Automotive Predictions Market Size Increased by US$5,269.12 Million; North America is responsible for 42% of the market growth

New YorkAnd February 1, 2023 /PRNewswire/ – File Automotive Market Forecasts by Application, End User, and Geography – Forecast and Analysis 2023-2027 The report was published by Technavio. The market size is expected to grow by 5,269.12 million US dollars Between 2022 and 2027 b Compound annual growth rate of 21.58%. The report provides a comprehensive analysis of growth opportunities at regional levels, new product launches, latest trends, and post-pandemic recovery in the global market. Download sample report in PDF format

Regional analysis

By region, the global Automotive Forecasting Market is segmented into APAC, North AmaricaAnd EuropeAnd South americaAnd Middle east And Africa. North Amarica will be calculated 42% of market growth during the forecast period. Factors such as high adoption of advanced telematics systems in passenger cars, commercial vehicles, and development of autonomous vehicles are driving the growth of the automotive forecast market in North Amarica. Purchase the report

Company profile

The Automotive Forecasting Market report includes information on key products and recent developments of leading vendors, including:

• Ansys Corporation The company offers an automotive forecast called Ansys optiSLang for process integration and design optimization.

• Bridgestone Corp. – The company provides auto forecasts with auto parts, maintenance services and repair services.

• Cloudera Corporation – The company offers auto forecasts such as robotic welding, automation, metal stamping, body in white metal pretreatment, and monitoring of connected cars in real time.

• Continental AG – The company offers automotive-specific forecasts such as diagnostic routines for programming and testing, fault-finding guidance for vehicles, service-oriented functionality for dealer service procedures, CAD for electrical systems and associated component packaging, and publishing designs and building instructions.

Market dynamics

The market is being driven by factors such as the advantages of saving maintenance costs of the automotive prediction system, increasing focus of prominent automotive OEMs to improve vehicle diagnostic services, and the growing popularity of electric vehicles creating demand for alarm solutions. However, the high costs associated with telecommuting services are hampering the growth of the market.

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competitive analysis

The competitive scenario ranks companies based on various performance indicators. Some of the factors considered include the financial performance of the companies over the past few years, growth strategies, product innovations, new product launches, investments, growth in market share among others. Ask for a sample

Market segmentation

• By application, the market is segmented into passenger cars and commercial vehicles. The passenger car segment captured the largest share of the market in 2022.

• By geography, the market is segmented into Asia Pacific, North AmaricaAnd EuropeAnd South americaAnd Middle east And Africa. North Amarica It captured the largest market share in 2022.

Related reports:

• the PLM software market The volume in the automotive sector is expected to increase by $2.06 billion From 2021 to 2026, the market growth momentum will accelerate at a compound annual growth rate of 6.92%. The rise in IoT integration is significantly driving the growth of the PLM software market in the automotive sector, although factors such as PLM may hinder the growth of the market.

• the Automotive software market The volume is expected to increase to 10.70 billion US dollars From 2021 to 2026, the market growth momentum will accelerate at a compound annual growth rate of 9%. Significantly increasing demand for differentiated in-vehicle experiences is driving growth in the automotive software market, although factors such as increasing complexity of software architecture resulting in higher production costs for OEMs and suppliers may hinder market growth.

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What key data does this Automotive Forecasting Market report cover?

• The compound annual growth rate of the market over the forecast period.

• Detailed information on the factors that will drive the market growth between 2023 and 2027

• Accurate estimation of the auto forecasting market size and its contribution to the parent market.

• Accurate predictions about upcoming trends and changes in consumer behaviour.

• market growth across the Asia Pacific region, North AmaricaAnd EuropeAnd South americaAnd Middle east And Africa.

• Comprehensive analysis of the competitive landscape of the market and detailed information on vendors.

• Comprehensive analysis of factors that will challenge the growth of the Automotive Prediction Market vendors.

table of contents:

1. Executive summary

2 market view

3 Market Sizing

4 Historical market size

5 Five Forces Analysis

6 Market segmentation by application

7 Market segmentation by end user

8 Customer perspective

9 geographical landscape

10 drivers, challenges and trends

11 landscape vendor

12 Vendor Analysis

13 Appendix

about us

Technavio is a leading global technology research and advisory firm. Their research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to improve their market positions. With more than 500 dedicated analysts, Technavio’s reporting library consists of more than 17,000 reports and statistics, covering 800 technologies, spanning 50 countries. Their client base consists of organizations of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in current and potential markets and assess their competitive positions in changing market scenarios. .

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Source Technavio