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 auto manufacturers and tech companies are involved in the development of sophisticated technologies that enable automobiles to drive themselves. In the race of testing self-driving vehicles, Google is leading the race, followed by Audi, Toyota, and Mercedes-Benz. Moreover, the Institute of Electrical and Electronics Engineers (IEEE) foresees that the self-driving vehicles will approximately account for up to 75% of vehicles on the road by 2040. The self-driving car industry is anticipated to benefit the car-sharing services such as Zipcar, taxi services, public transportation, and rental car companies.

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South America Predictive Vehicle Technology Market Segment by Manufacturers includes:

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

 By Hardware

  • ADAS
  • Telematics
  • OBD

By Vehicle Type

  • Commercial Vehicle
  • Passenger Car

By Application

  • Proactive Alerts
  • Safety & Security

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In terms of vehicle type, the passenger car segment accounted for the largest share of the SAM predictive vehicle technology market in 2019. In terms of hardware, the ADAS segment held a larger market share of the predictive vehicle technology market in 2019. Further, the safety & security segment held a larger share of the market based on application in 2019.

Reasons to buy report

  • To understand the South America Predictive Vehicle Technology market landscape and identify market segments that are most likely to guarantee a strong return
  • Stay ahead of the race by comprehending the ever-changing competitive landscape for South America Predictive Vehicle Technology market
  • Efficiently plan M&A and partnership deals in South America Predictive Vehicle Technology market by identifying market segments with the most promising probable sales
  • Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form South America Predictive Vehicle Technology market
  • Obtain market revenue forecast for market by various segments from 2019-2028 in South America region.

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