Press release
Commercial vehicle prognostic system Market Greater Revenue Share by 2017 - 2025
Global Commercial vehicle prognostic system:
Market dynamics:
The advancement of next-generation telematics protocol is one of the key trends that will contribute to commercial vehicle prognostic system market growth over the years. Some of the telematics service vendors, such as Connexions, WirelessCar (Volvo) and BMW, have already developed a standardized platform called Next-Generation Telematics Protocol (NGTP). This flagged the way for the designing of more scalable and flexible telematics systems. The implementation of next-generation telematics protocols by telematics service providers will help in offering cost-effective telematics solutions to customers for making useful additions to the present telematics practices in the commercial vehicle prognostic system market. This ongoing trend related to prognostic systems will raise the demand for commercial vehicle prognostic systems in near future.
The problem associated with commercial vehicle prognostic systems is that only a few systems of a vehicle, such as tires and engine, can be prognosed. Furthermore, for completion of prognosis, the full system must link with the electronic interface. Such factors will hamper the market growth of the commercial vehicle prognostic system market.
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Global Commercial vehicle prognostic system:
Segmentation:
Commercial vehicle prognostic systems can be segmented on the basis of system type, sales channel and region.
On the basis of system type, the commercial vehicle prognostic market can be segmented into:
Weather prognostic system
Traffic prognostic system
Other
On the basis of sales channel, the commercial vehicle prognostic market can be segmented into:
Sales channel
Aftermarket
On the basis of region, commercial vehicle prognostic market can be segmented into:
North America
Latin America
Eastern Europe
Western Europe
APEJ
Japan
MEA
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Global Commercial vehicle prognostic system:
Regional outlook:
North American countries, such as United States and Canada, with their developed automotive industry represent prominent regional markets. Moreover, the growth of the market in this region can mainly be attributed to high adoption of telematics in commercial vehicles and continuous progress and adoption of new business models. Increasing demand for safety, navigation and comfort is escalating the adoption rate of electrical distribution systems in commercial vehicles. On the basis of these factors, the US is estimated to witness hefty market growth in the commercial vehicle prognostic market. Welfares associated with commercial vehicle prognostics, such as cost saving and high reliability, will fuel the demand for these systems in the European market. Developing OEM production in Asia-Pacific is expected to gain high market growth over the coming years. The sales of vehicles has been going up since past few years in Asian countries. Latin America is estimated to register steady growth in the commercial vehicle prognostic market over the forecast period. Middle East and Africa’s fast-growing aftermarket sales channel will let commercial vehicle prognostic market grow with significant CAGR.
Global Commercial vehicle prognostic system:
Key Players:
Some of the key players identified across the commercial vehicle prognostic system market are:
Open Text
Lochbridge
Teletrac Navma
OnStar
Pivotal Software
Omnitracs
Ridgetop Group
Trimble
National Instruments
IJet Technologies
Hortonworks DataRPM
Telogis
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