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The global automotive prognostics market size is projected to grow at a CAGR of about 55% during the forecast period 2024-2032. The industry is primarily being aided by the rising demand for electric vehicles. North America is one of the largest regions for the market.
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Automatic prognostics refers to a technology which forecasts maintenance, enhances systems operation and reliability, identifies and alerts drivers if there is a malfunction, and extends the lifespan of different automotive systems.
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The industry can be broadly categorised based on its end-use segments into:
It finds wide applications in the following sectors:
The EMR report looks into the regional markets of automotive prognostics like North America, the Middle East and Africa, Latin America, Europe, and the Asia Pacific.
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The increasing popularity of electric vehicles creates a considerable demand for prognostic solutions. In order to reduce air pollution generated by internal combustion engine (ICE) cars, the use of electric vehicles (EV) has increased significantly. In addition, regulatory bodies provide multiple incentives and rewards for the adoption of EV. EVs adopt advanced telematics services as a standard fit to track important components like battery. As a result, the increasing adoption by EVs will result in the growth of the automotive prognostics market.
The industry was dominated by the aftermarket segment in 2020. The segment is expected to continue to dominate the industry in the forecast period as well.
The report presents a detailed analysis of the following key players in the global automotive prognostics market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the automotive prognostics market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by End Use |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
Automotive Prognostics Market Size
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The global automotive prognostics market is estimated to witness a significant growth at a CAGR of 55% in the forecast period of 2024-2032.
The market growth is being driven by the rising demand for automotive prognostics from fleet and vehicle owners, growing penetration of connected vehicles, and the increasing demand for technologically advanced prognostic systems.
The growing demand and rising investments in the electric vehicles market, which is expected to propel the demand for automotive prognostics is expected to be a key trend guiding the growth of the industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Aftermarket and OEM are the leading end use sectors of the product in the market.
The major application segments of the product in the industry include commercial vehicles and passenger cars.
The major players in the industry are Cloudera, Inc., Robert Bosch GmbH, Open Text Corporation, Garrett Motion Inc., International Business Machines Corporation, Others
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+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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