Vehicle Analytics Market SWOT and PEST Analysis 2021-2031
The Vehicle Analytics Market is expected to register a CAGR of 26.2% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The Vehicle Analytics Market report covers analysis by Components (Software, and Services); Deployment Type (Cloud-based, and On-Premise); Applications (Traffic Management, Driver and User Behaviour Analysis, Dealer Performance Analysis, Usage-Based Insurance, Road Charging, Predictive Maintenance, Safety and Security Management, Warranty Analytics, and Infotainment); End-User (Service Providers, Automotive Dealers, Insurers, Regulatory Bodies, Original Equipment Manufacturers (OEMs), Fleet Owners); and Geography , and Geography (North America, Europe, Asia Pacific, and South and Central America). The global analysis is further broken-down at regional level and major countries. The Report Offers the Value in USD for the above analysis and segments.
Purpose of the ReportThe report Vehicle Analytics Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Vehicle Analytics Market Segmentation
Components- Software
- Services
- Cloud-based
- On-Premise
- Traffic Management
- Driver and User Behaviour Analysis
- Dealer Performance Analysis
- Usage-Based Insurance
- Road Charging
- Predictive Maintenance
- Safety and Security Management
- Warranty Analytics
- Infotainment
- Service Providers
- Automotive Dealers
- Insurers
- Regulatory Bodies
- Original Equipment Manufacturers
- Fleet Owners
- Service Providers
- Automotive Dealers
- Insurers
- Regulatory Bodies
- Original Equipment Manufacturers
- Fleet Owners
Strategic Insights
Vehicle Analytics Market Growth Drivers- IoT Integration: IoT-enabled automobiles with real-time data capabilities contribute to growing demand. Market reports have seen improving operational safety, thereby expanding market size.
- Rise in Vehicle Telematics and Connected Cars:
The adoption of connected car technology and telematics systems is a key driver for the vehicle analytics market. With increasing integration of IoT devices in vehicles, real-time data collection on vehicle health, location, speed, and driving patterns is enabling better insights into vehicle performance, enhancing both safety and operational performance. - Regulatory Pressure on Fuel Efficiency and Emissions:
Stricter government regulations regarding fuel efficiency, emissions, and safety standards are prompting manufacturers and fleet operators to adopt vehicle analytics solutions. These systems can help ensure compliance by providing insights into vehicle emissions, fuel consumption, and maintenance needs, which help in reducing the environmental impact.
- Integration of AI and Machine Learning in Analytics:
The integration of AI and machine learning into vehicle analytics is enhancing predictive maintenance and performance monitoring. AI algorithms can process vast amounts of data from vehicles to predict failures, optimize routes, and suggest preventive maintenance, improving vehicle uptime and reducing costs for operators. - Adoption of Cloud-Based Vehicle Analytics Solutions:
Cloud-based platforms are becoming increasingly popular for vehicle analytics, as they enable real-time data processing and remote monitoring of vehicle fleets. Cloud solutions offer scalability, cost-effectiveness, and easy access to data, allowing fleet managers to track and analyze vehicle performance from anywhere. - Increased Adoption of Electric Vehicles (EVs):
As the adoption of electric vehicles rises, the vehicle analytics market is evolving to support EV-specific data monitoring, such as battery health, charging cycles, and energy consumption patterns. The need for specialized analytics solutions for EVs is becoming more prominent as the market for electric mobility expands.
- Growing Demand for Smart City Integration:
Vehicle analytics has the potential to play a key role in the development of smart cities. By integrating vehicle data with smart city infrastructure, municipalities can improve traffic management, reduce congestion, enhance public transportation systems, and lower environmental impact. This creates significant opportunities for vehicle analytics solutions in urban planning and smart mobility.
- Partnerships and Collaborations in the Automotive Industry:
Strategic partnerships and collaborations between vehicle manufacturers, analytics providers, and technology companies present significant opportunities for growth. Collaboration with automakers allows analytics companies to embed their solutions into vehicle systems, providing OEMs (Original Equipment Manufacturers) with real-time insights into vehicle performance and usage.
- Demand for Real-Time Data and Predictive Maintenance:
As businesses strive to reduce downtime and maintenance costs, there is an increasing demand for vehicle analytics solutions that offer predictive maintenance capabilities. By forecasting potential issues before they occur, vehicle analytics solutions can minimize vehicle downtime, lower repair costs, and improve overall fleet performance.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Vehicle Analytics Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Vehicle Analytics Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
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to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The Vehicle Analytics Market is estimated to witness a CAGR of 26.2% from 2023 to 2031.
The major factors driving the market are: Growing demand for connected vehicles, Fleet management optimization, Technological advancements in AI and ML.
Key future trends in this market are - Real-Time Data Processing #Autonomous Vehicle Integration #Fleet Management Solutions
Key companies of this market are: Agnik LLC, Harman International Industries, Inc., IBM Corporation, Inquiron, INRIX, SAS Institute Inc., Teletrac Navman, Xevo Inc., WEX Inc.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on request are additional 3-5 company profiles and country-specific analysis of 3-5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
1. INTRODUCTION
1.1. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
2. KEY TAKEAWAYS
3. VEHICLE ANALYTICS MARKET LANDSCAPE
3.1. OVERVIEW
3.2. MARKET SEGMENTATION
3.2.1. Vehicle Analytics Market - By Components
3.2.2. Vehicle Analytics Market - By Deployment Type
3.2.3. Vehicle Analytics Market - By Applications
3.2.4. Vehicle Analytics Market - By End-User
3.2.5. Vehicle Analytics Market - By Region
3.2.5.1. By Countries
3.3. PEST ANALYSIS
3.3.1. North America - PEST Analysis
3.3.2. Europe - PEST Analysis
3.3.3. Asia Pacific (APAC) - PEST Analysis
3.3.4. Middle East & Africa (MEA) - PEST Analysis
3.3.5. South America (SAM)- PEST Analysis
4. VEHICLE ANALYTICS MARKET - KEY INDUSTRY DYNAMICS
4.1. KEY MARKET DRIVERS
4.2. KEY MARKET RESTRAINTS
4.3. KEY MARKET OPPORTUNITIES
4.4. FUTURE TRENDS
4.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
5. VEHICLE ANALYTICS MARKET - GLOBAL MARKET ANALYSIS
5.1. VEHICLE ANALYTICS- GLOBAL MARKET OVERVIEW
5.2. VEHICLE ANALYTICS- GLOBAL MARKET AND FORECAST TO 2025
6. VEHICLE ANALYTICS MARKET REVENUE AND FORECASTS TO 2028 - COMPONENTS
6.1. OVERVIEW
6.2. COMPONENTS MARKET FORECASTS AND ANALYSIS
6.3. SOFTWARE
6.3.1. Overview
6.3.2. Software market forecast and analysis
6.4. SERVICES
6.4.1. Overview
6.4.2. Services market forecast and analysis
6.4.2.1. Professional Services
6.4.2.1.1. Professional Services market forecast and analysis
6.4.2.2. Managed Services
6.4.2.2.1. Managed Services market forecast and analysis
7. VEHICLE ANALYTICS MARKET REVENUE AND FORECASTS TO 2028 - DEPLOYMENT TYPE
7.1. OVERVIEW
7.2. DEPLOYMENT TYPE MARKET FORECASTS AND ANALYSIS
7.3. CLOUD-BASED
7.3.1. Overview
7.3.2. Cloud-Based market forecast and analysis
7.4. ON-PREMISE
7.4.1. Overview
7.4.2. On-Premise market forecast and analysis
8. VEHICLE ANALYTICS MARKET REVENUE AND FORECASTS TO 2028 - APPLICATIONS
8.1. OVERVIEW
8.2. APPLICATIONS MARKET FORECASTS AND ANALYSIS
8.3. TRAFFIC MANAGEMENT
8.3.1. Overview
8.3.2. Traffic Management market forecast and analysis
8.4. DRIVER AND USER BEHAVIOUR ANALYSIS
8.4.1. Overview
8.4.2. Driver and User Behaviour Analysis market forecast and analysis
8.5. DEALER PERFORMANCE ANALYSIS
8.5.1. Overview
8.5.2. Dealer Performance Analysis market forecast and analysis
8.6. USAGE-BASED INSURANCE
8.6.1. Overview
8.6.2. Usage-Based Insurance market forecast and analysis
8.7. ROAD CHARGING
8.7.1. Overview
8.7.2. Road Charging market forecast and analysis
8.8. PREDICTIVE MAINTENANCE
8.8.1. Overview
8.8.2. Predictive Maintenance market forecast and analysis
8.9. SAFETY AND SECURITY MANAGEMENT
8.9.1. Overview
8.9.2. Safety and Security Management market forecast and analysis
8.10. WARRANTY ANALYTICS
8.10.1. Overview
8.10.2. Warranty Analytics market forecast and analysis
8.11. INFOTAINMENT
8.11.1. Overview
8.11.2. Infotainment market forecast and analysis
9. VEHICLE ANALYTICS MARKET REVENUE AND FORECASTS TO 2028 - END-USER
9.1. OVERVIEW
9.2. END-USER MARKET FORECASTS AND ANALYSIS
9.3. SERVICE PROVIDERS
9.3.1. Overview
9.3.2. Service Providers market forecast and analysis
9.4. AUTOMOTIVE DEALERS
9.4.1. Overview
9.4.2. Automotive Dealers market forecast and analysis
9.5. INSURERS
9.5.1. Overview
9.5.2. Insurers market forecast and analysis
9.6. REGULATORY BODIES
9.6.1. Overview
9.6.2. Regulatory Bodies market forecast and analysis
9.7. ORIGINAL EQUIPMENT MANUFACTURERS (OEMS)
9.7.1. Overview
9.7.2. Original Equipment Manufacturers (OEMs) market forecast and analysis
9.8. FLEET OWNERS
9.8.1. Overview
9.8.2. Fleet Owners market forecast and analysis
10. VEHICLE ANALYTICS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1. North America Vehicle Analytics Market Overview
10.1.2. North America Vehicle Analytics Market Forecasts and Analysis
10.1.3. North America Market Forecasts and Analysis - By Countries
10.1.3.1. US market
10.1.3.2. Canada market
10.1.3.3. Mexico market
10.1.4. North America Market Forecasts and Analysis - By Components
10.1.5. North America Market Forecasts and Analysis - By Deployment Type
10.1.6. North America Market Forecasts and Analysis - By Applications
10.1.7. North America Market Forecasts and Analysis - By End-User
10.2. EUROPE
10.2.1. Europe Vehicle Analytics Market Overview
10.2.2. Europe Vehicle Analytics Market Forecasts and Analysis
10.2.3. Europe Market Forecasts and Analysis - By Countries
10.2.3.1. France market
10.2.3.2. Germany market
10.2.3.3. Italy market
10.2.3.4. Spain market
10.2.3.5. UK market
10.2.3.6. Rest of Europe
10.2.4. Europe Market Forecasts and Analysis - By Components
10.2.5. Europe Market Forecasts and Analysis - By Deployment Type
10.2.6. Europe Market Forecasts and Analysis - By Applications
10.2.7. Europe Market Forecasts and Analysis - By End-User
10.3. ASIA PACIFIC (APAC)
10.3.1. Asia Pacific Vehicle Analytics Market Overview
10.3.2. Asia Pacific Vehicle Analytics Market Forecasts and Analysis
10.3.3. Asia Pacific Market Forecasts and Analysis - By Countries
10.3.3.1. Australia market
10.3.3.2. China market
10.3.3.3. India market
10.3.3.4. Japan market
10.3.3.5. Rest of APAC
10.3.4. Asia Pacific Market Forecasts and Analysis - By Components
10.3.5. Asia Pacific Market Forecasts and Analysis - By Deployment Type
10.3.6. Asia Pacific Market Forecasts and Analysis - By Applications
10.3.7. Asia Pacific Market Forecasts and Analysis - By End-User
10.4. MIDDLE EAST AND AFRICA (MEA)
10.4.1. Middle East and Africa Vehicle Analytics Market Overview
10.4.2. Middle East and Africa Vehicle Analytics Market Forecasts and Analysis
10.4.3. Middle East and Africa Market Forecasts and Analysis - By Countries
10.4.3.1. South Africa market
10.4.3.2. Saudi Arabia market
10.4.3.3. UAE market
10.4.3.4. Rest of MEA
10.4.4. Middle East and Africa Market Forecasts and Analysis - By Components
10.4.5. Middle East and Africa Market Forecasts and Analysis - By Deployment Type
10.4.6. Middle East and Africa Market Forecasts and Analysis - By Applications
10.4.7. Middle East and Africa Market Forecasts and Analysis - By End-User
10.5. SOUTH AMERICA (SAM)
10.5.1. South America Vehicle Analytics Market Overview
10.5.2. South America Vehicle Analytics Market Forecasts and Analysis
10.5.3. South America Market Forecasts and Analysis - By Countries
10.5.3.1. Brazil market
10.5.3.2. Rest of SAM
10.5.4. South America Market Forecasts and Analysis - By Components
10.5.5. South America Market Forecasts and Analysis - By Deployment Type
10.5.6. South America Market Forecasts and Analysis - By Applications
10.5.7. South America Market Forecasts and Analysis - By End-User
11. INDUSTRY LANDSCAPE
11.1. MERGERS & ACQUISITIONS
11.2. MARKET INITIATIVES
11.3. NEW DEVELOPMENTS
11.4. INVESTMENT SCENARIOS
12. COMPETITIVE LANDSCAPE
12.1. COMPETITIVE INDUSTRY MAPPING
12.2. MARKET POSITIONING/ MARKET SHARE
13. VEHICLE ANALYTICS MARKET, KEY COMPANY PROFILES
13.1. AGNIK LLC
13.1.1. Key Facts
13.1.2. Business Description
13.1.3. Financial Overview
13.1.4. SWOT Analysis
13.1.5. Key Developments
13.2. HARMAN INTERNATIONAL INDUSTRIES, INC.
13.2.1. Key Facts
13.2.2. Business Description
13.2.3. Financial Overview
13.2.4. SWOT Analysis
13.2.5. Key Developments
13.3. IBM CORPORATION
13.3.1. Key Facts
13.3.2. Business Description
13.3.3. Financial Overview
13.3.4. SWOT Analysis
13.3.5. Key Developments
13.4. INQUIRON
13.4.1. Key Facts
13.4.2. Business Description
13.4.3. Financial Overview
13.4.4. SWOT Analysis
13.4.5. Key Developments
13.5. INRIX
13.5.1. Key Facts
13.5.2. Business Description
13.5.3. Financial Overview
13.5.4. SWOT Analysis
13.5.5. Key Developments
13.6. SAS INSTITUTE INC.
13.6.1. Key Facts
13.6.2. Business Description
13.6.3. Financial Overview
13.6.4. SWOT Analysis
13.6.5. Key Developments
13.7. TELETRAC NAVMAN
13.7.1. Key Facts
13.7.2. Business Description
13.7.3. Financial Overview
13.7.4. SWOT Analysis
13.7.5. Key Developments
13.8. XEVO INC.
13.8.1. Key Facts
13.8.2. Business Description
13.8.3. Financial Overview
13.8.4. SWOT Analysis
13.8.5. Key Developments
13.9. WEX INC.
13.9.1. Key Facts
13.9.2. Business Description
13.9.3. Financial Overview
13.9.4. SWOT Analysis
13.9.5. Key Developments
13.10. SAP SE
13.10.1. Key Facts
13.10.2. Business Description
13.10.3. Financial Overview
13.10.4. SWOT Analysis
13.10.5. Key Developments
14. APPENDIX
14.1. ABOUT THE INSIGHT PARTNERS
14.2. GLOSSARY OF TERMS
14.3. RESEARCH METHODOLOGY
1. Agnik LLC
2. Harman International Industries, Inc.
3. IBM Corporation
4. Inquiron
5. INRIX
6. SAS Institute Inc.
7. Teletrac Navman
8. Xevo Inc.
9. WEX Inc.
10. SAP SE
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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