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Market Summary

The vehicle analytics market is expected to reach USD 8.57 Billion by 2026, according to a new report by Reports and Data. This can be mainly associated with the rising technological advancements in emerging economies and increasing research and development from government, which are expected to accelerate the market growth globally.

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The demand for connected vehicles has been advancing the need for data analytics with the development in technologies of the automotive industry, to analyze and obtain customer behavior and assessing and forecasting future demand. Earlier, data analytics was restricted to sales and marketing only, but now companies are utilizing IT in the product development stage, manufacturing operations, logistics sector, and aftermarket services. Big Data has found a host of uses extending from product design and production to predictive vehicle maintenance and autonomous driving in the automotive industry.

North America region accounts for the largest share of 32.3% of the market in 2018. Technological progress in the manufacturing sector due to more eminent automation and excellent transportation are among the crucial factors propelling the demand for products. North America is leading the market for vehicle analytics, especially from the developed economies of Canada and the U.S, due to the presence of R&D units of various significant enterprises. The large share is due to the high awareness levels and purchasing power for the new technology.

Key Coverage of the Report

Region and country wise statistics of Vehicle Analytics Market from the period 2016-2026. While 2016-2017 has been utilized as historical data, 2018 is considered the base year. 2019-2026 have been derived as forecasts.

Estimation of market size along with historic and forecasted trend analysis.

Various Components of Vehicle Analytics Market technique have been analyzed. Statistical analysis has been conducted on obtaining the individual share of these segments.

Regional up-coming Vehicle Analytics Market outlook.

Regional prevalence of the market has been mapped.

Demand and Supply GAP Analysis

Regional Competitors Pricing Strategy

Market share analysis of the top industry players

Strategic recommendations for the new entrants

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.

Salient Trends of the Vehicle Analytics Market

The automotive income pool will significantly enhance and expand towards on-premise mobility and data-driven services. This could create up to USD 1.5 trillion or 30% more extra revenue potential in 2030, compared to USD 5.2 trillion from conventional car sales and aftermarket products/services, which was up by 50% or about USD 3.5 trillion in 2015.

The accelerating speed of innovation, particularly in software-based systems, will demand cars to be upgradable. As shared mobility solutions with lower life cycles will become more common, consumers will be uniformly aware of technological advances, which will further boost the demand for upgradability in privately used cars as well.

Entirely autonomous vehicles are unlikely to be available commercially before 2020. Meantime, advanced driver-assistance systems (ADAS) will play a vital role in providing regulators, consumers, and businesses for the medium-term reality of cars taking over control from human drivers.

OEMs need to adjust their skills and methods with innovation and product value which are increasingly determined by software, to approach new challenges like cyber security, data privacy, a software-enabled consumer value definition, and continuous product updates.

These trending issues are strictly observed and directed, which restricts the fallout from large-scale recalls, reducing unnecessary wrench time, and possibly saving lives in the process.

For example, Foray Motor Group's TRACKER platform would present information regarding time and distance covered along with insurance renewals, fuel consumption, and service reminders and CO 2 discharge rates of the vehicle. It is also supportive of Google Maps, which procure directions to all the nearby facilities.

discharge rates of the vehicle. It is also supportive of Google Maps, which procure directions to all the nearby facilities. China’s goal to have at least 30 million autonomous vehicles within the period from 2018 to 2028 is anticipated to propel the demand for automobile analytics.

Nissan and automakers in the country have an intention to bring semiautonomous vehicles to city roads by 2020, apart from the taxis.

Nevertheless, countries such as India, where the government has ultimately rejected the idea of autonomous vehicles on its roads, the vehicle analytics market is anticipated to be encouraged by adoption of high-end cars.

SAP SE extended the SAP Vehicles Network initiative to add HERE Technologies, MasterCard and Postmates in February 2018. Collectively, the Network strives to work on several new characteristics of vehicle analytics.

Teletrac Navman declared a collaboration with Noregon in October 2017. This partnership intends to connect the fleet management capabilities of Teletrac Navman and the vehicle health and safety diagnostics of Noregon, to present a holistic aspect of vehicle fitness in real-time.

Nissan joined into a partnership with Tata Consultancy Services (TCS) in a movement in which TCS would support Nissan with Vehicle Analytics System.

Watson IoT Platform Cloud Analytics by IBM can be utilized for Vehicle analytics. Watson IoT Platform Cloud Analytics assists in offering analytics on the real-time vehicle's data that is created from IoT devices and obtain diagnostics control.

Companies considered and profiled in this market study

SAP SE, Genetec Inc., IBM Corporation, CloudMade, Harman International, Inquiron Ltd., Intelligent Mechatronic Systems Inc., Teletrac Navman US Ltd., Microsoft Corporation, Acerta Analytics Solutions



Market-O-Nomics

The market is projected to grow at a CAGR of 21.9% in terms of value and reach USD 8.57 billion in 2026.

The services component is expected to grow at a higher rate of 22.2% during the forecast period.

By deployment, on-premise accounted for a larger share of 66.8% of the market in 2018.

The predictive maintenance application segment accounted for the largest share of 29.1% of the market in 2018.

Data can be extracted out from a majority of the vehicles of a given year and model by using predictive maintenance, and that information can be analyzed with warranty servicing trends.

The OEM end user accounted for the largest share of 27.3% of the market in 2018.

The market in the APAC region is expected to witness the highest CAGR of 23.1% during the forecast period.

Segments covered in the report:

This report forecasts revenue growth at a global, regional & country level, and provides an analysis on the industry trends in each of the sub-segments from 2016 to 2026.

For the purpose of this study, Reports and Data have segmented the market on the basis of Deployment, Component, Application, End User, and region:

Deployment Outlook (Revenue, USD Million; 2016-2026)

Cloud

On-Premises

Component Outlook (Revenue, USD Million; 2016-2026)

Software

Services

Application Outlook (Revenue, USD Million; 2016-2026)

Predictive maintenance

Warranty Analytics

Traffic Management

Dealer Performance Analysis

Infotainment

Usage-Based Insurance

Road Charging

End User Outlook (Revenue, USD Million; 2016-2026)

OEMs

Service Providers

Automotive Dealers

Fleet Owners

Others

Regional Outlook (Revenue, USD Million; 2016-2026)

North America U.S.

Europe France UK

Asia Pacific China India Japan

Latin America Brazil

Middle East & Africa