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 Vehicle Type
- Commercial Vehicle
- Passenger Car
- 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.
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