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Commercial vehicle prognostic system Market Size Projected to Rise Lucratively during 2017-2025

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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.
Introduction:
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.
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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.
Global Commercial vehicle prognostic system:
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 nextgeneration 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.
Global Commercial vehicle prognostic system:
Segmentation:
Commercial vehicle prognostic systems can be segmented on the basis of system type, sales
channel and region.
On the basis of system type, the commercial vehicle prognostic market can be segmented into:
Weather prognostic system
Traffic prognostic system
Other
On the basis of sales channel, the commercial vehicle prognostic market can be segmented into:
Sales channel
Aftermarket
On the basis of region, commercial vehicle prognostic market can be segmented into:
North America
Latin America
Eastern Europe
Western Europe
APEJ
Japan
MEA
Global Commercial vehicle prognostic system:
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. The sales of vehicles has been going up since past few years in Asian countries. Latin
America is estimated to register steady growth in the commercial vehicle prognostic market over
the forecast period. Middle East and Africa’s fast-growing aftermarket sales channel will let
commercial vehicle prognostic market grow with significant CAGR.
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Global Commercial vehicle prognostic system:
Key Players:
Some of the key players identified across the commercial vehicle prognostic system market are:
Open Text
Lochbridge
Teletrac Navma
OnStar
Pivotal Software
Omnitracs
Ridgetop Group
Trimble
National Instruments
IJet Technologies
Hortonworks DataRPM
Telogis
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mahendralunkad
mahendralunkad37   documents Email
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