Press release
Automotive Prognostics Market Report 2024 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : Stellantis N.V., General Motors Company, Bayerische Motoren Werke AG, Tesla Inc
Automotive Prognostics Global Market Report 2024
Automotive Prognostics Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $14.35 billion In 2028 At A CAGR Of 14.6% :
The automotive prognostics market size has grown rapidly in recent years. It will grow from $7.14 billion in 2023 to $8.32 billion in 2024 at a compound annual growth rate (CAGR) of 16.6%. The growth in the historic period can be attributed to increasing vehicle complexity, regulatory compliance, growing focus on fleet management, manufacturer and aftermarket adoption, integration with telematics systems.
The automotive prognostics market size is expected to see rapid growth in the next few years. It will grow to $14.35 billion in 2028 at a compound annual growth rate (CAGR) of 14.6%. The growth in the forecast period can be attributed to ai and machine learning advancements, increasing connectivity in vehicles, focus on electric and hybrid vehicles, customized predictive maintenance strategies, regulatory emphasis on predictive maintenance. Major trends in the forecast period include collaboration with data analytics providers, cybersecurity considerations, advancements in sensor technologies, connected car technologies, condition-based monitoring.
Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=13605&type=smp
Automotive Prognostics Market Major Segments
The automotive prognostics market covered in this report is segmented -
1) By Component: Hardware, Software , Services
2) By Vehicle Type: Passenger Vehicle, Hatchback, Sedan, Utility Vehicle, Light Commercial Vehicle, Trucks, Buses And Coaches
3) By Application: Engine (Combustion control, Condition Monitoring), Battery (Electric Power Generation , Traction Battery), Power Steering System, Suspension System, On Board Monitoring & Diagnostics (OBMD)
4) By End User: Original Equipment Manufacturer(OEM), Aftermarket, Fleet Operators, Private Owners
Key Driver - Automotive Prognostics Market Surges In Response To Road Accident Concerns
The rise in road accidents is expected to propel the growth of the automotive prognostics market going forward. Road accidents are the incidents that occur when vehicles on the road collide with one another, with pedestrians, or with stationary objects such as barriers, trees, or utility poles. Predictive diagnosis or automotive prognostics strives to provide successful and effective upkeep planning, resulting in less downtime, lower costs, more safety and increased value for roadways decreasing road accident fatalities. For instance, according to a statistical prediction of accident fatalities for 2021 by the National Highway Traffic Safety Administration, a US-based executive agency of the Department of Transportation led by the Secretary of Transportation, an estimated 42,915 persons perished in motor vehicle traffic collisions across the country. This marks a 10.5 percent increase over the 38,824 deaths reported in 2020. Therefore, the increased need for predictive diagnosis on the road is driving the automotive prognostics market.
Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=13605&type=smp
Prominent Trend - Focus On Model-Based Predictive Control (MPC) Technology Software To Drive The Revenues
Major companies operating in the automotive prognostic market are focusing on model-based predictive control (MPC) technology software to drive the revenues in the market. Model-based predictive control (MPC) technology software is a sort of software that predicts a system's future behavior using a mathematical model and then computes the best control actions to achieve the desired performance. For instance, in June 2021, Garrett Motion Inc., a Switzerland-based company that provides automotive prognostic tools and services, launched Model-Based Predictive Control (MPC) technology software. This technology can forecast and optimize the way a system operates in real-world conditions and enhances performance, efficiency and reliability. The company enables the technology's installation and deployment considerably faster and easier, allowing efficient implementation on existing and prospective vehicle platforms.
Automotive Prognostics Market Players
Major companies operating in the automotive prognostics market report are Stellantis N.V., General Motors Company, Bayerische Motoren Werke AG, Tesla Inc., International Business Machines Corporation, DENSO Corporation, Continental AG, Magna International Inc., Bridgestone Corporation, Cummins Inc., ZF Friedrichshafen AG, Lear Corporation, Infineon Technologies AG, NXP Semiconductor Inc., Harman International Industries, Delphi Technologies, Garrett Motion Inc., Ansys Inc., Digital Management LLC, HCL Technologies Limited, Robert Bosch GmbH, Aeris Communications, Covisint Corp., Cognosos Inc., Preteckt Inc., Acerta Analytics Solutions Inc., Ansik Inc., Hitachi Astemo Ltd
View The Full Report Here - https://www.thebusinessresearchcompany.com/report/automotive-prognostics-global-market-report
Largest And Fastest Growing Region In The Market
North America was the largest region in the automotive prognostics market in 2023. The regions covered in the automotive prognostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Automotive Prognostics Market Report Structure
3. Automotive Prognostics Market Trends And Strategies
4. Automotive Prognostics Market - Macro Economic Scenario
5. Automotive Prognostics Market Size And Growth
…..
27. Automotive Prognostics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ "
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Automotive Prognostics Market Report 2024 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : Stellantis N.V., General Motors Company, Bayerische Motoren Werke AG, Tesla Inc here
News-ID: 3510294 • Views: …
More Releases from The Business Research Company
Segmentation Analysis, Market Trends, and Competitive Landscape in the Insurance …
The insurance sector is poised for substantial growth over the coming years, driven by technological innovations and evolving risk landscapes. As digital transformation reshapes how insurance services are delivered, the industry is adapting to new challenges and opportunities that promise to redefine its future. Let's explore the market's growth projections, key players, emerging trends, and detailed segmentation.
Projected Expansion and Market Size of the Insurance Industry
The insurance market is…
Analysis of Segments and Major Growth Areas in the Money Transfer Services Marke …
The money transfer services sector is rapidly evolving, driven by technological advancements and changing consumer expectations. As global financial connectivity deepens, businesses and individuals alike are seeking faster, safer, and more convenient ways to send and receive money. This overview explores the market's size, key players, emerging trends, and segment dynamics shaping its future trajectory.
Projected Growth and Market Size of the Money Transfer Services Market
The money transfer services…
Emerging Growth Patterns Driving the Expansion of the Group Life Insurance Marke …
The group life insurance sector is positioned for substantial growth over the coming years, driven by evolving demographic and economic factors. As awareness around financial protection rises and workforce dynamics shift globally, this market is set to expand rapidly. Let's explore the expected market size, leading companies, influential trends, and key segments shaping the future of group life insurance.
Projected Market Expansion of the Group Life Insurance Market
The group…
In-Depth Examination of Segments, Industry Trends, and Key Players in the Mercha …
The merchant cash advance market is gaining significant traction as businesses seek more flexible financing options. With the rise of e-commerce and digital financial services, this sector is set for notable expansion. Below is an insightful overview of the market's size, key players, driving factors, trends, and segment dynamics that shape its future outlook.
Expected Growth Trajectory of the Merchant Cash Advance Market
The merchant cash advance market is projected…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
