Introduction: Commercial Vehicle Prognostic System Market
The failure time for various systems and their components is determined using prognostic systems for commercial vehicles. Failure in this context refers to the point at which a system can no longer be employed to achieve the desired task. Additionally, commercial vehicle prognosis has emerged as a distinct telematics advancement over time. Commercial vehicle prognostic systems can propagate upstream and downstream impacts across a vehicle system and communicate the source problem of any vehicle system.
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Automobile manufacturers offer an open platform that may be utilized to create telematics solutions for many stakeholders, such as Volvo. In addition, they provided a few of the application APIs from their system, which other manufacturers can use to create their own telematics products. Using GPS to track a car is now a common telematics application. However, because to developments in data analytics and cloud computing, it is now possible to identify every part of a vehicle. Systems for commercial vehicle prognostics have several uses. They are used to monitor fleet management, prognostics, and driving behavior. Achieving better mileage and fuel efficiency will be made possible through the employment of better technologies and enhanced gearbox design.
Market dynamics
The advancement of next-generation telematics protocol is one of the key trends that will contribute to commercial vehicle prognostic system market growth over the years. Some of the telematics service vendors, such as Connexions, WirelessCar (Volvo) and BMW, have already developed a standardized platform called Next-Generation Telematics Protocol (NGTP).
This flagged the way for the designing of more scalable and flexible telematics systems. The implementation of next-generation telematics protocols by telematics service providers will help in offering cost-effective telematics solutions to customers for making useful additions to the present telematics practices in the commercial vehicle prognostic system market. This ongoing trend related to prognostic systems will raise the demand for commercial vehicle prognostic systems in near future.
The problem associated with commercial vehicle prognostic systems is that only a few systems of a vehicle, such as tires and engine, can be prognosed. Furthermore, for completion of prognosis, the full system must link with the electronic interface. Such factors will hamper the market growth of the commercial vehicle prognostic system market.
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Segmentation
Basis of system type
- Weather prognostic system
- Traffic prognostic system
- Other
Basis of sales channel
- Sales channel
- Aftermarket
Basis of region
- North America
- Latin America
- Eastern Europe
- Western Europe
- APEJ
- Japan
- MEA
Regional outlook
North American countries, such as United States and Canada, with their developed automotive industry represent prominent regional markets. Moreover, the growth of the market in this region can mainly be attributed to high adoption of telematics in commercial vehicles and continuous progress and adoption of new business models.
Increasing demand for safety, navigation and comfort is escalating the adoption rate of electrical distribution systems in commercial vehicles. On the basis of these factors, the US is estimated to witness hefty market growth in the commercial vehicle prognostic market.
Welfares associated with commercial vehicle prognostics, such as cost saving and high reliability, will fuel the demand for these systems in the European market. Developing OEM production in Asia-Pacific is expected to gain high market growth over the coming years.
Key Players
- Open Text
- Lochbridge
- Teletrac Navma
- OnStar
- Pivotal Software
- Omnitracs
- Ridgetop Group
- Trimble
- National Instruments
- IJet Technologies
- Hortonworks DataRPM
- Telogis
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Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Japan
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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