Press release
Automotive Prognostics Market is Anticipated to Expand upto $16.07 Billion in 2029
Automotive Prognostics
What Is the Forecasted Market Growth Rate of the Automotive Prognostics Industry?
In recent years, the size of the automotive prognostics market has seen a swift expansion. It is projected to escalate from $8.32 billion in 2024 to $9.62 billion in 2025, with a compound annual growth rate (CAGR) of 15.6%. The surge in the historic phase of growth can be linked to the rise in vehicle intricacy, adherence to regulatory standards, an intensifying focus on fleet administration, adoption by manufacturers and the aftermarket sector, along with integration with telematics systems.
How Will the Automotive Prognostics Market Size Evolve From 2025 to 2029?
In the upcoming years, the automotive prognostics market is projected to have substantial growth. It is forecasted to reach approximately $16.07 billion in 2029 with a compound annual growth rate (CAGR) of 13.7%. Several factors contribute to this projected growth during the forecast period such as AI and machine learning progress, enhanced vehicle connectivity, focus on electric and hybrid vehicles, tailored predictive maintenance tactics, and regulatory attention on predictive maintenance. Noteworthy trends during this period include partnerships with data analytics vendors, cybersecurity aspects, sensor technology advancements, connected car technologies, and condition-based monitoring.
Explore The Complete Report Now:
https://www.thebusinessresearchcompany.com/report/automotive-prognostics-global-market-report
What Are the Main Growth Drivers in the Automotive Prognostics Market Today?
The escalation in road mishaps is predicted to reinforce the expansion of the automotive prognostics market in the future. These mishaps are instances wherein vehicles in transit hit other vehicles, pedestrians, or immovable entities such as barriers, trees, or utility poles. Automotive prognostics or predictive diagnosis aims to deliver efficient maintenance planning, leading to reduced downtime, decreased expenses, enhanced safety, and higher value for highways, thereby reducing the fatalities from road accidents. For example, as per the Llywodraeth Cymru / Welsh Government, a governing body based in Wales, the police forces in Wales in 2023 reported a total of 4,348 road casualties, indicating a 2% surge compared to 2022. Thus, the growing demand for predictive diagnosis on roads stimulates the growth of the automotive prognostics market.
Get Free Sample Report Here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13605&type=smp
Which Automotive Prognostics Market Segment Is Expected to Lead Through 2029?
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 And Diagnostics (OBMD)
4) By End User: Original Equipment Manufacturer(OEM), After market, Fleet Operators, Private Owners
Subsegments:
1) By Hardware: Sensors, Data Acquisition Systems, Onboard Diagnostic Devices, Communication Interfaces
2) By Software: Predictive Analytics Software, Diagnostic Software, Data Visualization Tools, Machine Learning Algorithms
3) By Services: Consulting Services, Implementation And Integration Services, Maintenance And Support Services, Training And Education Services
Which Market Trends Are Expected to Dominate Automotive Prognostics Industry Growth?
Significant businesses active in the car prediction market are resorting to strategic alliances strategy in order to come up with creative car prediction. These alliances avail car prediction companies by combining assets and knowledge, encouraging research and development, widening market exposure, and encouraging faster product introduction. This cooperative strategy encourages creativity and hastens growth in the car prognostic area. For example, in October 2023, Infineon Technologies AG, a semiconductor manufacturing company from Germany, teamed up with Eatron Technologies, a software company from the UK. Through this alliance, Infineon and Eatron are looking to boost automotive battery management systems (BMS) by incorporating machine learning capabilities into Infineon's AURIX TC4x microcontroller. The partnership puts emphasis on enhancing battery performance, precision, and prediction, including state of health (SoH) and remaining useful life (RUL) forecasting.
Customize Your Insights And Get The Full Report Here:
https://www.thebusinessresearchcompany.com/customise?id=13605&type=smp
Which Companies Hold the Largest Market Share in the Automotive Prognostics Sector?
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
Where Is the Automotive Prognostics Market Experiencing the Highest Growth?
North America was the largest region in the automotive prognostics market in 2024. The regions covered in the automotive prognostics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Speak With Our Expert:
Saumya Sahay
Americas +1 310-496-7795,
Asia +44 7882 955267 & +91 8897263534,
Europe +44 7882 955267
Email:saumyas@tbrc.info
The Business Research Company -www.thebusinessresearchcompany.com
Follow Us On:
LinkedIn:https://in.linkedin.com/company/the-business-research-company
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
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 is Anticipated to Expand upto $16.07 Billion in 2029 here
News-ID: 4174983 • Views: …
More Releases from The Business Research Company
Microwave Ovens Market Expansion Continues, with Forecast Valuation of $15.17 Bi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Microwave Ovens Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
Over recent years, the market size of microwave ovens has seen a consistent growth. There will be an increase from $12.88 billion in 2024 to $13.18 billion in 2025, with a compound annual growth rate…
Rising Demand For Convenience Foods Fuels Growth Of Warmer Display Cases Market: …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Warmer Display Cases Market Size Growth Forecast: What to Expect by 2025?
The market size for warmer display cases has been expanding consistently in the past few years. The prediction is that it will rise from a value of $2.03 billion in 2024 to a value of $2.13 billion…
Panel Rack Mount Power Connector Industry Outlook 2025-2029: Market Set to Cross …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
How Large Will the Panel Rack Mount Power Connector Market Size By 2025?
The market size for panel rack mount power connectors has been experiencing a consistent expansion over the last few years. It's projected to see an increase from $3.49 billion in 2024 to $3.64 billion in 2025,…
Rising Adoption Of Solar And Wind Power Drives Growth In The Flow Battery Market …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Will the Flow Battery Industry Market Size Be by 2025?
The expansion of the flow battery market has been swift and significant in the recent past. Market projections indicate an increase from $0.74 billion in 2024 to $0.83 billion in 2025, reflecting a compound annual growth rate (CAGR)…
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…
