​Global Commercial Vehicle Prognostic Systems Market Expected To Grow At CAGR Of 30.15% Between Years 2017-2021

About Commercial Vehicle Prognostic Systems Market

The prognostic system predicts the failure time for the component or system. Here, failure represents the point at which system can no longer be used to meet desired performance. Hence, the prognostic system informs the user of the remaining useful life (RUL) of the component. The market encompasses commercial vehicles, which have some type of prognostic applications, across the world. The global commercial vehicle prognostic system market is concentrated with top firms accounting for the maximum portion, particularly focused on the aftermarket. Additionally, the prognostic system market is at a nascent stage. However, growing demand for the prognostic system owing to its benefit of higher reliability and cost saving in developed regions like North America and Europe is allowing software and data analytics companies to enter the market.

Technavios analysts forecast the global commercial vehicle prognostic systems market to grow at a CAGR of 30.15% during the period 2017-2021.

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Covered in this report

The report covers the present scenario and the growth prospects of the global commercial vehicle prognostic systems market for 2017-2021. To calculate the market size, the report considers the volume of commercial vehicles having prognostic application.

The market is divided into the following segments based on geography:

Americas

APAC

EMEA

Technavio's report, Global Commercial Vehicle Prognostic Systems Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

Open Text

National Instruments

OnStar

Pivotal Software

Hortonworks

Other prominent vendors

DataRPM

iJet Technologies

Lochbridge

Omnitracs

Ridgetop Group

Telogis

Teletrac Navman

Trimble

Market driver

Rising cost pressure on fleet operators pushing adoption of cost optimization strategies

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Market challenge

Fleet tracking has become a costly affair, putting pressure on prognostic system adoption

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Market trend

Growing usage of advanced analytics on telematics data to reduce risk severity

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Key questions answered in this report

What will the market size be in 2021 and what will the growth rate be?

What are the key market trends?

What is driving this market?

What are the challenges to market growth?

Who are the key vendors in this market space?

What are the market opportunities and threats faced by the key vendors?

What are the strengths and weaknesses of the key vendors?

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Table of Contents

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

Commercial vehicle prognostic system: market dynamics

Value chain analysis

PART 05: Market landscape

Market Overview

Prognostic system categories

Market size and forecast

Five forces analysis

PART 06: Market segmentation by service providers

Global commercial vehicle prognostic system market segmentation by service providers

Global commercial vehicle prognostic system market by aftermarket

Global commercial vehicle prognostic system market by OEMs

PART 07: Geographical segmentation

Segmentation of commercial vehicle prognostic systems market by geography

Commercial vehicle prognostic systems market in North America

Commercial vehicle prognostic systems market in Europe

Commercial vehicle prognostic systems market in ROW

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PART 08: Decision framework

PART 09: Drivers and challenges

Market drivers

Market challenges

PART 10: Market trends

PART 11: Vendor landscape

Competitive benchmarking

Other prominent vendors

PART 12: Key vendor analysis

OpenText (Covisint)

Hortonworks

National Instruments

OnStar

Pivotal Software

PART 13: Appendix