Vehicle Analytics Global Market Report 2024

Description

“Vehicle Analytics Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on vehicle analytics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for vehicle analytics? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The vehicle analytics market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Component: Software; Services
2) By Deployment Model: On-Premises; On-Demand
3) By Application: Predictive Maintenance; Warranty Analytics; Traffic Management; Safety And Security Management; Driver And User Behavior Analysis; Dealer Performance Analysis; Infotainment; Usage-Based Insurance; Road Charging
4) By End-User: Original Equipment Manufacturers (OEMs); Service Providers; Automotive Dealers; Fleet Owners; Regulatory Bodies; Insurers
Companies Mentioned: SAP SE; International Business Machines Corporation; Microsoft Corporation; Genetec Inc.; Cloud Made Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Vehicle analytics is an analytical technique that encompasses road condition inspection, vehicle counting, tracking, speed detection, incorrect direction detection, and brand detection. It enables the real-time tracking of information from vehicles, providing insights into the current state of the vehicle and related operating activities.

The main components of vehicle analytics include software and services. Vehicle analytics software comprises programs designed to analyze data and information collected from smart vehicles. Deployment can be on-premises or on-demand. Vehicle analytics find applications in various areas, including predictive maintenance, warranty analytics, traffic management, safety and security management, driver and user behavior analysis, dealer performance analysis, infotainment, usage-based insurance, and road charging. End-users of vehicle analytics include original equipment manufacturers (OEMs), service providers, automotive dealers, fleet owners, regulatory bodies, and insurers.

The vehicle analytics market research report is one of a series of new reports from The Business Research Company that provides vehicle analytics market statistics, including vehicle analytics industry global market size, regional shares, competitors with a vehicle analytics market share, detailed vehicle analytics market segments, market trends and opportunities, and any further data you may need to thrive in the vehicle analytics industry. This vehicle analytics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The vehicle analytics market size has grown exponentially in recent years. It will grow from $3. 19 billion in 2023 to $3. 91 billion in 2024 at a compound annual growth rate (CAGR) of 22. 6%. The expansion observed in the historical period can be attributed to factors such as the adoption of telematics, increasing concerns about safety and security, the implementation of predictive maintenance practices, adherence to regulatory compliance, and the impact of urbanization on traffic management

The vehicle analytics market size is expected to see exponential growth in the next few years. It will grow to $8. 49 billion in 2028 at a compound annual growth rate (CAGR) of 21. 4%. The anticipated growth in the forecast period can be attributed to factors such as the development of autonomous vehicles, a growing focus on environmental sustainability, an emphasis on enhancing driver and passenger experiences, increasing consumer demand for advanced features, and a shift towards mobility services. Key trends expected in the forecast period encompass the rise of connected vehicles, the integration of telematics, optimization of fuel efficiency, integration with fleet management solutions, initiatives related to smart cities and traffic management, and collaboration with original equipment manufacturers (OEMs) and automotive suppliers.

The rise in the number of connected vehicles is playing a significant role in the growth of the vehicle analytics market. Connected vehicles refer to those capable of communicating with nearby devices over networks. This surge in connected vehicles has created a demand for vehicle analytics, offering features such as warranty analytics, predictive maintenance, and dealer performance analysis. Capgemini's Connected Vehicle Trend Radar predicts that the number of connected cars will reach 352 million by the end of 2023. Consequently, the increasing dominance of connected vehicles is expected to drive the growth of the vehicle analytics market.

The vehicle analytics market is poised for growth due to the escalating demand for usage-based insurance (UBI). UBI is an auto insurance type that calculates premiums based on actual vehicle usage data, such as mileage, speed, and driving patterns, collected from a vehicle's telematics system. Vehicle analytics play a crucial role in UBI by collecting and analyzing data from the telematics system. A survey by Trakm8 found that 69% of UK drivers anticipate driving more miles in 2023 than the previous year, with 58% considering telematics insurance policies to reduce associated costs. Hence, the increasing demand for UBI is expected to contribute to the growth of the vehicle analytics market.

The vehicle analytics market is being shaped by technological advancements, particularly in artificial intelligence (AI) and machine learning. These technologies enhance decision-making speed, predict vehicle health, and analyze driving habits. Major market players are introducing advanced technologies, such as Maruti Suzuki India Limited's S-Assist, an AI-based virtual car assistant app providing multimedia content, easy navigation, and real-time information on warning signs. This technological progression aims to offer drivers enhanced real-time information through their smartphones, improving the overall driving experience.

Companies in the vehicle analytics industry are adopting a strategic collaboration approach to provide integrated solutions leveraging data for enhanced vehicle performance and safety. An example is the collaboration between Amazon. com Inc. and Stellantis N. V., aiming to introduce customer-centric connected experiences across millions of vehicles. This collaboration seeks to deploy Amazon's technology and software expertise to enhance vehicle development, connected in-vehicle experiences, and the training of automotive software engineers within the Stellantis organization.

In February 2021, Continental AG acquired a minority stake in Recogni, a start-up specializing in AI-powered vision recognition modules for autonomous vehicles. This acquisition reflects Continental's commitment to developing new chip architecture for real-time object recognition based on AI, aligning with the advancements in vehicle analytics.

Major companies operating in the in the vehicle analytics market report are SAP SE, International Business Machines Corporation, Microsoft Corporation, Genetec Inc., Cloud Made Ltd., Harman International Industries Inc., Teletrac Navman, Agnik LL, Pivotal Software Inc., SAS Institute Inc., Acerta Systems Analytics Inc., Amodo Ltd., INRIX Inc., Inseego Corp., Automotive Resources International Fleet Management Company, Continental AG, Google Inc., Cisco Systems Inc., Drust Vehicle Analytics, Sight Machine Inc., Fair Isaac Corporation, Bosch Software Innovations GmbH, Experian plc, WABCO Holdings Inc., Trimble Inc., TomTom International B. V., Airbiquity Inc., Pivotal Software Inc., Oracle Corporation, Mix Telematics Ltd.

North America was the largest region in the vehicle analytics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vehicle analytics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the vehicle analytics market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The vehicle analytics market includes revenues earned by entities by providing quality improvement, logistics streamline services, customer services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r10638

1. Executive Summary

2. Vehicle Analytics Market Characteristics

3. Vehicle Analytics Market Trends And Strategies

4. Vehicle Analytics Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Vehicle Analytics Market Size and Growth

5.1. Global Vehicle Analytics Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Vehicle Analytics Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Vehicle Analytics Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Vehicle Analytics Market Segmentation

6.1. Global Vehicle Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Software
Services
6.2. Global Vehicle Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
On-Premises
On-Demand
6.3. Global Vehicle Analytics Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Predictive Maintenance
Warranty Analytics
Traffic Management
Safety And Security Management
Driver And User Behavior Analysis
Dealer Performance Analysis
Infotainment
Usage-Based Insurance
Road Charging
6. 4. Global Vehicle Analytics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Original Equipment Manufacturers (OEMs)
Service Providers
Automotive Dealers
Fleet Owners
Regulatory Bodies
Insurers

7. Vehicle Analytics Market Regional And Country Analysis

7.1. Global Vehicle Analytics Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Vehicle Analytics Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Vehicle Analytics Market

8.1. Asia-Pacific Vehicle Analytics Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Vehicle Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Vehicle Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. 4. Asia-Pacific Vehicle Analytics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Vehicle Analytics Market

9.1. China Vehicle Analytics Market Overview
9.2. China Vehicle Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Vehicle Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9. 4. China Vehicle Analytics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Vehicle Analytics Market

10.1. India Vehicle Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Vehicle Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Vehicle Analytics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Vehicle Analytics Market

11.1. Japan Vehicle Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Vehicle Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Vehicle Analytics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Vehicle Analytics Market

12.1. Australia Vehicle Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Vehicle Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Vehicle Analytics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Vehicle Analytics Market

13.1. Indonesia Vehicle Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Vehicle Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Vehicle Analytics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Vehicle Analytics Market

14.1. South Korea Vehicle Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Vehicle Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Vehicle Analytics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Vehicle Analytics Market

15.1. Western Europe Vehicle Analytics Market Overview
15.2. Western Europe Vehicle Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Vehicle Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. 4. Western Europe Vehicle Analytics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Vehicle Analytics Market

16.1. UK Vehicle Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Vehicle Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Vehicle Analytics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Vehicle Analytics Market

17.1. Germany Vehicle Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Vehicle Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Vehicle Analytics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Vehicle Analytics Market

18. 5. France Vehicle Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 6. France Vehicle Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 7. France Vehicle Analytics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Vehicle Analytics Market

19. 9. Italy Vehicle Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Vehicle Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Vehicle Analytics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Vehicle Analytics Market

20.13. Spain Vehicle Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Vehicle Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Vehicle Analytics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Vehicle Analytics Market

21.1. Eastern Europe Vehicle Analytics Market Overview
21.2. Eastern Europe Vehicle Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Vehicle Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. 4. Eastern Europe Vehicle Analytics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Vehicle Analytics Market

22.1. Russia Vehicle Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Vehicle Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Vehicle Analytics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Vehicle Analytics Market

23.1. North America Vehicle Analytics Market Overview
23.2. North America Vehicle Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Vehicle Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. 4. North America Vehicle Analytics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Vehicle Analytics Market

24.1. USA Vehicle Analytics Market Overview
24.2. USA Vehicle Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Vehicle Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. 4. USA Vehicle Analytics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Vehicle Analytics Market

25.1. Canada Vehicle Analytics Market Overview
25.2. Canada Vehicle Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Vehicle Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. 4. Canada Vehicle Analytics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Vehicle Analytics Market

26.1. South America Vehicle Analytics Market Overview
26.2. South America Vehicle Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Vehicle Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. 4. South America Vehicle Analytics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Vehicle Analytics Market

27.1. Brazil Vehicle Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Vehicle Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Vehicle Analytics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Vehicle Analytics Market

28.1. Middle East Vehicle Analytics Market Overview
28.2. Middle East Vehicle Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Vehicle Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. 4. Middle East Vehicle Analytics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Vehicle Analytics Market

29.1. Africa Vehicle Analytics Market Overview
29.2. Africa Vehicle Analytics Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Vehicle Analytics Market, Segmentation By Deployment Mode, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. 4. Africa Vehicle Analytics Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Vehicle Analytics Market Competitive Landscape And Company Profiles

30.1. Vehicle Analytics Market Competitive Landscape
30.2. Vehicle Analytics Market Company Profiles
- 30.2.1. SAP SE
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1. 4. Financial Performance
- 30.2.2. International Business Machines Corporation
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2. 4. Financial Performance
- 30.2.3. Microsoft Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3. 4. Financial Performance
- 30.2. 4. Genetec Inc.
  - 30.2. 4.1. Overview
  - 30.2. 4.2. Products and Services
  - 30.2. 4.3. Strategy
  - 30.2. 4. 4. Financial Performance
- 30.2. 5. Cloud Made Ltd
  - 30.2. 5.1. Overview
  - 30.2. 5.2. Products and Services
  - 30.2. 5.3. Strategy
  - 30.2. 5. 4. Financial Performance

31. Global Vehicle Analytics Market Competitive Benchmarking

32. Global Vehicle Analytics Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Vehicle Analytics Market

34. Vehicle Analytics Market Future Outlook and Potential Analysis

34.1 Vehicle Analytics Market In 2028 - Countries Offering Most New Opportunities
34.2 Vehicle Analytics Market In 2028 - Segments Offering Most New Opportunities
34. 3 Vehicle Analytics Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35. 4. Research Inquiries
35. 5. The Business Research Company
35. 6. Copyright And Disclaimer