028) ($MN)
101 Middle East & Africa Predictive Vehicle Technology Market Outlook, By Commercial Vehicles (2020-2028) ($MN)
102 Middle East & Africa Predictive Vehicle Technology Market Outlook, By Application (2020-2028) ($MN)
103 Middle East & Africa Predictive Vehicle Technology Market Outlook, By Driving Pattern Analysis (2020-2028) ($MN)
104 Middle East & Africa Predictive Vehicle Technology Market Outlook, By Maintenance Analysis (2020-2028) ($MN)
105 Middle East & Africa Predictive Vehicle Technology Market Outlook, By Predictive Smart Parking (2020-2028) ($MN)
106 Middle East & Africa Predictive Vehicle Technology Market Outlook, By Proactive Alerts (2020-2028) ($MN)
107 Middle East & Africa Predictive Vehicle Technology Market Outlook, By Safety and Security (2020-2028) ($MN)
108 Middle East & Africa Predictive Vehicle Technology Market Outlook, By Other Applications (2020-2028) ($MN)

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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