Automotive Prognostics Market to witness $ 6.13 Billion growth at 26% CAGR during 2021-2025 | Technavio

NEW YORK, June 17, 2021 /PRNewswire/ —

The global automotive prognostics market is set to grow by USD 6.13 billion during 2021-2025, registering a CAGR of over 26%. With a focus on identifying dominant industry influencers, Technavio’s reports present a detailed study by the way of synthesis, and summation of data from multiple sources. This report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Ansik Inc., Cloudera Inc., Continental AG, Dell Technologies Inc., Garrett Motion Inc., General Motors Co., Omnitracs LLC, Open Text Corp., Ridgetop Group Inc., and Robert Bosch GmbH are some of the major market participants.

The maintenance cost-saving benefits of automotive prognostics systems and the increased focus of prominent automotive OEMs for improving vehicle diagnostics services will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Automotive Prognostics Market 2021-2025: Segmentation

Automotive Prognostics Market is segmented as below:

End-user
Application

Passenger Cars
Commercial Vehicles

Geography

North America
Europe
APAC
South America
MEA

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Automotive Prognostics Market 2021-2025: Vendor Analysis and Scope

To help businesses improve their market position, the automotive prognostics market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include Ansik Inc., Cloudera Inc., Continental AG, Dell Technologies Inc., Garrett Motion Inc., General Motors Co., Omnitracs LLC, Open Text Corp., Ridgetop Group Inc., and Robert Bosch GmbH.

The report also covers the following areas:

Automotive Prognostics Market size
Automotive Prognostics Market trends
Automotive Prognostics Market industry analysis

The growing popularity of electric vehicles creating demand for prognostics solutions is likely to emerge as one of the primary drivers of the market. However, the high cost associated with telematics services exert pressure on the adoption of prognostics system may threaten the growth of the market.

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Automotive Prognostics Market 2021-2025: Key Highlights

CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist automotive prognostics market growth during the next five years
Estimation of the automotive prognostics market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the automotive prognostics market
Analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of automotive prognostics market vendors

Table of Contents:

Executive Summary

Market Landscape

Market ecosystem
Value chain analysis

Market Sizing

Market definition
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 – 2025

Five Forces Analysis

Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market condition

Market Segmentation by Application

Market segments
Comparison by Application
Passenger cars – Market size and forecast 2020-2025
Commercial vehicles – Market size and forecast 2020-2025
Market opportunity by Appli
cation

Market Segmentation by End-user

Market segments
Comparison by End-user
Aftermarket – Market size and forecast 2020-2025
OEMs – Market size and forecast 2020-2025
Market opportunity by End-user

Customer landscape

Geographic Landscape

Geographic segmentation
Geographic comparison
North America – Market size and forecast 2020-2025
Europe – Market size and forecast 2020-2025
APAC – Market size and forecast 2020-2025
South America – Market size and forecast 2020-2025
MEA – Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market drivers
Market challenges
Market trends

Vendor Landscape

Overview
Landscape disruption

Vendor Analysis

Vendors covered
Market positioning of vendors
Ansik Inc.
Cloudera Inc.
Continental AG
Dell Technologies Inc.
Garrett Motion Inc.
General Motors Co.
Omnitracs LLC
Open Text Corp.
Ridgetop Group Inc.
Robert Bosch GmbH

Appendix

Scope of the report
Currency conversion rates for US$
Research methodology
List of abbreviations

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