The Global Predictive Vehicle Technology Market size was estimated to be US$ 20 billion in 2019 and expected to grow at a CAGR of 18% during 2020 and 2030. Predictive vehicle technology refers to integration of analytical tools to comprehend driving pattern and driving trends into an automobile to improve occupant safety and vehicle efficiency. With advancement in technology, automobile manufacturers are focusing on integration of advanced tools such as Machine Learning (ML) and Artificial Intelligence (AI) into their vehicles to cope up with intense competition in the market. These technologies are anticipated to be an integral part of automobile with the emergence of Internet of Things and development of autonomous vehicles. Predictive vehicle technology is gaining popularity for enhancing the occupant safety and convenience and is anticipated to become an integral part of automobiles in coming years. The advancement in semiconductor technology used across automotive electronics is anticipated to play a vital role in successful integration of these technologies along with enhancing vehicle connectivity. Incorporation of predictive collision avoidance, predictive maintenance, and predictive powertrain control is anticipated to be the major growth contributing factors in coming years. However, the demand for advanced electronic and associated technologies from automotive industry is anticipated to witness slack in coming couple of years due to prevalence of COVID-19. The market is anticipated to rebound with focused efforts of strengthening and reshaping the automotive supply chain.
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