Global Commercial Vehicle Prognostic Systems Market 2017-2021

Overview of the global commercial vehicle prognostic systems market

Research analysis on the global commercial vehicle prognostic systems market identifies that the evolution of the automotive remote diagnostics to prognostics will be one of the major factors that will have a positive impact on the growth of the market. Technavio's market research analysts predict that this market will grow at a CAGR of more than 30% by 2021. Automotive remote diagnostics has developed into an improved connected technology called prognostics. This feature can actively keep track of the health condition of vehicle components and alert customers when the vehicle needs attention. Remote vehicle diagnostics techniques will eliminate the need to take the vehicle to a servicing center. Currently, there are only a few components such as engine and tires covered by this feature. With rapid developments in the automotive industry, the automotive manufacturers will add more vehicle parts and components under prognostics in the coming years.

The development of next-generation telematics protocol will be one of the key trends that will contribute to this market growth in the coming years. BMW and telematics service vendors such as WirelessCar (Volvo) and Connexis have already developed a standardized platform called Next-Generation Telematics Protocol (NGTP). This paved the way for designing more flexible and scalable telematics systems. Automotive manufacturers such as Volvo already provide an open platform, which can be used to develop telematics solutions for different stakeholders. They have offered some of the application interfaces from their solution, which can be utilized by other vendors to develop telematics solutions. The implementation of NGTP by telematics service providers will assist them in offering robust and cost-effective telematics solutions to customers making a useful addition to the present telematics practices in the commercial vehicle telematics market.

Competitive landscape and key vendors  

The commercial vehicle prognostic system market consists of few top players. However, the market is likely to witness the emergence of new players to cater to the rising demand for prognostic systems, particularly from the aerospace market. The increasing telematics solutions in commercial vehicles have led to the adoption of advanced failure detecting systems like prognostic system. Moreover, the emphasis of the automobile manufacturers on fleet management technology is also expected to propel the growth opportunities of the vendors in this marketspace.

The leading vendors in the market are -

• Open Text
• National Instruments
• OnStar
• Pivotal Software
• Hortonworks

The other prominent vendors in the market are DataRPM, iJet Technologies, Lochbridge, Omnitracs, Ridgetop Group, Telogis, Teletrac Navman, and Trimble.

Segmentation by service providers and analysis of the commercial vehicle prognostic systems market

• Aftermarket
• OEMs

During 2016, the aftermarket segment accounted for the major shares of the commercial vehicle prognostic systems market. The increased adoption of prognostic systems by fleet operators due to the need to increase the operation efficiency of the fleets, will contribute to the growth of this market segment in the coming years.

Geographical segmentation and analysis of the commercial vehicle prognostic systems market

• Europe
• North America
• ROW

This market study estimates that in terms of geographic regions, North America will be the major revenue contributor to the commercial vehicle prognostic systems market throughout the forecast period. The growth of the market in this region mainly attributes to the high adoption of telematics in commercial vehicles and continuous upgradations and the adoption of new business models.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global commercial vehicle prognostic systems market?
• What are the key market trends impacting the growth of the global commercial vehicle prognostic systems market?
• What are the challenges to market growth?
• Who are the key vendors in the global commercial vehicle prognostic systems market?
• What are the market opportunities and threats faced by the vendors in the global commercial vehicle prognostic systems market?
• Trending factors influencing the market shares of Europe, North America, and ROW.
• What are the key outcomes of the five forces analysis of the global commercial vehicle prognostic systems market?

Technavio also offers customization on reports based on specific client requirement.

Commercial vehicle prognostic systems are used to assess the health condition and reliability of systems and automotive components for the purpose of maximizing operational reliability and safety. This upcoming market research report on the global commercial vehicle prognostic systems market is an essential part of Technavio?s automotive industry and offers insights into the automotive electronics sector. The upcoming market research report on the global commercial vehicle prognostic systems market also covers vendors like Delphi, Continental, OnStar, Magneti Marelli, Softing AG, Voxx International, Snap-On Inc., Vector Informatik, and Vidiwave.

Market research analysts at Technavio conduct a comprehensive qualitative and quantitative research to develop a holistic overview of the automotive market by considering factors such as market drivers, market size, and the growth potential to offer clients valuable insights into the latest developments in this market space. This market study also offers a complete analysis of the automotive electronics sector by gathering information from research journals and consumer surveys.

This market research report on the global commercial vehicle prognostic systems market also takes into account the growth of related markets like the commercial vehicle pedestrian protection system (PPS) and commercial vehicle infotainment system, which are anticipated to grow at a CAGR of nearly 7% and 13%, respectively, by 2021. According to our research analysts, the growing need for the prognosis of future component deviations or failures in advance for increased profit and efficiency for commercial fleets may result in a higher demand for commercial vehicle prognostic systems across the globe. This report on the global commercial vehicle prognostic systems market also covers geographies like the APAC, EMEA, and Americas.

The upcoming research report on the global commercial vehicle prognostic systems market also covers key business intelligence areas such as market growth rate, emerging trends, competitive landscape, and the opportunities and challenges faced by the industry in the automotive electronics market. Additionally, this report on the global commercial vehicle prognostic systems market also covers an analysis of related sectors of the automotive electronics industry like automotive services, automotive components, and auto accessories.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.