Lewes, DE -- (SBWIRE) -- 03/09/2018 -- Report forecast the global automotive prognostics market to grow at a CAGR of 88.34% during the period 2018-2022.

Prognostics systems predict the time at which a component or system will no longer meet its desired performance. Hence, the prognostic system informs the user of the remaining useful life (RUL) of the component.

The report covers the present scenario and the growth prospects of the global automotive prognostics market for 2018-2022. To calculate the market size, the report considers the revenue generated from the automotive prognostics.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, one of the major drivers for this market is Booming connected car market driving predictive maintenance demand. The connected car concept includes voice notifications and alerts with visuals for functions like internet, GPS navigation, and information. It includes technologies that yield added benefits to the vehicle and makes them more comfortable and safer during long-distance traveling.

Further, the report states that one of the major factors hindering the growth of this market is High cost associated with fleet tracking hinders prognostic system adoption. The initial costs of setting up telematics include license, setup, and installation fees, in addition to payment for customization and integration with current systems. Additionally, the license fee has to be renewed periodically, which adds to the overall cost.

Global Automotive Prognostics Market 2018-2022, 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 players in the global nut meals market: Covisint*, DataRPM, Hortonworks, National Instruments, OnStar, and Pivotal Software.

Market driver
- Booming connected car market driving predictive maintenance demand
- For a full, detailed list, view our report

Market challenge
- High cost associated with fleet tracking hinders prognostic system adoption
- For a full, detailed list, view our report

Market trend
- Growing popularity of prognostics increasing the number of patents
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2022 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?

Spanning over 127 pages "Global Automotive Prognostics Market 2018 - 2022" report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market Sizing, Five Forces Analysis, Market Segmentation By Application, Customer Landscape, Market Segmentation By End-User, Regional Landscape, Decision Framework, Drivers And Challenges, Market Trends, Vendor Landscape, Vendor Analysis, Appendix.

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