Global Predictive Vehicle Technology Market to Reach $221.8 Billion by 2030
The global market for Predictive Vehicle Technology estimated at US$62 Billion in the year 2023, is expected to reach US$221.8 Billion by 2030, growing at a CAGR of 20% over the analysis period 2023-2030. ADAS, one of the segments analyzed in the report, is expected to record a 19.7% CAGR and reach US$105 Billion by the end of the analysis period. Growth in the Telematics segment is estimated at 21.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $19.2 Billion, While China is Forecast to Grow at 19.1% CAGR
The Predictive Vehicle Technology market in the U.S. is estimated at US$19.2 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$37.5 Billion by the year 2030 trailing a CAGR of 19.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.7% and 17.2% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 14.7% CAGR.
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