Bottom Article Ad

Thursday, September 30, 2021

Global Automotive Prognostics Market to be Driven by the Rising Demand for Electric Vehicles in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Automotive Prognostics Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global automotive prognostics market, assessing the market based on its segments like end-use, application, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

Get a Free Sample Report with Table of Contents:

The key highlights of the report include:

Market Overview (2016-2026)

  • Forecast CAGR (2021-2026): 55%

With the growing popularity of electric vehicles, prognostic solutions are in high demand. The use of electric vehicles (EV) has increased greatly in order to minimise the air pollution caused by internal combustion engine (ICE) automobiles. The regulatory bodies offer a variety of benefits and rewards for EV adoption. Furthermore, advanced telematics systems are now standard on electric vehicles to track critical components like the battery. As a result of the growing adoption of EVs, the automotive prognostics market will expand.

Industry Definition and Major Segments

Automatic prognostics is a technology that predicts maintenance, improves device operation and efficiency, detects, and warns drivers when a problem occurs, and extends the lifetime of various automotive systems.

Explore full report with table of contents:

The industry can be categorised based on end-use into:

  • Aftermarket
  • OEMs

Based on application, the market is divided into:

  • Commercial Vehicles
  • Passenger Cars

The industry can be classified into the following regions:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

Vehicle electronics play an increasingly important role in automotive safety and comfort, prompting the integration of more modern electronic systems into vehicles. Any of these new systems failing could render the car inoperable for an extended period.  Thus, the predictive maintenance of vehicles has become important with the growing complexity of vehicle architectures, and hence, the demand for automotive prognostics is rising globally. Ongoing developments of connected and autonomous vehicles that provide enormous amounts of vehicle information for monitoring, analysing, and optimising vehicle performance are propelling the global automotive prognostics market. The rising focus of automakers to enhance safety and reduce costs associated with warranty claims is propelling the automotive prognostics market.

Key Market Players

The major players in the market are Cloudera, Inc., Robert Bosch GmbH, Open Text Corporation, Garrett Motion Inc., and International Business Machines Corporation, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Read More Reports:

Automotive Trim Market:

Automotive Antifreeze Market:

Overhead Cranes Market:

Bus Market:

Cylinder Deactivation System Market:

Automotive Fabric Market:

Brake System Market:

Electric Bike Market:

Electric Truck Market:

Automotive Engine Management System Market:

Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (, the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: EMR Inc.
Contact Person:-Ian Bell, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Explore more on Procurement Intelligence services of EMR Inc.


Post a Comment