Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Automotive Prognostics Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Are the Key Forecast Insights for the Automotive Prognostics Market Growth?
The market size of the automotive prognostics industry has increased swiftly in the past few years. The market is projected to expand from $8.32 billion in 2024 to $9.62 billion in 2025, representing a compound annual growth rate (CAGR) of 15.6%.
What Is the Predicted Industry Size and CAGR of the Automotive Prognostics Market in 2029?
The anticipated market size for the global Automotive Prognostics Market in 2029 is projected to be $16.07 billion, expanding at a compound annual growth rate (CAGR) of 13.7%.
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Which Factors Are Driving Growth in the Automotive Prognostics Market?
The key drivers in the automotive prognostics market are:
• Advancements in AI and machine learning technology
• Increasing connectivity in vehicles
• Growing emphasis on electric and hybrid vehicles
• Focus on customized predictive maintenance strategies and regulatory emphasis on predictive maintenance.
Which Segment Trends Are Covered in the Automotive Prognostics Market Forecast?
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
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What Are the Current Market Trends in the Automotive Prognostics Industry?
The key trends in the automotive prognostics market are:
• The global automotive prognostics market is anticipated to be shaped by advances in artificial intelligence and machine learning.
• The trend of heightened connectivity in vehicles is notable in the field.
• The emphasis on electric and hybrid vehicles is a dominant trend set to shape this market.
• Customized predictive maintenance strategies and stronger regulatory emphasis on predictive maintenance are expected to impact the market.
Who are the Key Companies in the Automotive Prognostics Market?
Major players in the automotive prognostics market 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
What are the Regional Trends Across the Automotive Prognostics Market?
North America was the largest region in the automotive prognostics market in 2024
