The major driving factors in the growth of the vehicle analytics market are advancements in technologies such as machine learning, artificial intelligence, and predictive maintenance to enhance fleet management; and increasing use of real-time data collected from sensors and GPS tracking devices.
Increasing computer power, new sensing technologies, software architecture advancements, electric propulsion, and wireless communications enable development of components and vehicles that will eventually be able to drive in most road and weather conditions without human intervention.
Growth is due to factors such as increasing demand for luxury cars, stringent governmental regulations on safety and emissions, and increased market penetration of sensors such as LiDAR, radar, cameras, and ultrasonic.
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