Global Vehicle Analytics Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Vehicle Analytics Market 2021 (Includes Business Impact of COVID-19)
Global Vehicle Analytics Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global vehicle analytics market report has been segmented on the basis of component, organization size, deployment mode, end user, and region.
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Global Vehicle Analytics Market: Overview


Currently vehicles are manufactured with smart components such as sensors, diagnosis ports, connectivity ports, etc. and generates huge amount of data. Vehicle analytics include technologies that explore this data and provide results as expected by end user.


Global Vehicle Analytics Market: Dynamics


Increasing penetration and development of smart devices in automotive sector is expected to drive adoption of vehicle analytics in the manufacturing sector. This adoption is attributed to its features such as traffic visualization, route analysis, voice command, service maintenance, and many more.

Advent of connected vehicles with capabilities to provide real-time, predictive, and contextual insights on consumer (buying) behavior, driving behavior, and vehicle health is a key factor expected to boost growth of the target market.

Moreover, increasing adoption of software that offer applications for streaming and real-time data analytics in connected vehicles is some of the major factor expected to boost growth of the global market in coming 10 years.

Furthermore, growing demand for highly distributed (spatial extent) and highly dynamic (temporal extent) IoT grid connected vehicles is anticipating high adoption of vehicle analytics systems in heavy and light duty vehicles. This adoption is primarily attributed due to its predictive maintenance capability which in turn is expected to fuel growth of the potential market during the forecast period.

However, high initial investments involved with analytics setup and limitations on network coverage for long travel vehicles are major factor expected to decline growth of the target market to a certain extent.


Global Vehicle Analytics Market: Segment Analysis


Among the end user segment, the original equipment manufacturers (OEMs) segment is expected to register a high revenue share in the global market. Increasing adoption and demand for advance technologies in automotive equipment as well as increasing development activities in vehicles infotainment systems are major factors expected to propel growth of the segment in the target market. Various automotive manufacturers are focusing on proving predictive safety and security applications which is a feature offered by vehicle analytics.

Cloud-based technologies offer scalability and agility thus increasing adoption of cloud-based vehicle analytics services and solutions. Proliferation of cloud-based analytics in automotive sector and rising demand for real-time analysis which provides driver performance and predictive maintenance analysis in turn is expected to increase implementation of vehicle analytics software. Aforementioned are among some of the major factors expected to fuel growth of the potential market.


Global Vehicle Analytics Market: Region Analysis


The vehicle analytics market in Asia Pacific is expected to contribute high market share in terms of revenue and will dominate in the global market. The Asia Pacific market is driven by, high availability of manufacturing and sales automobiles is a major factor that will boost growth of the global market in this region.

For instance; in 2018, according to international organization of motor vehicle manufacturers China registered highest cars and commercial vehicles production of total 25,705,558 units.

In addition, rising government investments in expending automotive sector by including technological advancements and increasing transport infrastructure activities in Asia Pacific are some more factors expected to support growth of the target market in this region.


Below are the active patents related to Vehicle Analytics Market.


Patent Number: US9053591B2

Motor vehicle operating data collection and analysis

Abstract

A method and apparatus for collecting and evaluating powered vehicle operation utilizing on-board diagnostic components and location determining components or systems. The invention creates one or more databases whereby identifiable behavior or evaluative characteristics can be analyzed or categorized. The evaluation can include predicting likely future events. The database can be correlated or evaluated with other databases for a wide variety of uses.

Application filed Date: 2013-11-22

Application granted Date: 2015-06-09

Current Assignee: Allstate Insurance Co

Patent Number: US20080111666A1

Vehicle exception event management systems

Abstract

Exception event recorders and analysis systems include: vehicle mounted sensors arranged as a vehicle event recorder to capture both discrete and non-discrete data; a discretization facility; a database; and an analysis server all coupled together as a computer network. Motor vehicles with video cameras and onboard diagnostic systems capture data when the vehicle is involved in a crash or other anomaly (an ‘event’). In station where interpretation of non-discrete data is rendered, i.e. a discretization facility, captured data is used as a basis for production of supplemental discrete data to further characterize the event. Such interpreted data is joined to captured data and inserted into a database in a structure which is searchable and which supports logical or mathematical analysis by automated machines. A coupled analysis server is arranged to test stored data for prescribed conditions and upon finding such, to initiate further actions appropriate for the detected condition.

Application filed Date: 2006-11-09

Application granted Date: 2014-10-21

Current Assignee: SmartDrive Systems Inc

Patent Number: US20150105968A1

Computerized vehicle maintenance management system with embedded stochastic modelling

Abstract

A computerized maintenance management system for vehicles comprises a data warehouse, comprising a communications link for receiving data relating to vehicle maintenance, a storage component for storing received data, and a modeling component comprising modeling algorithms stored within the data warehouse. The modeling component is thus able to process the data in real-time within the data warehouse, and outputs a predictive model with recommended maintenance and/or replacement schedules that is always based on the most current available data.

Application filed Date: 2013-10-11

Application granted Date: 2016-08-30

Current Assignee: Brightorder Ip Inc

Global Vehicle Analytics Market Segmentation:

Segmentation by Component:

  
Software
  
Services

Segmentation by Organization Size:

  
Large Enterprises
  
Small and Medium-Sized Enterprises (SMEs)

Segmentation by Deployment Mode:

  
Cloud
  
On-Premises

Segmentation by End User:

  
Insurers
  
Fleet Owners
  
Service Providers
  
Automotive Dealers
  
Regulatory Bodies
  
Original Equipment Manufacturers (OEMs)


Key Market Players included in the report:


  
Acerta Analytics Solutions (Canada)
  
Agnik LLC (US)
  
Amodo (Croatia)
  
ARI Fleet Management Company
  
Automotive Rentals (ARI) (US)
  
Azuga (US)
  
C-4 Analytics
  
CloudMade (UK)
  
Continental AG
  
Digital Recognition Network (US)
  
EngineCAL (India)
  
Genetec Inc.(Canada)
  
HARMAN International (US)
  
IBM (US)
  
Inquiron Limited
  
INRIX (US)
  
Inseego Corp. (US)
  
Intelligent Mechatronic Systems (Canada)
  
International Business Machines Corporation
  
Microsoft Corporation
  
Noregon (US)
  
Pivotal Software Inc. (US)
  
Plotly (Canada)
  
Procon Analytics (US)
  
Samsung Electronics Co., Ltd.
  
SAP (Germany)
  
Teletrac Navman (US)
  
WEX Inc. (US)
  
Xevo Inc.(US).