PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535849
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1535849
Integrated Vehicle Health Management Market Size - By Component, By Channel, By Application, By End User & Forecast, 2024 - 2032
Integrated vehicle health management market size is estimated to register over 10% CAGR between 2024 and 2032 driven by the increasing need for advanced vehicle diagnostics and predictive maintenance solutions. With vehicles becoming more complex with the integration of sophisticated electronic systems and connectivity features, there is growing demand for comprehensive health management systems to monitor, diagnose, and predict potential issues in real-time. For instance, in March 2022, Fleet Complete launched small and medium-sized businesses (SMBs) to give real-time insights for effectively managing remote operations, improving driver safety, lowering business risks, and optimizing asset utilization.
The rise in fleet management operations and the emphasis on improving operational efficiency are also fueling the market growth. Fleet operators are increasingly leveraging integrated vehicle health management (IVHM) solutions to gain insights into vehicle health, optimize maintenance schedules, and improve asset utilization. The integration of data analytics and ML into IVHM systems also enables more accurate predictions and tailored maintenance strategies, further boosting the market growth.
The overall industry is segmented into component, channel, application, end user, and region.
Based on component, the IVHM market size from the software segment will gain notable traction during 2024-2032. The growth is due to its critical role in enabling advanced diagnostics, predictive maintenance, and real-time vehicle monitoring. Sophisticated IVHM software also provides the essential tools for data collection, analysis, and interpretation, allowing accurate predictions of vehicle health and timely maintenance alerts.
In terms of end use, the integrated vehicle health management industry size from the automotive segment will witness strong CAGR through 2032. With automotive manufacturers and fleet operators increasingly adopting advanced technologies, such as telematics, IoT, and real-time data analytics, there is a growing need for robust IVHM systems that can monitor vehicle health, optimize performance, and predict maintenance needs.
Asia Pacific integrated vehicle health management market will witness robust expansion over 2024-2032. The increasing emphasis on vehicle safety, performance, and compliance with stringent environmental regulations is leading to greater adoption of IVHM systems. The burgeoning urban population and the rising vehicle ownership rate is also creating a significant demand for efficient fleet management solutions, stimulating the regional market growth.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definition
- 1.2 Research design
- 1.2.1 Research approach
- 1.2.2 Data collection methods
- 1.3 Base estimates & calculations
- 1.3.1 Base year calculation
- 1.3.2 Key trends for market estimation
- 1.4 Forecast model
- 1.5 Primary research and validation
- 1.5.1 Primary sources
- 1.5.2 Data mining sources
Chapter 2 Executive Summary
- 2.1 Industry 360° synopsis, 2021 - 2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Supplier landscape
- 3.2.1 Platform provider
- 3.2.2 Software provider
- 3.2.3 Service provider
- 3.2.4 Distribution channel
- 3.2.5 End user
- 3.3 Profit margin analysis
- 3.4 Technology & innovation landscape
- 3.5 Patent analysis
- 3.6 Key news & initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Increasing focus on asset optimization and cost reduction
- 3.8.1.2 Emphasis on safety and regulatory compliance
- 3.8.1.3 Technological innovations in sensor technology
- 3.8.1.4 Growth of connected vehicles and IoT
- 3.8.2 Industry pitfalls & challenges
- 3.8.2.1 Data management and cybersecurity challenges
- 3.8.2.2 Integration and interoperability issues
- 3.8.1 Growth drivers
- 3.9 Growth potential analysis
- 3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Component, 2021 - 2032 ($Bn)
- 5.1 Key trends
- 5.2 Hardware
- 5.2.1 Sensors
- 5.2.2 Electronic control units (ECUs)
- 5.2.3 Data acquisition systems
- 5.2.4 Communication modules
- 5.2.4.1 Telematics control units (TCUs)
- 5.2.4.2 On-board diagnostics (OBD) ports
- 5.3 Software
- 5.3.1 Diagnostics software
- 5.3.2 Prognostic software
- 5.3.3 Data management software
- 5.3.4 User interface (UI) software
- 5.4 Service
- 5.4.1 Installation and integration services
- 5.4.2 Maintenance and repair services
- 5.4.3 Consulting services
Chapter 6 Market Estimates & Forecast, By Channel, 2021 - 2032 ($Bn)
- 6.1 Key trends
- 6.2 OEM
- 6.3 Service center
Chapter 7 Market Estimates & Forecast, By Application, 2021 - 2032 ($Bn)
- 7.1 Key trends
- 7.2 Diagnostics
- 7.3 Prognostics
Chapter 8 Market Estimates & Forecast, By End User, 2021 - 2032 ($Bn)
- 8.1 Key trends
- 8.2 Commercial & defense aviation
- 8.3 Automotive
- 8.4 Marine
- 8.5 Others
Chapter 9 Market Estimates & Forecast, By Region, 2021 - 2032 ($Bn)
- 9.1 Key trends
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
- 9.3.7 Nordics
- 9.3.8 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 Australia
- 9.4.5 South Korea
- 9.4.6 Southeast Asia
- 9.4.7 Rest of Asia Pacific
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Argentina
- 9.5.4 Rest of Latin America
- 9.6 MEA
- 9.6.1 UAE
- 9.6.2 South Africa
- 9.6.3 Saudi Arabia
- 9.6.4 Rest of MEA
Chapter 10 Company Profiles
- 10.1 Amazon Web Services (AWS)
- 10.2 Continental AG
- 10.3 Denso Corporation
- 10.4 General Electric Company (GE)
- 10.5 HARMAN International Industries
- 10.6 Hewlett-Packard Enterprise (HPE)
- 10.7 Hitachi, Ltd.
- 10.8 Honeywell International Inc.
- 10.9 International Business Machines Corporation
- 10.10 KPIT Technologies Limited
- 10.11 Microsoft Corporation
- 10.12 OnStar (Subsidiary of General Motors)
- 10.13 Robert Bosch GmbH
- 10.14 Rockwell Collins, Inc.
- 10.15 Siemens AG
- 10.16 Thales Group
- 10.17 Vector Informatik GmbH
- 10.18 Verizon Connect (Verizon)
- 10.19 Visteon Corporation
- 10.20 ZF Friedrichshafen AG
