NEW YORK, Feb. 1, 2023 /PRNewswire/ — The Automotive Prognostics Market by Application, End-user, and Geography – Forecast and Analysis 2023-2027 report has been revealed by Technavio. Market size is forecast to develop by USD 5,269.12 million between 2022 and 2027 at a CAGR of 21.58%. The report supplies a complete evaluation of growth alternatives at regional ranges, new product launches, the most recent traits, and the post-pandemic restoration of the worldwide market. Download A PDF Sample Report
By area, the worldwide automotive prognostics market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. North America will account for 42% of market growth throughout the forecast interval. Factors such because the excessive adoption of superior telematics methods in passenger vehicles and business autos and the event of autonomous autos are driving the growth of the automotive prognostics market in North America. Buy the report
The automotive prognostics market report consists of data on the important thing merchandise and up to date developments of main distributors, together with:
ANSYS Inc. – The firm gives automotive prognostics named Ansys optiSLang for course of integration and design optimization.
Bridgestone Corp. – The firm gives automotive prognostics with automotive components, upkeep companies, and restore companies.
Cloudera Inc. – The firm gives automotive prognostics corresponding to robotic welding and automation, metallic stamping, physique in white metallic pretreatment, and linked automotive actual time monitoring.
Continental AG – The firm gives automotive prognostics corresponding to a diagnostic routine for scripting and testing, guided fault discovering for autos, guided service features for seller servicing routines, CAD for electrical methods and related element packaging, and publication of designs and upkeep of constructing directions.
The market is pushed by components corresponding to upkeep cost-saving advantages of automotive prognostics system, elevated focus of outstanding automotive OEMs for enhancing automobile diagnostics companies, and the rising reputation of electrical autos creating demand for prognostics options. However, the excessive prices related to telematics companies are hindering market growth.
The aggressive state of affairs categorizes corporations primarily based on varied efficiency indicators. Some of the components thought of embody the monetary efficiency of corporations over the previous few years, growth methods, product improvements, new product launches, investments, and growth in market share amongst others. Request a Sample
By utility, the market is segmented into passenger vehicles and business autos. The passenger vehicles section accounted for the most important share of the market in 2022.
By geography, the market is segmented into APAC, North America, Europe, South America, and Middle East and Africa. North America held the most important share of the market in 2022.
The PLM software market size within the automotive sector is anticipated to increase by USD 2.06 billion from 2021 to 2026, and the market’s growth momentum will speed up at a CAGR of 6.92%. The rise in IoT integration is notably driving the PLM software program market growth within the automotive sector, though components corresponding to might impede the market growth.
The automotive software market size is anticipated to increase to USD 10.70 billion from 2021 to 2026, and the market’s growth momentum will speed up at a CAGR of 9%. The rising demand for differentiated in-car experiences is notably driving the automotive software program market growth, though components such because the rising complexity in software program structure leads to increased manufacturing prices for OEMs and suppliers might impede the market growth.
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What are the important thing information lined on this automotive prognostics market report?
CAGR of the market throughout the forecast interval.
Detailed data on components that can drive the growth of the market between 2023 and 2027
Precise estimation of the size of the automotive prognostics market and its contribution to the father or mother market.
Accurate predictions about upcoming traits and adjustments in client habits.
Growth of the market throughout APAC, North America, Europe, South America, and Middle East and Africa.
A radical evaluation of the market’s aggressive panorama and detailed details about distributors.
Comprehensive evaluation of components that can problem the growth of automotive prognostics market distributors.
Automotive Prognostics Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 21.58%
Market growth 2023-2027
USD 5,269.12 million
YoY growth 2022-2023 (%)
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
North America at 42%
US, Canada, China, Germany, and UK
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key corporations profiled
ANSYS Inc., Bridgestone Corp., Cloudera Inc., Continental AG, Dell Technologies Inc., Digital Management LLC, Fleet Complete, Garrett Motion Inc., International Business Machines Corp., Magna International Inc., Open Text Corp., Pioneer Corp., Predii Inc., Preteckt Inc., Ridgetop Group Inc., Samsung Electronics Co. Ltd., Solera Holdings LLC, VMware Inc., Progress Software Corp., and Robert Bosch GmbH
Parent market evaluation, market growth inducers and obstacles, fast-growing and slow-growing section evaluation, COVID-19 impression and restoration evaluation and future client dynamics, and market situation evaluation for the forecast interval.
If our report has not included the info that you’re trying for, you’ll be able to attain out to our analysts and get segments personalized.
Table of contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
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