Predictive Automobile Technology Market Study: An Emerging Hint of Opportunity by 2029

Predictive automobile technology can similarly be utilized as sensors present within a car that reports the proprietor if the car needs a service from a mechanic. Depending on car’s condition and mileage, the technology will be able to evaluate vehicle performance, set up meeting/appointments in actual time and inform users of any safety risks linked with a malfunctioning car due to company recalls. Further, most of the manufacturers are influenced that predictive maintenance is equally economically and logistically prudent. Also, this technology helps individual companies and customer to avoid vehicle downtime and can offer other insights regarding automotive usage patterns and part wear.

Machine leaning (ML) and Artificial Intelligence (AI) have an important part in the coming future of the auto industry as predictive technologies are getting more traction in installation across all vehicle types providing utmost convenience for the driver. Most of the manufacturers are implementing algorithms that consume data to automate the way of setting up a vehicle, including an auto’s application preferences and its infotainment framework. Automobiles manufactures are shifting into IoT gadgets which can associate with take voice commands, changing the UI (user interface).

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Predictive Automobile technology Market: Major Development

• Foray Motor Group’s TRACKER platform would provide information regarding time and distance traveled and fuel consumption, insurance renewals and servicing reminders and CO2 emission rates of the vehicle. It is also compatible with Google Maps which provide directions to all the nearby amenities.
• Goodyear built on its commercial solution based on the success tested in the predictive analytics test program with a city-to-city mobility service named Tesloop, which exclusively used Tesla electric vehicles for the study. The commercialization of Goodyear’s Proactive Solutions used for truck fleets tires maintenance and management make use of advanced telematics and predictive automobile technology

Predictive Automobile technology Market: Market Participants

Examples of some of the market participants/vendors identified in the Predictive Automobile technology market across the globe are:

• Robert Bosch GmbH
• International Business Machines (IBM) Corporation
• Honeywell International Inc.
• Siemen AG
• SAP SE
• IBM Corporation
• Harman International
• Microsoft Corporation
• Inseego

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