Automotive Prognostics Market size was valued at US$ 7.048 Bn. in 2022. Battery, one of the segments reviewed in our report is dominating the market.Automotive Prognostics Market Overview:
Automotive Prognostics is the system that monitors the vehicles performance and based on the data received alerts the owner or repair service companies to take necessary action for prevention of failure or diagnose the component replacement necessities. The system compares the data received from different sensors attached to vehicle components with the standard operating parameters pre-set by the manufacturer to provide real-time insights on the failure probabilities and need for preventive maintenance.To know about the Research Methodology :- Request Free Sample Report
Automotive Prognostics Market Dynamics:
Increasing demand for predictive diagnostics on road and need for real time data analytics in the situations of accidents are the key factors considered to drive the demand for the system across the globe. Moreover, increasing investment by private automotive manufacturers in data based vehicle monitoring is the factor driving the demand for the product in the automotive prognostics market. In addition, changing consumer preferences towards maintenance prediction systems and increasing focus of automakers towards safety of the consumer are the factors considered to drive the demand for the product. According to USA NHTSA, more than 5% of the accidents occur due to mechanical failure in the vehicle. Furthermore, overall safety and integrated comfort given by automakers to the consumers is augmenting the market growth of the product. From engineering point of view, vehicle prognostics has become a key issue of concern as high operational life and prevention of failures are considered as key demand drivers in the market. According to IJSR research, Diagnostics can use a government mandated standard such as OBDII (On-board Diagnostics version II) as specified by CARB (California Air Resources Board).These are normally concerned with vehicle emissions. The method and information needed to access and decipher them is public knowledge. On the other hand, extraction of diagnosed data, evaluation of complex data to resolve the issues are some of the key factors restraining the product demand across the globe. More restraints and challenges in the market are analyzed in the report. Moreover, 2022 data is analyzed for post COVID analysis and key market trends. Figures are considered from 2017 in the report for the better understanding of the client in different end use domains.Automotive Prognostics Market Segment Analysis:
By Application, battery segment is expected to contribute as dominating segment to the Global Automotive Prognostics Market and forecasted to grow with a CAGR of 6% during the forecast period. The likelihood of the battery explosion or impacts of battery failure on the electric vehicle movements has demanded the installation of the predictive maintenance systems. The growing popularity of the electric vehicles and the dependence on batteries for the smooth functioning is anticipated to be the contributing factor for the segment’s growth. For instance, according to IEA, 2.1 million electric cars were sold in 2022, which totaled to 7.2 million electric cars, registering Y-O-Y growth of 40%.By Vehicle Type, Automotive Prognostics market is divided into passenger cars, LCV and HCV. Passenger vehicle segment is dominating the vehicle type segment with market share of approximately 34% in year 2022. According to OICA, China is leading the manufacturing of the passenger cars across the globe and vehicle electronics segment is also leading by APAC as semiconductor and ABS production is increasing across the region. The vehicle ownership rate of the passenger vehicle segment is high, thanks to the affordability facilitated by the financial companies and growing disposable income of middle-class families which are expected to be the contributing factors for the segment dominance.
Regional Insights:
North America is the dominating region in the market with approximately 40% market share owing to increasing investment by OEMs in the region in predictive maintenance and stringent safety regulations. Moreover, prevalence of autonomous vehicles in the region and increasing no. of prognostics system manufactures in the region of US and Canada are the factors driving the growth of the market. Ongoing developments in APAC and MEA regions for connected and autonomous vehicles is driving the market growth in the regions. According to IEEE reports, China accounted for approximately 36% share in the region owing to increasing prevalence of electronic component manufacturing in the region. India is the second dominating region in terms of vehicle manufacturing with predictive maintenance technologies as monitoring of the system and vehicle performance optimization are rapidly growing across the region. Europe is the fastest growing region in the market as Passenger vehicle manufacturers in the segment of premium and luxury vehicles are integrating automotive prognostics systems in order to reduce the vehicle recall, improve the effectiveness in warranty claims and satiate the demand from the end-users for ease of maintenance. Ridesharing companies in the region are expected to use the prognostics system for fleet optimization and enhanced operational productivity. The objective of the report is to present a comprehensive analysis of the Automotive Prognostics Market to the stakeholders in the industry. The past and current status of the industry with the 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 include Market leaders, followers, and new entrants. PORTER, 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 the Automotive Prognostics Market dynamics, structure by analyzing the Market segments and project the Automotive Prognostics Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Type portfolio, growth strategies, and regional presence in the Automotive Prognostics Market make the report investor’s guide.Automotive Prognostics Market Scope: Inquire before buying
Automotive Prognostics Market Base Year 2022 Forecast Period 2023-2029 Historical Data CAGR Market Size in 2022 Market Size in 2029 2018 to 2022 15% US$ 7.048 Bn US$ 18.75 Bn Segments Covered by Distribution Channel OEM Aftermarket by Vehicle Type Passenger Vehicle Light Commercial Vehicle Heavy Commercial Vehicle by Application Engine (Combustion control, Condition Monitoring) Battery (Electric Power Generation, Traction Battery) Power Steering System Suspension System On Board Monitoring & Diagnostics (OBMD) Regions Covered North America United States Canada Mexico Europe UK France Germany Italy Spain Sweden Austria Rest of Europe Asia Pacific China S Korea Japan India Australia Indonesia Malaysia Vietnam Taiwan Bangladesh Pakistan Rest of APAC Middle East and Africa South Africa GCC Egypt Nigeria Rest of ME&A South America Brazil Argentina Rest of South America Key Players are:
1.Harman International Industries, Inc. 2.Garret Motion Inc. 3.Preteckt 4.Cloudera Inc. 5.Ansik Inc. 6.Pivotal Software Inc. 7.Robert Bosch GmbH 8.IBM 9.Covisnt 10.HortonworksFAQ’S:
1) What is the market share of the Global Automotive Prognostics Market in 2022? Answer: The Automotive Prognostics Market was valued at the US $ 7.048 Billion in the year 2022. 2) Which is the dominating region for the Automotive Prognostics Market? Answer: North America is the dominating region in the market with approximately 40% market share owing to increasing investment by OEMs in the region in predictive maintenance 3) What are the key players in the Automotive Prognostics Market? Answer: Harman International Industries, Inc., Garret Motion Inc., Preteckt, Cloudera Inc., Ansik Inc., Pivotal Software Inc., Robert Bosch GmbH , IBM, Covisnt, Hortonworks and others. 4) Which factor acts as the driving factor for the growth of the Automotive Prognostics Market? Answer: Increasing demand for predictive diagnostics on road and need for real time data analytics in the situations of accidents are the key factors considered to drive the demand for the system across the globe. 5) What factors are restraining the growth of the Automotive Prognostics Market? Answer: Extraction of diagnosed data, evaluation of complex data to resolve the issues are some of the key factors restraining the product demand across the globe.
1.Preface 1.1. Market Definition and Key Research Objectives 1.2. Research Highlights 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: Automotive Prognostics Market Size, by Market Value (US$ Mn) 3.1. Global Market Segmentation 3.2. Global Market Segmentation Share Analysis, 2020 3.2.1. Global 3.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 3.3. Geographical Snapshot of the Automotive Prognostics Size Market 3.4. Geographical Snapshot of the Automotive Prognostics Market, By Manufacturer share 4. Automotive Prognostics Market Overview, 2022-2029 4.1. Market Dynamics 4.1.1. Drivers 4.1.1.1. Global 4.1.1.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.2. Restraints 4.1.2.1. Global 4.1.2.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.3. Opportunities 4.1.3.1. Global 4.1.3.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.4. Challenges 4.1.4.1. Global 4.1.4.2. By Region (North America, Europe, Asia Pacific, South America, Middle East Africa) 4.1.5. Industry Trends and Emerging Technologies 4.1.6. Porters Five Forces Analysis 4.1.6.1. Threat of New Entrants 4.1.6.2. Bargaining Type of Bucket of Buyers/Consumers 4.1.6.3. Bargaining Type of Bucket of Suppliers 4.1.6.4. Threat of Substitute Technologies 4.1.6.5. Intensity of Competitive Rivalry 4.1.7. Value Chain Analysis 4.1.8. Technological Roadmap 4.1.9. Regulatory landscape 4.1.10. Impact of the Covid-19 Pandemic on the Automotive Prognostics Market 5. Supply Side and Demand Side Indicators 6. Automotive Prognostics Market Analysis and Forecast, 2022-2029 6.1. Automotive Prognostics Market Size & Y-o-Y Growth Analysis. 7. Automotive Prognostics Market Analysis and Forecasts, 2022-2029 7.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 7.1.1. Engine (Combustion control, Condition Monitoring) 7.1.2. Battery (Electric Power Generation, Traction Battery) 7.1.3. Power Steering System 7.1.4. Suspension System 7.1.5. On Board Monitoring & Diagnostics (OBMD) 7.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 7.2.1. Passenger Vehicle 7.2.2. Light Commercial Vehicle 7.2.3. Heavy Commercial Vehicle 7.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 7.3.1. OEM 7.3.2. Aftermarket 8. Automotive Prognostics Market Analysis and Forecasts, By Region 8.1. Market Size (Value) Estimates & Forecast By Region, 2022-2029 8.1.1. North America 8.1.2. Europe 8.1.3. Asia-Pacific 8.1.4. Middle East & Africa 8.1.5. South America 9. North America Automotive Prognostics Market Analysis and Forecasts, 2022-2029 9.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 9.1.1. Engine (Combustion control, Condition Monitoring) 9.1.2. Battery (Electric Power Generation, Traction Battery) 9.1.3. Power Steering System 9.1.4. Suspension System 9.1.5. On Board Monitoring & Diagnostics (OBMD) 9.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 9.2.1. Passenger Vehicle 9.2.2. Light Commercial Vehicle 9.2.3. Heavy Commercial Vehicle 9.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 9.3.1. OEM 9.3.2. Aftermarket 10. North America Automotive Prognostics Market Analysis and Forecasts, By Country 10.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 10.1.1. US 10.1.2. Canada 10.1.3. Mexico 11. U.S. Automotive Prognostics Market Analysis and Forecasts, 2022-2029 11.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 11.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 11.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 12. Canada Automotive Prognostics Market Analysis and Forecasts, 2022-2029 12.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 12.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 12.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 13. Mexico Automotive Prognostics Market Analysis and Forecasts, 2022-2029 13.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 13.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 13.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 14. Europe Automotive Prognostics Market Analysis and Forecasts, 2022-2029 14.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 14.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 14.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 15. Europe Automotive Prognostics Market Analysis and Forecasts, By Country 15.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 15.1.1. U.K 15.1.2. France 15.1.3. Germany 15.1.4. Italy 15.1.5. Spain 15.1.6. Sweden 15.1.7. CIS Countries 15.1.8. Rest of Europe 16. U.K. Automotive Prognostics Market Analysis and Forecasts, 2022-2029 16.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 16.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 16.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 17. France Automotive Prognostics Market Analysis and Forecasts, 2022-2029 17.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 17.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 17.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 18. Germany Automotive Prognostics Market Analysis and Forecasts, 2022-2029 18.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 18.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 18.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 19. Italy Automotive Prognostics Market Analysis and Forecasts, 2022-2029 19.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 19.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 19.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 20. Spain Automotive Prognostics Market Analysis and Forecasts, 2022-2029 20.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 20.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 20.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 21. Sweden Automotive Prognostics Market Analysis and Forecasts, 2022-2029 21.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 21.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 21.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 22. CIS Countries Automotive Prognostics Market Analysis and Forecasts, 2022-2029 22.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 22.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 22.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 23. Rest of Europe Automotive Prognostics Market Analysis and Forecasts, 2022-2029 23.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 23.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 23.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 24. Asia Pacific Automotive Prognostics Market Analysis and Forecasts, 2022-2029 24.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 24.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 24.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 25. Asia Pacific Automotive Prognostics Market Analysis and Forecasts, by Country 25.1. Market Size (Value) Estimates & Forecast By Country, 2022-2029 25.1.1. China 25.1.2. India 25.1.3. Japan 25.1.4. South Korea 25.1.5. Australia 25.1.6. ASEAN 25.1.7. Rest of Asia Pacific 26. China Automotive Prognostics Market Analysis and Forecasts, 2022-2029 26.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 26.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 26.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 27. India Automotive Prognostics Market Analysis and Forecasts, 2022-2029 27.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 27.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 27.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 28. Japan Automotive Prognostics Market Analysis and Forecasts, 2022-2029 28.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 28.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 28.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 29. South Korea Automotive Prognostics Market Analysis and Forecasts, 2022-2029 29.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 29.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 29.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 30. Australia Automotive Prognostics Market Analysis and Forecasts, 2022-2029 30.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 30.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 30.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 31. ASEAN Automotive Prognostics Market Analysis and Forecasts, 2022-2029 31.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 31.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 31.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 32. Rest of Asia Pacific Automotive Prognostics Market Analysis and Forecasts, 2022-2029 32.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 32.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 32.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 33. Middle East Africa Automotive Prognostics Market Analysis and Forecasts, 2022-2029 33.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 33.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 33.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 34. Middle East Africa Automotive Prognostics Market Analysis and Forecasts, by Country 34.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 34.1.1. South Africa 34.1.2. GCC Countries 34.1.3. Egypt 34.1.4. Nigeria 34.1.5. Rest of ME&A 35. South Africa Automotive Prognostics Market Analysis and Forecasts, 2022-2029 35.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 35.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 35.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 36. GCC Countries Automotive Prognostics Market Analysis and Forecasts, 2022-2029 36.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 36.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 36.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 37. Egypt Automotive Prognostics Market Analysis and Forecasts, 2022-2029 37.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 37.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 37.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 38. Nigeria Automotive Prognostics Market Analysis and Forecasts, 2022-2029 38.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 38.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 38.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 39. Rest of ME&A Automotive Prognostics Market Analysis and Forecasts, 2022-2029 39.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 39.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 39.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 40. South America Automotive Prognostics Market Analysis and Forecasts, 2022-2029 40.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 40.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 40.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 41. South America Automotive Prognostics Market Analysis and Forecasts, by Country 41.1. Market Size (Value) Estimates & Forecast by Country, 2022-2029 41.1.1. Brazil 41.1.2. Argentina 41.1.3. Rest of South America 42. Brazil Automotive Prognostics Market Analysis and Forecasts, 2022-2029 42.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 42.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 42.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 43. Argentina Automotive Prognostics Market Analysis and Forecasts, 2022-2029 43.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 43.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 43.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 44. Rest of South America Automotive Prognostics Market Analysis and Forecasts, 2022-2029 44.1. Market Size (Value) Estimates & Forecast By Application, 2022-2029 44.2. Market Size (Value) Estimates & Forecast By Vehicle Type, 2022-2029 44.3. Market Size (Value) Estimates & Forecast By Distribution Channel, 2022-2029 45. Competitive Landscape 45.1. Geographic Footprint of Major Players in the Automotive Prognostics Market 45.2. Competition Matrix 45.2.1. Competitive Benchmarking of Key Players By Price, Presence, Market Share, and R&D Investment 45.2.2. New Product Launches and Product Enhancements 45.2.3. Market Consolidation 45.2.3.1. M&A by Regions, Investment and Verticals 45.2.3.2. M&A, Forward Integration and Backward Integration 45.2.3.3. Partnership, Joint Ventures and Strategic Alliances/ Sales Agreements 45.3. Company Profile : Key Players 45.3.1. Hermann International Industries Inc. 45.3.1.1. Company Overview 45.3.1.2. Financial Overview 45.3.1.3. Geographic Footprint 45.3.1.4. Product Portfolio 45.3.1.5. Business Strategy 45.3.1.6. Recent Developments 45.3.2. FN Herstal 45.3.3. Harman International Industries, Inc. 45.3.4. Garret Motion Inc. 45.3.5. Preteckt, Cloudera Inc. 45.3.6. Ansik Inc. 45.3.7. Pivotal Software Inc. 45.3.8. Robert Bosch GmbH 45.3.9. IBM 45.3.10. Covisnt 45.3.11. Hortonworks