Automotive Prognostics Market Forecast Driven by Predictive Maintenance and Connected Vehicle Technologies | Valuates Reports

Automotive Prognostics Market
The global Automotive Prognostics market was valued at US$ million in 2023 and is anticipated to reach US$ million by 2030, witnessing a CAGR of % during the forecast period 2024-2030.

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The automotive prognostics market is experiencing solid market growth, driven by the increasing integration of predictive maintenance systems and connected vehicle technologies. The market size continues to expand as automakers and service providers seek to reduce downtime, improve safety, and optimize vehicle performance through real-time diagnostics.

By vehicle type, passenger vehicles-including hatchbacks and sedans-currently hold the largest combined market share, reflecting widespread adoption of prognostic systems in consumer-oriented models to support warranty management and proactive servicing. Utility vehicles and light commercial vehicles represent a significant and growing segment, as these vehicles benefit from minimizing operational disruptions. Truck fleets and buses & coaches also show substantial adoption, driven by fleet operators looking to enhance safety and reduce maintenance costs through advanced prognostic insights.

In terms of application, the OEM segment commands the majority of the market size, as automotive manufacturers increasingly embed prognostics during design and production to enable connected vehicle services and ensure warranty performance. The aftermarket follows with a notable share, supported by independent service providers offering retrofitting and diagnostic upgrades. Fleet operators collectively represent a growing share, utilizing prognostic technologies to manage uptime and operational efficiency across commercial vehicles. Private owners, though a smaller segment, are increasingly embracing accessible prognostic tools integrated into mobile apps and vehicle dashboards.

Overall, the automotive prognostics market forecast indicates continued market growth, supported by expanding connected vehicle infrastructure, the proliferation of telematics, and rising demand for predictive maintenance across both OEM and aftermarket landscapes.

Segment by Type

• Passenger Vehicle
• Hatchback
• Sedan
• Utility Vehicle
• Light Commercial Vehicle
• Trucks
• Buses & Coaches

Segment by Application

• OEM (Automaker)
• Aftermarket
• Fleet Operators
• Private Owners

By Company
Ansik Inc., Cloudera Inc., Covisnt, Garret Motion Inc., HARMAN International, Hortonworks, IBM, Pivotal Software Inc., Preteckt

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This release was published on openPR.