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 Utility, Finish Consumer, and Geography – Forecast and Evaluation 2023-2027 The report was revealed by Technavio. The market dimension is anticipated to develop by 5,269.12 million US {dollars} Between 2022 and 2027 b Compound annual progress price of 21.58%. The report gives a complete evaluation of progress alternatives at regional ranges, new product launches, newest traits, and post-pandemic restoration within the international market. Obtain pattern report in PDF format

Technavio announces its latest market research report titled Global Automotive Prognostics Market 2023-2027

Technavio broadcasts its newest market analysis report titled World Automotive Prognostics Market 2023-2027

Regional evaluation

By area, the worldwide Automotive Forecasting Market is segmented into APAC, North AmaricaAnd EuropeAnd South americaAnd Center east And Africa. North Amarica will likely be calculated 42% of market progress in the course of the forecast interval. Elements similar to excessive adoption of superior telematics programs in passenger vehicles, business autos, and growth of autonomous autos are driving the expansion of the automotive forecast market in North Amarica. Buy the report

Firm profile

The Automotive Forecasting Market report consists of data on key merchandise and up to date developments of main distributors, together with:

  • Ansys Company The corporate affords an automotive forecast known as Ansys optiSLang for course of integration and design optimization.

  • Bridgestone Corp. – The corporate gives auto forecasts with auto elements, upkeep providers and restore providers.

  • Cloudera Company – The corporate affords auto forecasts similar to robotic welding, automation, metallic stamping, physique in white metallic pretreatment, and monitoring of linked vehicles in actual time.

  • Continental AG – The corporate affords automotive-specific forecasts similar to diagnostic routines for programming and testing, fault-finding steerage for autos, service-oriented performance for supplier service procedures, CAD for electrical programs and related part packaging, and publishing designs and constructing directions.

Market dynamics

The market is being pushed by components similar to some great benefits of saving upkeep prices of the automotive prediction system, rising focus of distinguished automotive OEMs to enhance car diagnostic providers, and the rising recognition of electrical autos creating demand for alarm options. Nevertheless, the excessive prices related to telecommuting providers are hampering the expansion of the market.

aggressive evaluation

The aggressive state of affairs ranks corporations based mostly on numerous efficiency indicators. A number of the components thought-about embody the monetary efficiency of the businesses over the previous few years, progress methods, product improvements, new product launches, investments, progress in market share amongst others. Ask for a pattern

Market segmentation

  • By software, the market is segmented into passenger vehicles and business autos. The passenger automobile section captured the most important share of the market in 2022.

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

Associated reviews:

  • the PLM software program market The amount within the automotive sector is anticipated to extend by $2.06 billion From 2021 to 2026, the market progress momentum will speed up at a compound annual progress price of 6.92%. The rise in IoT integration is considerably driving the expansion of the PLM software program market within the automotive sector, though components similar to PLM might hinder the expansion of the market.

  • the Automotive software program market The amount is anticipated to extend to 10.70 billion US {dollars} From 2021 to 2026, the market progress momentum will speed up at a compound annual progress price of 9%. Considerably rising demand for differentiated in-vehicle experiences is driving progress within the automotive software program market, though components similar to rising complexity of software program structure leading to increased manufacturing prices for OEMs and suppliers might hinder market progress.

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What key knowledge does this Automotive Forecasting Market report cowl?

  • The compound annual progress price of the market over the forecast interval.

  • Detailed data on the components that can drive the market progress between 2023 and 2027

  • Correct estimation of the auto forecasting market dimension and its contribution to the guardian market.

  • Correct predictions about upcoming traits and adjustments in client behaviour.

  • market progress throughout the Asia Pacific area, North AmaricaAnd EuropeAnd South americaAnd Center east And Africa.

  • Complete evaluation of the aggressive panorama of the market and detailed data on distributors.

  • Complete evaluation of things that can problem the expansion of the Automotive Prediction Market distributors.

Automotive forecasting market

report protection


web page quantity


base 12 months


historic interval


forecast interval


Development momentum and compound annual progress price

Acceleration at a compound annual progress price of 21.58%

Market progress 2023-2027

5,269.12 million US {dollars}

Market construction, market construction


2022-2023 Annual Development (%)


Regional evaluation

North America, Europe, Asia Pacific, South America, Center East and Africa

market share efficiency

North America by 42%

Main international locations

United States, Canada, China, Germany and the UK

Aggressive scene

Lead distributors, market vendor positioning, aggressive methods, and business dangers

Profile of the principle corporations

ANSYS Inc. and Bridgestone Corp. and Cloudera Inc. and Continental AG and Dell Applied sciences Inc. Digital Administration LLC, Fleet Full, and Garrett Movement Inc. and Worldwide Enterprise Machines Corp. and Magna Worldwide Inc. and Open Textual content Corp. and Pioneer Corp. and Predii Inc. and Pretect Inc. and Ridgetop Group Inc. and Samsung Electronics Co. Ltd. Solera Holdings LLC, VMware Inc. and Progress Software program Corp. and Robert Bosch GmbH

Market dynamics

Key market evaluation, market progress drivers and obstacles, fast-growing and slow-growing segments evaluation, COVID-19 influence evaluation, restoration and future client dynamics, market state of affairs evaluation for the forecast interval.

subject of customization

If our report does not embody the information you are in search of, you may attain out to our analysts and customise your segments.

desk of contents:

1. Govt abstract

2 market view

3 Market Sizing

4 Historic market dimension

5 5 Forces Evaluation

6 Market segmentation by software

7 Market segmentation by finish consumer

8 Buyer perspective

9 geographical panorama

10 drivers, challenges and traits

11 panorama vendor

12 Vendor Evaluation

13 Appendix

about us

Technavio is a number one international know-how analysis and advisory agency. Their analysis and evaluation focuses on rising market traits and gives actionable insights to assist corporations establish market alternatives and develop efficient methods to enhance their market positions. With greater than 500 devoted analysts, Technavio’s reporting library consists of greater than 17,000 reviews and statistics, masking 800 applied sciences, spanning 50 international locations. Their shopper base consists of organizations of all sizes, together with greater than 100 Fortune 500 corporations. This rising shopper base depends on Technavio’s complete protection, intensive analysis, and actionable market insights to establish alternatives in present and potential markets and assess their aggressive positions in altering market eventualities. .


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Global Automotive Forecast Market 2023-2027

World Automotive Forecast Market 2023-2027



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