Pune, located in the western part of India, is a vibrant and bustling city that has transformed into a hub for technology and innovation over the years. Known as the &https://adarima.org/?aHR0cHM6Ly9tY3J5cHRvLmNsdWIvY2F0ZWdvcnJ5Lz93cHNhZmVsaW5rPWxGTEVSN0hYNVh3QXBic0NhZGZFZUZsZ2lIbmlrYjJ4cVJuWlFTbll5U1hrMmJUbGxSVFF5T1RZeFVUMDk-8220;Oxford of the East,&https://adarima.org/?aHR0cHM6Ly9tY3J5cHRvLmNsdWIvY2F0ZWdvcnJ5Lz93cHNhZmVsaW5rPWxGTEVSN0hYNVh3QXBic0NhZGZFZUZsZ2lIbmlrYjJ4cVJuWlFTbll5U1hrMmJUbGxSVFF5T1RZeFVUMDk-8221; Pune attracts students from all over the world, making it a diverse and multicultural city. The city is also well-known for its historical landmarks, scenic spots, and rich cultural heritage.
Recently, Pune has been in the news due to its contribution to the global predictive automobile technology market. According to Fortune Business Insights, the market size for predictive technology in the automotive industry was valued at USD 60.96 billion in 2022 and is expected to reach USD 118.10 billion by 2030. This growth is attributed to the rising demand for efficient and safe transportation.
Predictive technology uses sensors to track real-time and historical data on driver and vehicle behavior by leveraging machine learning and artificial intelligence. The data obtained from these sensors can be analyzed to predict potential issues with a vehicle before they occur, reducing the risk of accidents and improving the overall safety of the vehicle.
The market is being driven by the increasing penetration of advanced technologies, including the development of autonomous and connected cars. These cars are equipped with sensors and software that allow them to communicate with each other and the environment, making them more efficient and safer on the road. However, the market&https://adarima.org/?aHR0cHM6Ly9tY3J5cHRvLmNsdWIvY2F0ZWdvcnJ5Lz93cHNhZmVsaW5rPWxGTEVSN0hYNVh3QXBic0NhZGZFZUZsZ2lIbmlrYjJ4cVJuWlFTbll5U1hrMmJUbGxSVFF5T1RZeFVUMDk-8217;s growth is also being restrained by cyber security threats related to predictive technology.
The report highlights the major players in the industry, who are focusing on adoption initiatives for strengthening their positions in the market. These include partnership agreements, collaborations, and others. For instance, in April 2021, Volvo expanded its partnership with NVIDIA to deploy NVIDIA DRIVE Orin system-on-a-chip (SoC) technology to power up the autonomous driving computer. The system would be part of the next-generation Volvo models.
The automotive industry is also segmented based on the vehicle type, end-users, component, and application. The passenger cars segment is estimated to depict a substantial surge over the projected period due to the escalating demand for new-generation automobiles equipped with advanced safety technologies. The other end-users segment is set to record a considerable expansion throughout the study period due to the growing technology demand in private passenger cars for comfortable, efficient, and safe driving.
The Asia Pacific predictive automobile technology market share is estimated to register considerable expansion throughout the forecast period, driven by the growing number of sales of new-generation vehicles and favorable government policies in the region. The Europe market is expected to record a substantial rise over the estimated period due to the escalating adoption of electric vehicles equipped with advanced technologies.
In conclusion, Pune plays a significant role in the global predictive automobile technology market by contributing to the development of advanced technologies that improve the safety and efficiency of vehicles. The market&https://adarima.org/?aHR0cHM6Ly9tY3J5cHRvLmNsdWIvY2F0ZWdvcnJ5Lz93cHNhZmVsaW5rPWxGTEVSN0hYNVh3QXBic0NhZGZFZUZsZ2lIbmlrYjJ4cVJuWlFTbll5U1hrMmJUbGxSVFF5T1RZeFVUMDk-8217;s growth is driven by the rising demand for efficient and safe transportation, and it is expected to continue to grow in the coming years due to the development of autonomous and connected cars.