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Top 10 Automotive Technologies: By Type (Autonomous Vehicles (AVs), Vehicle Security, Electrification, Shared Mobility, Artificial Intelligence, Big Data & Analytics, Human, Machine Interfaces, Block chain, 3D Printing, and Internet of Things), By Technology (Remote Diagnostics, On Board Internet Services, Security Systems in Automotive, Vehicle Intelligence Systems, Night Vision, and Lane Departure Warning System) And Region - Global Analysis Of Market Size, Share & Trends For 2019-2020 And Forecasts To 2031
Top 10 Automotive Technologies to surpass USD 832.5 billion by 2031 from USD 163.2 billion in 2021 at a CAGR of 17.7% in the coming years, i.e., 2021-31.
Information-centric technology will play a vital role in the future of the automotive sector, according to industry trends. The sector is implementing new technology into its operations at an unprecedented rate. In addition to more established technologies like artificial intelligence (AI) & big data & analytics, newer technologies including the internet of thing (IoT) as well as block chain have several uses in the automotive industry. Autonomous vehicle (AVs), vehicle security, electrifications, shared mobility, artificial intelligence(AI), big data analytics, human-machine interface, block chain, 3D printing, and the Internet of Things are among the top ten automotive technologies.
Global Top 10 Automotive Technologies to surpass USD 832.5 billion by 2031 from USD 163.2 billion in 2021 at a CAGR of 17.7% in the coming years, i.e., 2021-31. The industry for Top ten Automotive technology is being driven by an increase in sales of luxury vehicles with advanced technologies. Furthermore, government regulations relating to safety features have accelerated the development of vehicle technologies.
Based on type global top 10 Automotive Technologies are segmented into Autonomous Vehicles (AVs), Vehicle Security, Electrification, Shared Mobility, Artificial Intelligence, Big Data & Analytics, Human, Machine Interfaces, Block chain, 3D Printing and Internet of Things. Vehicle security system are likely to maintain its leading position for top 10 automotive technology in terms of volume, with the highest market share. Vehicle theft has increased in recent years as a result of high-tech and advanced stealing strategies. The automotive technologies industry has seen significant demand, particularly for vehicle security systems, as the number of innovative vehicle technologies grows.
Based on technology global top 10 Automotive Technologies are segmented into Remote Diagnostics, On Board Internet Services, Security Systems in Automotive, Vehicle Intelligence Systems, Night Vision, and Lane Departure Warning System. During the projection period, the on-board internet services sector is anticipated to develop at the fastest CAGR. Factors such as the roll out of high-speed connectivity options such as 4G and 5G, as well as the increasing penetration of telecommunications services in the automobile industry, are influencing the expansion of on-board internet services. Companies like BMW, for example, have started to promote integrated sim cards with their vehicles so that calls could be placed without having to connect a phone to the vehicle.
Increasing demand of luxury vehicles
The rise in demand for luxury vehicles and luxury features in both developed and developing countries, the growing trend of autonomous & semi-autonomous vehicles, the growing demand for mobile phone-like features in automobiles, government regulations for secure and safe driving, and OEM preference for sophisticated technology have all contributed to the growth of the automotive technologies market.
Increase in vehicle cost
The over-inflation of car costs is a major stumbling block to the expansion of the top 10 automotive technology; demand for security features has increased, and consumers expect better quality products. OEMs have been pushed to innovate as a result of their rivalry. OEMs have been driven to innovate due to intense competition. Concerns about data security and privacy, the short lifespan of electronic systems, and the absence of onboard internet services infrastructures in growing nations are all challenges limiting the market's growth.
Daimler
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global Top 10 Automotive Technologies market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. During the forecast period, Asia-Pacific is likely to lead the marketplace for the top 10 automotive technologies, with the biggest market share in terms of value. For vehicle technological and market provider firms, Asia-Pacific has offered significant potential. The market is likely to be pushed by rising income levels and expanding urbanization, which will lead to more car sales.
In 2018 & 2019, the automotive sector struggled with slowing economic activity, growing competition, a recession in BRICs economies, and tightened lending standards, all of which stifled worldwide demand. Then impact of COVID-19 lockdowns in the first part of 2020, which sent auto sales falling to new lows. However, the auto sector is returning at a faster-than-expected rate, thanks in large part to a consumer move favoring mobility and flexibility over public & shared transportation.
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Report Attribute |
Details |
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Market size value in 2021 |
USD 163.2 billion |
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Revenue forecast in 2031 |
USD 832.5 billion |
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Growth Rate |
CAGR of 17.7% from 2021 to 2031 |
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Base year for estimation |
2020 |
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Quantitative units |
Revenue in USD million and CAGR from 2021 to 2031 |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments covered |
Type, Technology and Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
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Key companies profiled |
Delphi Automotive PLC, Continental AG, Robert Bosch GmbH, Agero, Ford Motor Company, Airbiquity, WirelessCar and Other Prominent Players. |
Top 10 Automotive Technologies market size was estimated at USD 163.2 billion in 2021 and is expected to reach USD 832.5 billion in 2031.
Autonomous vehicle (AVs), vehicle security, electrifications, shared mobility, artificial intelligence(AI), big data analytics, human-machine interface, block chain, 3D printing, and the Internet of Things are among the top ten automotive technologies.
On-board internet service and Vehicle security segment accounted for the largest Top 10 Automotive Technologies market share.
Key players: Delphi Automotive PLC, Continental AG, Robert Bosch GmbH, Agero, Ford Motor Company, Airbiquity, WirelessCar are the key players in the Top 10 Automotive Technologies market.
The industry for global Top 10 Automotive technology is being driven by an increase in market for luxury automobiles with advanced technologies.
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