The Automotive Predictive Technology Market size is estimated at USD 74.86 billion in 2024, and is expected to reach USD 111.07 billion by 2029, growing at a CAGR of 8.21% during the forecast period (2024-2029).
The automotive predictive technology market is moderately consolidated as it accommodates several major and new players vying for significant market share. Some of the prominent companies in the automotive predictive technology market include Continental AG, ZF Friedrichshafen AG, Robert Bosch, Aptiv PLC, and Valeo SA. These companies are focusing on strategic collaborative initiatives to expand their market shares and profits.
For instance, in April 2022, ZF launched a pioneering collision mitigation system (CMS) designed for city buses. This innovative system provides active braking to prevent frontal collisions with other road users, such as vehicles, bicycles, and pedestrians. Additionally, the CMS effectively mitigates the negative effects of braking momentum on passengers, ensuring their safety and comfort.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook