Commercial vehicle prognostic systems are used to calculate the failure time for various systems and their components. Here, failure signifies the point at which a system can no longer be used to deliver the desired task or performance. Moreover, commercial vehicle prognostic has been a new area of development in telematics over the years. Commercial vehicle prognostic systems are capable of communicating the cause problem of any vehicle system and propagate upstream and downstream effects across a vehicle system. Automotive manufacturers, such as Volvo, provide an open platform that can be used to develop telematics solutions for different stakeholders. They have also offered some of the application interfaces from their solution, which can be utilized by other vendors to develop telematics solutions. Tracking a vehicle using GPS has now become a traditional application of telematics. However, with technological advancements in data analytics and cloud technology, it is possible to detect every component of the vehicle. Commercial vehicle prognostic systems have wide applications. They are used to observe driving behavior, fleet management and prognostics. The use of better technology and improved transmission design will help in attaining better mileage and fuel efficiency.
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.
In 2018, the global Commercial Vehicle Prognostic System market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
This report focuses on the global Commercial Vehicle Prognostic System status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Commercial Vehicle Prognostic System development in United States, Europe and China.
The key players covered in this study
Market segment by Type, the product can be split into
Weather Prognostic System
Traffic Prognostic System
Market segment by Application, split into
Light Duty Vehicle
Medium Duty Vehicle
Heavy Duty Vehicle
Market segment by Regions/Countries, this report covers
Central & South America
The study objectives of this report are:
To analyze global Commercial Vehicle Prognostic System status, future forecast, growth opportunity, key market and key players.
To present the Commercial Vehicle Prognostic System development in United States, Europe and China.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Commercial Vehicle Prognostic System are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.