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Press Release:

Global Vehicle Analytics Market to Reach US$ 7.27 Billion by 2027, Propelled by Surging Penetration of Connected and Autonomous Vehicles

COVID-19
The pandemic continues to cause unprecedented disruption across industries worldwide.
Get detailed insights regarding the impact of COVID-19 on the market.

Vehicle Analytics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global vehicle analytics market reached a value of US$ 1.84 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 7.27 Billion by 2027, exhibiting a CAGR of 25.77% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Vehicle analytics refers to a technology that tracks real-time information from vehicles and provides it to the user or the manufacturer. It assists in vehicle counting, tracking, brand detection, road condition inspection, and incorrect direction detection. It also aids in determining the current state of a vehicle and the driving methods used by the driver. Besides this, as it improves the efficiency and safety of the overall driver experience, the demand for vehicle analytics is escalating around the world.

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Vehicle Analytics Market Trends:

Digitization currently plays a pivotal role in the automotive industry as it delivers detailed information about speed, distance, emissions, resource usage, driving behavior, and fuel consumption. This, coupled with the rising sales of vehicles around the world represents one of the key factors stimulating the growth of the market. Apart from this, the increasing congestion on city streets and sidewalks has resulted in numerous safety challenges, such as distracted pedestrians and rising bicyclists. As a result, governing agencies of several countries are encouraging the adopting vehicle analytics solutions to analyze real-world data about traffic patterns and road conditions. This solution enables drivers to obtain analysis of areas with poor road conditions and bottlenecks that create traffic delays. Moreover, vehicle analytics provides alert to the owner beforehand about the potential requirement of maintenance before a breakdown can occur. This further assists in minimizing road accidents worldwide that are caused due to human negligence in the timely service and maintenance of vehicles. Besides this, the market is also impelled by the increasing utilization of these solutions to keep naval, aircraft, and ground vehicles online and avoid costly last-minute repairs. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global vehicle analytics market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, deployment mode, application and end user.

Breakup by Component:

 

 
 

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  • Software
  • Services
     

Breakup by Deployment Mode:

  • On-premises
  • Cloud-based
     

Breakup by Application:

  • Dealer Performance Analysis
  • Driver and User Behaviour Analysis
  • Predictive Maintenance
  • Safety and Security Management
  • Traffic Management
  • Usage-based Insurance
     

Breakup by End User:

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

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Agnik LLC, CloudMade (Valeo), Continental AG, Genetec Inc., IMS (Insurance & Mobility Solutions), Inquiron, Inseego Corp., International Business Machines Corporation, Microsoft Corporation, Samsung Electronics Co. Ltd., SAP SE and Teletrac Navman US Ltd (Vontier Corporation).

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Component, Deployment Mode, Application, End User, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Agnik LLC, CloudMade (Valeo), Continental AG, Genetec Inc., IMS (Insurance & Mobility Solutions), Inquiron, Inseego Corp., International Business Machines Corporation, Microsoft Corporation, Samsung Electronics Co. Ltd., SAP SE and Teletrac Navman US Ltd (Vontier Corporation)
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

1   Preface
2   Scope and Methodology
    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3   Executive Summary
4   Introduction
    4.1    Overview
    4.2    Key Industry Trends
5   Global Vehicle Analytics Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6   Market Breakup by Component
    6.1    Software
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Services
        6.2.1 Market Trends
        6.2.2 Market Forecast
7   Market Breakup by Deployment Mode
    7.1    On-premises
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Cloud-based
        7.2.1 Market Trends
        7.2.2 Market Forecast
8   Market Breakup by Application
    8.1    Dealer Performance Analysis
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Driver and User Behaviour Analysis
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Predictive Maintenance
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Safety and Security Management
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Traffic Management
        8.5.1 Market Trends
        8.5.2 Market Forecast
    8.6    Usage-based Insurance
        8.6.1 Market Trends
        8.6.2 Market Forecast
9   Market Breakup by End User
    9.1    Original Equipment Manufacturers (OEMs)
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    Insurers
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Automotive Dealers
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    Regulatory Bodies
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Fleet Owners
        9.5.1 Market Trends
        9.5.2 Market Forecast
10  Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11  SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12  Value Chain Analysis
13  Porters Five Forces Analysis
    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14  Price Analysis
15  Competitive Landscape
    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    Agnik LLC
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
        15.3.2    CloudMade (Valeo)
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
        15.3.3    Continental AG
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 Financials
           15.3.3.4 SWOT Analysis
        15.3.4    Genetec Inc. 
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
        15.3.5    IMS (Insurance & Mobility Solutions)
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
        15.3.6    Inquiron
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
        15.3.7    Inseego Corp.
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
        15.3.8    International Business Machines Corporation
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    Microsoft Corporation
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    Samsung Electronics Co. Ltd.
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
           15.3.10.3 Financials
           15.3.10.4 SWOT Analysis
        15.3.11    SAP SE
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
           15.3.11.3 Financials
           15.3.11.4 SWOT Analysis
        15.3.12    Teletrac Navman US Ltd (Vontier Corporation)
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio

List of Figures

Figure 1: Global: Vehicle Analytics Market: Major Drivers and Challenges
Figure 2: Global: Vehicle Analytics Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Vehicle Analytics Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Vehicle Analytics Market: Breakup by Component (in %), 2021
Figure 5: Global: Vehicle Analytics Market: Breakup by Deployment Mode (in %), 2021
Figure 6: Global: Vehicle Analytics Market: Breakup by Application (in %), 2021
Figure 7: Global: Vehicle Analytics Market: Breakup by End User (in %), 2021
Figure 8: Global: Vehicle Analytics Market: Breakup by Region (in %), 2021
Figure 9: Global: Vehicle Analytics (Software) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Vehicle Analytics (Software) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Vehicle Analytics (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Vehicle Analytics (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Vehicle Analytics (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Vehicle Analytics (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Vehicle Analytics (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Vehicle Analytics (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Vehicle Analytics (Dealer Performance Analysis) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Vehicle Analytics (Dealer Performance Analysis) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Vehicle Analytics (Driver and User Behaviour Analysis) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Vehicle Analytics (Driver and User Behaviour Analysis) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Vehicle Analytics (Predictive Maintenance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Vehicle Analytics (Predictive Maintenance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Vehicle Analytics (Safety and Security Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Vehicle Analytics (Safety and Security Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Vehicle Analytics (Traffic Management) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Vehicle Analytics (Traffic Management) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Vehicle Analytics (Usage-based Insurance) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Vehicle Analytics (Usage-based Insurance) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Vehicle Analytics (Original Equipment Manufacturers-OEMs) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Vehicle Analytics (Original Equipment Manufacturers-OEMs) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Vehicle Analytics (Insurers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Vehicle Analytics (Insurers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Vehicle Analytics (Automotive Dealers) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Vehicle Analytics (Automotive Dealers) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Vehicle Analytics (Regulatory Bodies) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Vehicle Analytics (Regulatory Bodies) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Vehicle Analytics (Fleet Owners) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Vehicle Analytics (Fleet Owners) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: North America: Vehicle Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: North America: Vehicle Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: United States: Vehicle Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: United States: Vehicle Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: Canada: Vehicle Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: Canada: Vehicle Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Asia-Pacific: Vehicle Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Asia-Pacific: Vehicle Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: China: Vehicle Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: China: Vehicle Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Japan: Vehicle Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Japan: Vehicle Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: India: Vehicle Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: India: Vehicle Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: South Korea: Vehicle Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: South Korea: Vehicle Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Australia: Vehicle Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Australia: Vehicle Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Indonesia: Vehicle Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Indonesia: Vehicle Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Others: Vehicle Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Others: Vehicle Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Europe: Vehicle Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Europe: Vehicle Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Germany: Vehicle Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Germany: Vehicle Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: France: Vehicle Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: France: Vehicle Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: United Kingdom: Vehicle Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: United Kingdom: Vehicle Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Italy: Vehicle Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Italy: Vehicle Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Spain: Vehicle Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Spain: Vehicle Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Russia: Vehicle Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Russia: Vehicle Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Others: Vehicle Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Others: Vehicle Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Latin America: Vehicle Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Latin America: Vehicle Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Brazil: Vehicle Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Brazil: Vehicle Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Mexico: Vehicle Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Mexico: Vehicle Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Others: Vehicle Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Others: Vehicle Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Middle East and Africa: Vehicle Analytics Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Middle East and Africa: Vehicle Analytics Market: Breakup by Country (in %), 2021
Figure 87: Middle East and Africa: Vehicle Analytics Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 88: Global: Vehicle Analytics Industry: SWOT Analysis
Figure 89: Global: Vehicle Analytics Industry: Value Chain Analysis
Figure 90: Global: Vehicle Analytics Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Vehicle Analytics Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Vehicle Analytics Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Vehicle Analytics Market Forecast: Breakup by Deployment Mode (in Million US$), 2022-2027
Table 4: Global: Vehicle Analytics Market Forecast: Breakup by Application (in Million US$), 2022-2027
Table 5: Global: Vehicle Analytics Market Forecast: Breakup by End User (in Million US$), 2022-2027
Table 6: Global: Vehicle Analytics Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Vehicle Analytics Market: Competitive Structure
Table 8: Global: Vehicle Analytics Market: Key Players


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Key Questions Answered in This Report

The global vehicle analytics market was valued US$ 1.84 Billion in 2021.

We expect the global vehicle analytics market to exhibit a CAGR of 25.77% during 2022-2027.

 

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations resulting in the temporary halt in numerous installation activities for vehicle analytics solutions, thereby negatively impacting the global market for vehicle analytics.

The rising demand for vehicle analytics to improve the efficiency and safety of the overall driver experience by delivering detailed information regarding speed, distance, emissions, resource usage, etc., is primarily driving the global vehicle analytics market.

Based on the deployment mode, the global vehicle analytics market can be segmented into on-premises and cloud-based. Currently, on-premises hold the majority of the total market share.

Based on the application, the global vehicle analytics market has been categorized into dealer performance analysis, driver and user behavior analysis, predictive maintenance, safety and security management, traffic management, and usage-based insurance. Among these, safety and security management currently exhibits a clear dominance in the market.

Based on the end user, the global vehicle analytics market can be divided into Original Equipment Manufacturers (OEMs), insurers, automotive dealers, regulatory bodies, and fleet owners. Currently, original equipment manufacturers (OEMs) account for the largest market share.

On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Europe currently dominates the global market.

Some of the major players in the global vehicle analytics market include Agnik LLC, CloudMade (Valeo), Continental AG, Genetec Inc., IMS (Insurance & Mobility Solutions), Inquiron, Inseego Corp., International Business Machines Corporation, Microsoft Corporation, Samsung Electronics Co. Ltd., SAP SE, and Teletrac Navman US Ltd (Vontier Corporation).

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