- Vehicle Analytics is an advanced technology that tracks and analyzes real-time data from vehicles, providing insights into vehicle performance, driver behavior, and operational efficiency for stakeholders like OEMs, fleet owners, and insurers.
- The demand for vehicle analytics is significantly driven by the global surge in connected vehicles, projected to reach 75% of new vehicle sales in the U.S. by 2025, and the rising adoption of IoT, with 25.2 billion connections expected by 2025.
- North America is expected to dominate the Vehicle Analytics market due to its advanced automotive infrastructure and high adoption of connected vehicle technologies.
- Asia-Pacific is expected to be the fastest-growing region during the forecast period due to rapid automotive production and smart mobility initiatives in countries like China and India.
- The Predictive Maintenance segment is expected to dominate the market with a market share of 32.5% in 2025 due to its role in reducing vehicle downtime and maintenance costs
