Market Research Logo

Global Commercial Vehicle Prognostic Systems Market 2017-2021

Global Commercial Vehicle Prognostic Systems Market 2017-2021

About Commercial Vehicle Prognostic Systems

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.

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

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
  • For a full, detailed list, view our report
Market challenge
  • Fleet tracking has become a costly affair, putting pressure on prognostic system adoption
  • For a full, detailed list, view our report
Market trend
  • Growing usage of advanced analytics on telematics data to reduce risk severity
  • For a full, detailed list, view our report
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?


Press Release

Technavio Announces the Publication of its Research Report – Global Commercial Vehicle Prognostic Systems Market 2017-2021

Technavio recognizes the following companies as the key players in the global commercial vehicle prognostic systems market: Open Text, National Instruments, OnStar, Pivotal Software, and Hortonworks.

Other Prominent Vendors in the market are: DataRPM, iJet Technologies, Lochbridge, Omnitracs, Ridgetop Group, Telogis, Teletrac Navman, and Trimble.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Growing usage of advanced analytics on telematics data to reduce risk severity. Advanced analytics are increasingly being used in telematics data and this is leading to personalized solutions for customers. This solution has enabled restricting data breach and risk severity. Telematics enables control and understanding of recall issues, which potentially cost billions of dollars to the OEMs. OEMs are partnering with telecom service providers to increase profits.”

According to the report, one of the major drivers for this market is Rising cost pressure on fleet operators pushing adoption of cost optimization strategies. Fleet operators are faced with continuous cost pressure from the operation owing to price fluctuation of fuels and inefficiency of fleet operation. To efficiently manage cost, fleet operators are adopting cost optimization strategies that allow them to reduce cost. For instance, as the focus of fleet managers is on optimizing fuel consumption and enhancing fleet management efficiency, the fleet managers often cite that innovations and improvements in the vehicle engine can keep a good check on the vehicle's fuel consumption. Innovations can also be in the areas of reducing cylinder numbers and using turbochargers. The use of improved transmission design and technology adds to the ways of achieving better mileage and fuel efficiency. As remote diagnostics helps in remote monitoring of vehicle components, the data generated by each of the components will be a valuable source of information to improve the components design parameters. The remote diagnostics service can also help in monitoring the driver's driving style, and hence data associated with this can help in training the drivers better.

Further, the report states that one of the major factors hindering the growth of this market is Fleet tracking has become a costly affair, putting pressure on prognostic system adoption. Initial costs when setting up telematics include license, setup and installation fee, and payment for customization and integration with current systems. The license need periodic renewals which is expensive. For instance, TRACKER (UK’s stolen vehicle recovery company) has a base rate of $381 for its TRACKER Fleet offering, with a monthly fee of $18.69 for a one-year subscription.

Companies Mentioned

Open Text, National Instruments, OnStar, Pivotal Software, Hortonworks, DataRPM, iJet Technologies, Lochbridge, Omnitracs, Ridgetop Group, Telogis, Teletrac Navman, and Trimble.

  • Executive summary
  • Scope of the report
  • Research Methodology
  • Introduction
    • Table Top ten countries by GDP 2012-2015 ($ billion)
    • Table Global commercial vehicles market 2016-2021 (units in million)
    • Table Automotive remote diagnostics segmentation by type
    • Table Repair and maintenance strategies for CVs
    • Commercial vehicle prognostic system: market dynamics
    • Value chain analysis
      • Table Value chain analysis of commercial vehicle prognostic system
  • Market landscape
    • Market Overview
      • Table Segmentation of commercial vehicle prognostic systems market
    • Prognostic system categories
      • Table Prognostic system categories
    • Market size and forecast
      • Table Global commercial vehicle prognostic system market 2016-2021 (units in thousands)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by service providers
    • Global commercial vehicle prognostic system market segmentation by service providers
      • Table Segmentation of global commercial vehicle prognostic system market by service providers 2016 and 2021
      • Table Global commercial vehicle prognostic system market by service providers 2016-2021
    • Global commercial vehicle prognostic system market by aftermarket
      • Table Global commercial vehicle prognostic system market by aftermarket service providers 2016-2021 (units in thousands)
    • Global commercial vehicle prognostic system market by OEMs
      • Table Global commercial vehicle prognostic system market by OEMs 2016-2021 (thousands of units)
  • Geographical segmentation
    • Segmentation of commercial vehicle prognostic systems market by geography
      • Table Global commercial vehicle prognostic systems market by geography 2016 and 2021
      • Table Global commercial vehicle prognostic systems market by geography 2016-2021
    • Commercial vehicle prognostic systems market in North America
      • Table Commercial vehicle prognostic systems market in North America 2016-2021 (thousands of units)
    • Commercial vehicle prognostic systems market in Europe
      • Table Commercial vehicle prognostic systems market in Europe 2016-2021 (thousands of units)
    • Commercial vehicle prognostic systems market in ROW
      • Table Commercial vehicle prognostic system market in ROW 2016-2021 (thousands of units)
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Prognostic system working
      • Table BRIC countries connectivity solutions brief
    • Market challenges
  • Market trends
    • Table Total cost of ownership (TCO) in commercial vehicles
  • Vendor landscape
    • Competitive benchmarking
    • Other prominent vendors
  • Key vendor analysis
    • OpenText (Covisint)
      • Table OpenText (Covisint): Business segmentation by revenue 2015
      • Table OpenText (Covisint): Business revenue 2014 and 2015 ($ millions)
      • Table OpenText (Covisint): Geographical segmentation by revenue 2015
      • Table OpenText (Covisint): Product portfolio
      • Table OpenText (Covisint): Recent developments
    • Hortonworks
      • Table Hortonworks: Business segmentation by revenue 2016
      • Table Hortonworks: Business revenue 2015 and 2016 ($ millions)
      • Table Hortonworks: Geographical segmentation by revenue 2016
      • Table Hortonworks: Recent Developments
    • National Instruments
      • Table National Instruments: Business segmentation by revenue 2016
      • Table National Instruments: Business revenue 2015 and 2016 ($ billions)
      • Table National Instruments: Geographical segmentation by revenue 2016
      • Table National Instruments: Product portfolio
    • OnStar
      • Table OnStar: Product portfolio
      • Table OnStar: Recent developments
    • Pivotal Software
      • Table Pivotal Software: Product portfolio
      • Table Pivotal Software: Recent Developments
  • Appendix
    • List of abbreviation
  • Explore Technavio

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report