Automotive Prognostics Market by Application, End-user, and Geography - Forecast and Analysis 2021-2025
- Published: May 2021
- Pages: 120
- SKU: IRTNTR40567
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The automotive prognostics market size has the potential to grow by USD 6.13 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 26.45%.
This report provides a detailed analysis of the market by end-user (aftermarket and OEMs), application (passenger cars and commercial vehicles), and geography (North America, Europe, APAC, South America, and MEA).
Automotive Prognostics Market Share
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Market Competitive Analysis
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Ansik Inc.
- Cloudera Inc.
- Continental AG
- Dell Technologies Inc.
- Garrett Motion Inc.
- General Motors Co.
- Omnitracs LLC
- Open Text Corp.
- Ridgetop Group Inc.
- Robert Bosch GmbH
The automotive prognostics market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as the growing popularity of electric vehicles to achieve growth opportunities. However, factors such as the development of in-house telematics solutions will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the automotive prognostics market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
This automotive prognostics market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
Automotive Prognostics Market: Key Drivers and Trends
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Automotive Prognostics Market: Segmentation by Geography
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51% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for automotive prognostics in North America. Market growth in this region will be faster than the growth of the market in MEA and South America.
The high adoption of advanced telematics systems in passenger cars and commercial vehicles will facilitate the automotive prognostics market growth in North America over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
Automotive Prognostics Market: Segmentation by End-user
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The automotive prognostics market share growth by the aftermarket segment will be significant during the forecast period. The adoption of the prognostics system by existing vehicle owners and fleet operators is likely to reduce unexpected vehicle breakdowns and increase the operating efficiency of fleets. As a result, aftermarket telematics service providers are increasingly demanding prognostics solutions.
Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive prognostics market size.
Key Highlights of the Automotive Prognostics Market Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive automotive prognostics market growth during the next five years
- Precise estimation of the automotive prognostics market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive prognostics industry across North America, Europe, APAC, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive prognostics market vendors
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Automotive Prognostics Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 26% |
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Market growth 2021-2025 |
$ 6.13 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
18.33 |
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Regional analysis |
North America, Europe, APAC, South America, and MEA |
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Performing market contribution |
North America at 51% |
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Key consumer countries |
US, Germany, China, UK, and Canada |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Ansik Inc., Cloudera Inc., Continental AG, Dell Technologies Inc., Garrett Motion Inc., General Motors Co., Omnitracs LLC, Open Text Corp., Ridgetop Group Inc., and Robert Bosch GmbH |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period, |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Five forces summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Application
- Market segments
- Comparison by Application
- Passenger cars - Market size and forecast 2020-2025
- Commercial vehicles - Market size and forecast 2020-2025
- Market opportunity by Application
Market Segmentation by End-user
- Market segments
- Comparison by End-user
- Aftermarket - Market size and forecast 2020-2025
- OEMs - Market size and forecast 2020-2025
- Market opportunity by End-user
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- APAC - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Ansik Inc.
- Cloudera Inc.
- Continental AG
- Dell Technologies Inc.
- Garrett Motion Inc.
- General Motors Co.
- Omnitracs LLC
- Open Text Corp.
- Ridgetop Group Inc.
- Robert Bosch GmbH
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
Frequently Asked Questions?
- US
- Canada
- Germany
- France
- Maintenance cost saving benefits of automotive prognostics system
- Increased accuracy in perceiving environment through sensor fusion technique
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