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
Autonomous Emergency Braking System (AEBS) Market Growth to be Driven by Emergin …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Autonomous Emergency Braking System (AEBS) Industry?
The market size of the autonomous emergency braking system (aebs) has seen a tremendous surge in growth in the past few years. The market is predicted to inflate from $38.47 billion in 2024 to $47.26 billion in…
Bus Rapid Transit System Industry to See Robust Expansion, Valued at $4.46 Billi …
"Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Projected CAGR for the Bus Rapid Transit System Market from 2024 to 2025?
In recent times, there has been a robust growth in the market size of the bus rapid transit system. The market is projected to expand from $2.83 billion in 2024 to $3.08 billion in 2025, with…
Automotive Testing, Inspection And Certification (TIC) Market Size to Reach $30. …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Automotive Testing, Inspection And Certification (TIC) Industry?
In recent times, there has been a significant expansion in the size of the automotive testing, inspection and certification (tic) market. The market, which was valued at $21.56 billion in 2024, is projected to increase to…
Electronic Limited Slip Differential Market to Record 12% CAGR Growth Through 20 …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Electronic Limited Slip Differential Market Outlook: How is the Market Expected to Grow by 2025?
The market size for the electronic limited slip differential has seen a swift increase over the recent past. The market value, set to rise from $3.6 billion in 2024 to $4.02 billion in 2025, is…
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…
