Automotive Prognostics Market Report and Forecast 2025-2034

The global automotive prognostics market size is projected to grow at a CAGR of about 55.00% during the forecast period 2025-2034. The industry is primarily being aided by the rising demand for electric vehicles. North America is one of the largest regions for the market.

Automotive Prognostics Market Segmentation

Automatic prognostics refers to a technology which forecasts maintenance, enhances systems operation and reliability, identifies and alerts drivers if there is a malfunction, and extends the lifespan of different automotive systems.

The industry can be broadly categorised based on its end-use segments into:

• Aftermarket
• OEMs

It finds wide applications in the following sectors:

• Commercial Vehicles
• Passenger Cars

Market Breakup by Region

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Automotive Prognostics Market Analysis

The increasing popularity of electric vehicles creates a considerable demand for prognostic solutions. In order to reduce air pollution generated by internal combustion engine (ICE) cars, the use of electric vehicles (EV) has increased significantly. In addition, regulatory bodies provide multiple incentives and rewards for the adoption of EV. EVs adopt advanced telematics services as a standard fit to track important components like battery. As a result, the increasing adoption by EVs will result in the growth of the automotive prognostics market.

The industry was dominated by the aftermarket segment in 2020. The segment is expected to continue to dominate the industry in the forecast period as well.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global automotive prognostics market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Cloudera, Inc.
• Robert Bosch GmbH
• Open Text Corporation
• Garrett Motion Inc.
• International Business Machines Corporation
• Others

The report gives an in-depth insight into the automotive prognostics market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.