Global Automotive Teen Driver Technology Market- 2019-2027: Industry analysis and market forecast.

Global Automotive Teen Driver Technology Market is expected to reach by 2027, at a CAGR of 17.56% during the forecast period. The Automotive Teen Driver Technology is used for sensing and communicating to record real-time feedback and alert to the driver as well as parents. The system also provides a summary report on the driver’s performance, coach the driver to correct errors while driving, and integrate the driver’s actions in the program. The report covers the current market growth factors, real-world examples of features that driving the market, by region and vehicle type. The report provides an analysis of key strategies in the market with new opportunities and regional challenges in the market. It identifies the top key players in the markets with details of existing strategies, profiles, and recent development. Global automotive teen driver technology market is segmented by vehicle type into passenger vehicle and commercial vehicle

The Ford “My Key” technology

MyKey technology plays an important role in helping the customer to teach their teen to drive responsibly. When a young driver is operating the vehicle, the system can perform tasks such as directing all incoming phone calls to voicemail, chiming repeatedly until the front seat belts are fastened, and ensuring that the car doesn't surpass a preset top speed.

Chevrolet Teen Driver

The Chevrolet has equipped many of its newer models with Teen Driver technology, which is a built-in system that is designed to assist customers with coaching their new driver. Chevrolet is the first automaker to provide an in-vehicle report card to monitor the system for teen’s driving. To encourage good driving habits while teens are behind the wheel, the company offers Teen Driver technology on most of its models including Cruze, Malibu, Suburban, Tahoe, Colorado, Traverse, and others.

Hyundai Blue Link

The system comes with many safeguards features to monitor teen drivers. Based on the fact that teens take fewer risks when driving with monitoring devices, the technology encourages the teen to have great driving habits. The customer can set limits on the car's speed, incoming communications, hours of operation, and more. The passenger vehicle segment has the largest market share of xx% in 2019 and is expected to grow at a CAGR of xx% in the forecast period. The passenger vehicle holds a dominant position in the market and will maintain this position over the forecast period. Demand for a passenger vehicle is increasing, thanks to the growth in disposable income and customer’s preference towards the personal vehicle. The passenger vehicle segment is estimated to grow at a CAGR of xx% during the forecast period. The detailed analysis of the segment with vehicle type, market size, region, along government regulation is covered in the report. Global Automotive Teen Driver Technology Market To know about the Research Methodology :- Request Free Sample Report

The sales channel segment is divided into OEM, Aftermarket.

The increasing road safety awareness and government regulations are creating new opportunities for the growth of Automotive Teen Driver Technology in the forecast period. The automotive teen driver technology is majorly implemented in the vehicle by OEM and is expected to maintain the growth of the OEM segment in the forecast period. The aftermarket segment is expected to grow with technological advancement in software and hardware integration in-vehicle technology. In some areas for a variety of applications, aftermarket devices are used to enable some safety features. The Aftermarket segment is expected to grow at xx% CAGR between 2019 and 2027.

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Global Automotive Teen Driver Technology Market Regional Insights:

  The global automotive teen driver technology market is by region into Asia Pacific, North America, Europe, South America, and Middle East & Africa. North America commands the market growth, with a CAGR of xx% in 2019-2027. North America the automotive teen driver technology market is expected to grow at a high growth rate over the forecast period. Growth in vehicle demand, increasing household income, large young population, consumer’s acceptance of new technology, and rising vehicle driving norms are driving the market in the forecast period. Major key players have their research and development facilities in the region also, the growth of electronics devices and smart driving technology is propelling the growth of the market in North America.

The Asia Pacific region is expected to grow at a significant growth rate during the forecast period.

The growing young population and development of gross income of people in countries like China and India. China and India are the largest producers as well as consumers of vehicles, which is expected to drive the automotive teen driver technology market during the forecast period. These countries have a large young population and governments these countries implementing stringent rules for driving vehicles for safety, which increases the demand for safety features. The increasing demand for safety features is driving the automotive teen driver technology market.

Global Automotive Teen Driver Technology Market Dynamics:

The modern vehicle comes along with advance electrical and safety features. The electrification of the system enables scope for future up-gradation of safety technology. The automotive teen driver technology is used to maintain drivers' reports such as driving behavior, history, and other details. It is used for maintaining safety and improving the driving behavior of the driver and programming the system according to it. The factors driving the market along with new opportunities, challenges, and restraints are covered in the report. The objective of the report is to present a comprehensive analysis of the Global Automotive Teen Driver Technology Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Automotive Teen Driver Technology Market dynamics, structure by analyzing the market segments and project Global Automotive Teen Driver Technology Market Clear representation of competitive analysis of key players by price, financial position, Product portfolio, growth strategies, and regional presence in the Global Automotive Teen Driver Technology Market the report investor’s guide.

Key players operating in Global Automotive Teen Driver Technology Market

• General Motors Company • The Ford Motor Company • Hyundai Motor Company • Toyota Motor Sales, U.S.A., Inc. • AAA insuranc
Global Automotive Teen Driver Technology Market 1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Automotive Teen Driver Technology Market Size, by Market Value (US$ Mn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Global Automotive Teen Driver Technology Market Analysis and Forecast 6.1. Automotive Teen Driver Technology Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Automotive Teen Driver Technology Market Analysis and Forecast, By Vehicle Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. Global Automotive Teen Driver Technology Market Value Share Analysis, By Vehicle Type 7.4. Global Automotive Teen Driver Technology Market Size (US$ Mn) Forecast, By Vehicle Type 7.5. Global Automotive Teen Driver Technology Market Analysis, By Vehicle Type 7.6. Global Automotive Teen Driver Technology Market Attractiveness Analysis, By Vehicle Type 8. Global Automotive Teen Driver Technology Market Analysis and Forecast, By Sales Channel 8.1. Introduction and Definition 8.2. Key Findings 8.3. Global Automotive Teen Driver Technology Market Value Share Analysis, By Sales Channel 8.4. Global Automotive Teen Driver Technology Market Size (US$ Mn) Forecast, By Sales Channel 8.5. Global Automotive Teen Driver Technology Market Analysis, By Sales Channel 8.6. Global Automotive Teen Driver Technology Market Attractiveness Analysis, By Sales Channel 9. Global Automotive Teen Driver Technology Market Analysis, by Region 9.1. Global Automotive Teen Driver Technology Market Value Share Analysis, by Region 9.2. Global Automotive Teen Driver Technology Market Size (US$ Mn) Forecast, by Region 9.3. Global Automotive Teen Driver Technology Market Attractiveness Analysis, by Region 10. North America Automotive Teen Driver Technology Market Analysis 10.1. Key Findings 10.2. North America Automotive Teen Driver Technology Market Overview 10.3. North America Automotive Teen Driver Technology Market Value Share Analysis, By Vehicle Type 10.4. North America Automotive Teen Driver Technology Market Forecast, By Vehicle Type 10.4.1. Passenger Vehicle 10.4.2. Commercial Vehicle 10.5. North America Automotive Teen Driver Technology Market Value Share Analysis, By Sales Channel 10.6. North America Automotive Teen Driver Technology Market Forecast, By Sales Channel 10.6.1. OEM 10.6.2. Aftermarket 10.7. North America Automotive Teen Driver Technology Market Value Share Analysis, by Country 10.8. North America Automotive Teen Driver Technology Market Forecast, by Country 10.8.1. U.S. 10.8.2. Canada 10.8.3. Mexico 10.9. North America Automotive Teen Driver Technology Market Analysis, by Country 10.10. U.S. Automotive Teen Driver Technology Market Forecast, By Vehicle Type 10.10.1. Passenger Vehicle 10.10.2. Commercial Vehicle 10.11. U.S. Automotive Teen Driver Technology Market Forecast, By Sales Channel 10.11.1. OEM 10.11.2. Aftermarket 10.12. Canada Automotive Teen Driver Technology Market Forecast, By Vehicle Type 10.12.1. Passenger Vehicle 10.12.2. Commercial Vehicle 10.13. Canada Automotive Teen Driver Technology Market Forecast, By Sales Channel 10.13.1. OEM 10.13.2. Aftermarket 10.14. Mexico Automotive Teen Driver Technology Market Forecast, By Vehicle Type 10.14.1. Passenger Vehicle 10.14.2. Commercial Vehicle 10.15. Mexico Automotive Teen Driver Technology Market Forecast, By Sales Channel 10.15.1. OEM 10.15.2. Aftermarket 10.16. North America Automotive Teen Driver Technology Market Attractiveness Analysis 10.16.1. By Vehicle Type 10.16.2. By Sales Channel 10.17. PEST Analysis 10.18. Key Trends 10.19. Key Developments 11. Europe Automotive Teen Driver Technology Market Analysis 11.1. Key Findings 11.2. Europe Automotive Teen Driver Technology Market Overview 11.3. Europe Automotive Teen Driver Technology Market Value Share Analysis, By Vehicle Type 11.4. Europe Automotive Teen Driver Technology Market Forecast, By Vehicle Type 11.4.1. Passenger Vehicle 11.4.2. Commercial Vehicle 11.5. Europe Automotive Teen Driver Technology Market Forecast, By Sales Channel 11.5.1. OEM 11.5.2. Aftermarket 11.6. Europe Automotive Teen Driver Technology Market Value Share Analysis, by Country 11.7. Europe Automotive Teen Driver Technology Market Forecast, by Country 11.7.1. Germany 11.7.2. U.K. 11.7.3. France 11.7.4. Italy 11.7.5. Spain 11.7.6. Sweden 11.7.7. CIS countries 11.7.8. Rest of Europe 11.8. Germany Automotive Teen Driver Technology Market Forecast, By Vehicle Type 11.8.1. Passenger Vehicle 11.8.2. Commercial Vehicle 11.9. Germany Automotive Teen Driver Technology Market Forecast, By Sales Channel 11.9.1. OEM 11.9.2. Aftermarket 11.10. U.K. Automotive Teen Driver Technology Market Forecast, By Vehicle Type 11.10.1. Passenger Vehicle 11.10.2. Commercial Vehicle 11.11. U.K. Automotive Teen Driver Technology Market Forecast, By Sales Channel 11.11.1. OEM 11.11.2. Aftermarket 11.12. France Automotive Teen Driver Technology Market Forecast, By Vehicle Type 11.12.1. Passenger Vehicle 11.12.2. Commercial Vehicle 11.13. France Automotive Teen Driver Technology Market Forecast, By Sales Channel 11.13.1. OEM 11.13.2. Aftermarket 11.14. Italy Automotive Teen Driver Technology Market Forecast, By Vehicle Type 11.14.1. Passenger Vehicle 11.14.2. Commercial Vehicle 11.15. Italy Automotive Teen Driver Technology Market Forecast, By Sales Channel 11.15.1. OEM 11.15.2. Aftermarket 11.16. Spain Automotive Teen Driver Technology Market Forecast, By Vehicle Type 11.16.1. Passenger Vehicle 11.16.2. Commercial Vehicle 11.17. Spain Automotive Teen Driver Technology Market Forecast, By Sales Channel 11.17.1. OEM 11.17.2. Aftermarket 11.18. Sweden Automotive Teen Driver Technology Market Forecast, By Vehicle Type 11.18.1. Passenger Vehicle 11.18.2. Commercial Vehicle 11.19. Sweden Automotive Teen Driver Technology Market Forecast, By Sales Channel 11.19.1. OEM 11.19.2. Aftermarket 11.20. CIS countries Automotive Teen Driver Technology Market Forecast, By Vehicle Type 11.20.1. Passenger Vehicle 11.20.2. Commercial Vehicle 11.21. CIS countries Automotive Teen Driver Technology Market Forecast, By Sales Channel 11.21.1. OEM 11.21.2. Aftermarket 11.22. Rest of Europe Automotive Teen Driver Technology Market Forecast, By Vehicle Type 11.22.1. Passenger Vehicle 11.22.2. Commercial Vehicle 11.23. Rest of Europe Automotive Teen Driver Technology Market Forecast, By Sales Channel 11.23.1. OEM 11.23.2. Aftermarket 11.24. Europe Automotive Teen Driver Technology Market Attractiveness Analysis 11.24.1. By Sales Channel 11.24.2. By Vehicle Type 11.25. PEST Analysis 11.26. Key Trends 11.27. Key Developments 12. Asia Pacific Automotive Teen Driver Technology Market Analysis 12.1. Key Findings 12.2. Asia Pacific Automotive Teen Driver Technology Market Overview 12.3. Asia Pacific Automotive Teen Driver Technology Market Value Share Analysis, By Vehicle Type 12.4. Asia Pacific Automotive Teen Driver Technology Market Forecast, By Vehicle Type 12.4.1. Passenger Vehicle 12.4.2. Commercial Vehicle 12.5. Asia Pacific Automotive Teen Driver Technology Market Value Share Analysis, By Vehicle Type 12.6. Asia Pacific Automotive Teen Driver Technology Market Forecast, By Sales Channel 12.6.1. OEM 12.6.2. Aftermarket 12.7. Asia Pacific Automotive Teen Driver Technology Market Value Share Analysis, by Country 12.8. Asia Pacific Automotive Teen Driver Technology Market Forecast, by Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. South Korea 12.8.5. Australia 12.8.6. ASEAN 12.8.7. Rest of Asia Pacific 12.9. Asia Pacific Automotive Teen Driver Technology Market Analysis, by Country 12.10. China Automotive Teen Driver Technology Market Forecast, By Vehicle Type 12.10.1. Passenger Vehicle 12.10.2. Commercial Vehicle 12.11. China Automotive Teen Driver Technology Market Forecast, By Sales Channel 12.11.1. OEM 12.11.2. Aftermarket 12.12. India Automotive Teen Driver Technology Market Forecast, By Vehicle Type 12.12.1. Passenger Vehicle 12.12.2. Commercial Vehicle 12.13. India Automotive Teen Driver Technology Market Forecast, By Sales Channel 12.13.1. OEM 12.13.2. Aftermarket 12.14. Japan Automotive Teen Driver Technology Market Forecast, By Vehicle Type 12.14.1. Passenger Vehicle 12.14.2. Commercial Vehicle 12.15. Japan Automotive Teen Driver Technology Market Forecast, By Sales Channel 12.15.1. OEM 12.15.2. Aftermarket 12.16. South Korea Automotive Teen Driver Technology Market Forecast, By Vehicle Type 12.16.1. Passenger Vehicle 12.16.2. Commercial Vehicle 12.17. South Korea Automotive Teen Driver Technology Market Forecast, By Sales Channel 12.17.1. OEM 12.17.2. Aftermarket 12.18. Australia Automotive Teen Driver Technology Market Forecast, By Vehicle Type 12.18.1. Passenger Vehicle 12.18.2. Commercial Vehicle 12.19. Australia Automotive Teen Driver Technology Market Forecast, By Sales Channel 12.19.1. OEM 12.19.2. Aftermarket 12.20. ASEAN Automotive Teen Driver Technology Market Forecast, By Vehicle Type 12.20.1. Passenger Vehicle 12.20.2. Commercial Vehicle 12.21. ASEAN Automotive Teen Driver Technology Market Forecast, By Sales Channel 12.21.1. OEM 12.21.2. Aftermarket 12.22. Rest of Asia Pacific Automotive Teen Driver Technology Market Forecast, By Vehicle Type 12.22.1. Passenger Vehicle 12.22.2. Commercial Vehicle 12.23. Rest of Asia Pacific Automotive Teen Driver Technology Market Forecast, By Sales Channel 12.23.1. OEM 12.23.2. Aftermarket 12.24. Asia Pacific Automotive Teen Driver Technology Market Attractiveness Analysis 12.24.1. By Vehicle Type 12.24.2. By Sales Channel 12.25. PEST Analysis 12.26. Key Trends 12.27. Key Developments 13. Middle East & Africa Automotive Teen Driver Technology Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Automotive Teen Driver Technology Market Overview 13.3. Middle East & Africa Automotive Teen Driver Technology Market Value Share Analysis, By Vehicle Type 13.4. Middle East & Africa Automotive Teen Driver Technology Market Forecast, By Vehicle Type 13.4.1. Passenger Vehicle 13.4.2. Commercial Vehicle 13.5. Middle East & Africa Automotive Teen Driver Technology Market Forecast, By Sales Channel 13.5.1. OEM 13.5.2. Aftermarket 13.6. Middle East & Africa Automotive Teen Driver Technology Market Value Share Analysis, by Country 13.7. Middle East & Africa Automotive Teen Driver Technology Market Forecast, by Country 13.7.1. GCC Countries 13.7.2. South Africa 13.7.3. Nigeria 13.7.4. Egypt 13.7.5. Rest of Middle East & Africa 13.8. Middle East & Africa Automotive Teen Driver Technology Market Analysis, by Country 13.9. GCC Countries Automotive Teen Driver Technology Market Forecast, By Vehicle Type 13.9.1. Passenger Vehicle 13.9.2. Commercial Vehicle 13.10. GCC Countries Automotive Teen Driver Technology Market Forecast, By Sales Channel 13.10.1. OEM 13.10.2. Aftermarket 13.11. South Africa Automotive Teen Driver Technology Market Forecast, By Vehicle Type 13.11.1. Passenger Vehicle 13.11.2. Commercial Vehicle 13.12. South Africa Automotive Teen Driver Technology Market Forecast, By Sales Channel 13.12.1. OEM 13.12.2. Aftermarket 13.13. Nigeria Automotive Teen Driver Technology Market Forecast, By Vehicle Type 13.13.1. Passenger Vehicle 13.13.2. Commercial Vehicle 13.14. Nigeria Automotive Teen Driver Technology Market Forecast, By Sales Channel 13.14.1. OEM 13.14.2. Aftermarket 13.15. Egypt Automotive Teen Driver Technology Market Forecast, By Vehicle Type 13.15.1. Passenger Vehicle 13.15.2. Commercial Vehicle 13.16. Egypt Automotive Teen Driver Technology Market Forecast, By Sales Channel 13.16.1. OEM 13.16.2. Aftermarket 13.17. Rest of Middle East & Africa Automotive Teen Driver Technology Market Forecast, By Vehicle Type 13.17.1. Passenger Vehicle 13.17.2. Commercial Vehicle 13.18. Rest of Middle East & Africa Automotive Teen Driver Technology Market Forecast, By Sales Channel 13.18.1. OEM 13.18.2. Aftermarket 13.19. Middle East & Africa Automotive Teen Driver Technology Market Attractiveness Analysis 13.19.1. By Vehicle Type 13.19.2. By Sales Channel 13.20. PEST Analysis 13.21. Key Trends 13.22. Key Developments 14. South America Automotive Teen Driver Technology Market Analysis 14.1. Key Findings 14.2. South America Automotive Teen Driver Technology Market Overview 14.3. South America Automotive Teen Driver Technology Market Value Share Analysis, By Vehicle Type 14.4. South America Automotive Teen Driver Technology Market Forecast, By Vehicle Type 14.4.1. Passenger Vehicle 14.4.2. Commercial Vehicle 14.5. South America Automotive Teen Driver Technology Market Forecast, By Sales Channel 14.5.1. OEM 14.5.2. Aftermarket 14.6. South America Automotive Teen Driver Technology Market Value Share Analysis, by Country 14.7. South America Automotive Teen Driver Technology Market Forecast, by Country 14.7.1. Brazil 14.7.2. Colombia 14.7.3. Argentina 14.7.4. Rest of South America 14.8. South America Automotive Teen Driver Technology Market Analysis, by Country 14.9. Brazil Automotive Teen Driver Technology Market Forecast, By Vehicle Type 14.9.1. Passenger Vehicle 14.9.2. Commercial Vehicle 14.10. Brazil Automotive Teen Driver Technology Market Forecast, By Sales Channel 14.10.1. OEM 14.10.2. Aftermarket 14.11. Colombia Automotive Teen Driver Technology Market Forecast, By Vehicle Type 14.11.1. Passenger Vehicle 14.11.2. Commercial Vehicle 14.12. Colombia Automotive Teen Driver Technology Market Forecast, By Sales Channel 14.12.1. OEM 14.12.2. Aftermarket 14.13. Argentina Automotive Teen Driver Technology Market Forecast, By Vehicle Type 14.13.1. Passenger Vehicle 14.13.2. Commercial Vehicle 14.14. Argentina Automotive Teen Driver Technology Market Forecast, By Sales Channel 14.14.1. OEM 14.14.2. Aftermarket 14.15. Rest of South America Automotive Teen Driver Technology Market Forecast, By Vehicle Type 14.15.1. Passenger Vehicle 14.15.2. Commercial Vehicle 14.16. Rest of South America Automotive Teen Driver Technology Market Forecast, By Sales Channel 14.16.1. OEM 14.16.2. Aftermarket 14.17. South America Automotive Teen Driver Technology Market Attractiveness Analysis 14.17.1. By Vehicle Type 14.17.2. By Sales Channel 14.18. PEST Analysis 14.19. Key Trends 14.20. Key Developments 15. Company Profiles 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications, and R&D investment 15.2.2. New Product Launches and Product Enhancements 15.2.3. Market Consolidation 15.2.3.1. M&A by Regions, Investment and Applications 15.2.3.2. M&A Key Players, Forward Integration and Backward Integration 15.3. Company Profiles: Key Players 15.3.1. General Motors Company 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Product Portfolio 15.3.1.4. Business Strategy 15.3.1.5. Recent Developments 15.3.1.6. Development Footprint 15.3.2. The Ford Motor Company 15.3.3. Hyundai Motor Company 15.3.4. Toyota Motor Sales, U.S.A., Inc. 15.3.5. AAA insuranc 15.3.6. Other. 16. Primary Key Insights

About This Report

Report ID 81670
Category Automation & Process Control
Published Date February 2021
Updated Date Oct 2021
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