NEW YORK, February 1, 2023 /PRNewswire/ — The: Automotive Forecast Market by Application, End User and Geography – Forecast and Analysis 2023-2027 the report was published by Technavio. The market size is predicted to grow USD 5269.12 million Between 2022 and 2027: a CAGR 21.58%. The report provides a comprehensive analysis of regional-level growth opportunities, new product launches, latest trends, and post-pandemic recovery of the global market. Download a PDF sample report
Regional analysis
By region, the global automotive forecasting market is segmented into APAC, North America, Europe, South Americaand: Middle East and: Africa. North America will take into account 42% market growth during the forecast period. Factors such as high adoption of advanced telematics systems in passenger and commercial vehicles and the development of autonomous vehicles are driving the growth of the automotive forecasting market. North America. Buy the report
Company profiles
The Automotive Forecasting Market report includes information on key products and recent developments of leading vendors, including:
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ANSYS Inc. – The company offers an automotive forecast called Ansys optiSLang for process integration and design optimization.
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Bridgestone Corp. – The company offers automotive diagnostics with auto parts, maintenance and repair services.
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Cloudera Inc. – The company offers automotive applications such as robotic welding and automation, metal stamping, white metal body pretreatment, and real-time connected vehicle monitoring.
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Continental AG – The company offers automotive applications such as scripting and testing diagnostic mode, vehicle-directed troubleshooting, guided service functions for dealer service routines, CAD for electrical systems and related component packaging, and design and construction instruction service publication.
Market dynamics
The market is driven by factors such as cost saving benefits of automotive predictive system maintenance, focus of prominent automotive OEMs to improve automotive diagnostic services, and increasing popularity of electric vehicles, creating demand for predictive solutions. However, high costs associated with telecom services are hampering the market growth.
Competitive analysis
The competitive scenario ranks companies based on various performance indicators. Some of the factors considered include companies’ financial performance over the past few years, growth strategies, product innovations, new product launches, investments, and market share growth. Ask for a sample
Market segmentation
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By application, the market is segmented into passenger cars and commercial vehicles. In 2022, the passenger car segment accounted for the largest share of the market.
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By geography, the market is segmented into APAC, North America, Europe, South Americaand: Middle East and: Africa. North America occupied the largest market share in 2022.
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It PLM software market The automotive segment is expected to grow in size 2.06 billion USD 2021 to 2026, and the market growth momentum will accelerate at a CAGR of 6.92%. The rise in IoT integration is particularly fueling the growth of the PLM software market in the automotive sector, although factors such as may hamper the growth of the market.
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It automotive software market expected to increase in size to 10.70 billion USD 2021 to 2026, and the market growth momentum will accelerate at a CAGR of 9%. Increasing demand for diverse in-car experiences is particularly driving the growth of the automotive software market, although factors such as increasing complexity of software architectures leading to higher manufacturing costs for OEMs and suppliers may hinder market growth.
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What Is Key Data Covered In This Automotive Forecast Market Report?
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Market CAGR during the forecast period.
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Detailed information on factors that will drive market growth from 2023 to 2027
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An accurate estimation of the Automotive Forecasting market size and its contribution to the parent market.
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Accurate predictions of upcoming trends and changes in consumer behavior.
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Market growth in APAC, North America, Europe, South Americaand: Middle East and: Africa.
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A thorough analysis of the competitive market landscape and detailed vendor information.
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A comprehensive analysis of the factors that will challenge the growth of the Automotive Forecasting market vendors.
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Automotive Forecasting Market Scope |
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Report coverage |
Details |
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Page number |
168: |
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Base year |
2022 |
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Historical period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum and CAGR |
Accelerate at 21.58% CAGR |
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Market growth 2023-2027 |
USD 5269.12 million |
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Market structure |
Fragment |
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Annual growth 2022-2023 (%) |
20.52: |
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Regional analysis |
North America, Europe, APAC, South America and Middle East & Africa |
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Market input |
North America: 42% |
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Main countries |
USA, Canada, China, Germany and UK |
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Competitive landscape |
Leading Vendors, Vendors’ Market Positioning, Competitive Strategies and Industry Risks |
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Key companies profiled |
ANSYS Inc., Bridgestone Corp., Cloudera Inc., Continental AG, Dell Technologies Inc., Digital Management LLC, Fleet Complete, Garrett Motion Inc., International Business Machines Corp., Magna International Inc., Open Text Corp., Pioneer Corp. . ., Predii Inc., Preteckt Inc., Ridgetop Group Inc., Samsung Electronics Co. Ltd., Solera Holdings LLC, VMware Inc., Progress Software Corp. and Robert Bosch GmbH. |
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Market dynamics |
Parent market analysis, market growth drivers and barriers, fast growing and slow growing segment analysis, COVID-19 impact and recovery analysis, and future consumer dynamics and market state analysis for the forecast period. |
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Purpose of personalization |
If our report does not include the data you are looking for, you can contact our analysts and get customized excerpts. |
Contents:
1 Executive summary
2 Market landscape
3 Market size
4 Historical market size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market segmentation by end user
8 Customer landscape
9 Geographical landscape
10 Drivers, Challenges and Trends
11 Vendor landscape
12 Seller Analysis
13 Appendix
about us
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