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Integrated Vehicle Health Management Market Report and Forecast 2023-2028

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    Report

  • 175 Pages
  • October 2023
  • Region: Global
  • Expert Market Research
  • ID: 5898041
According to the report, the global integrated vehicle health management market reached a value of USD 15.32 billion in 2022. Aided by the advancements in vehicle technology, increasing focus on preventive vehicle maintenance, and growing adoption of connected cars, the market is projected to further grow at a CAGR of 13% between 2023 and 2028 to reach a value of USD 31.92 billion by 2028.

Integrated Vehicle Health Management (IVHM) is a comprehensive solution that combines diagnostics, prognostics, and advanced maintenance strategies to monitor and analyse the health and condition of a vehicle. It is aimed at identifying potential problems before they become severe, thus enhancing vehicle reliability, safety, and reducing overall maintenance costs.

The rise of connected and smart vehicles, which are capable of self-diagnosis and communicating data to the owner or service centre, is a significant contributor to the integrated vehicle health management market growth. These vehicles require advanced systems for continuous health checks, wherein IVHM plays a critical role. Preventive vehicle maintenance has been gaining attention as a means to avoid costly repairs and vehicle downtime. IVHM systems enable real-time monitoring of vehicle components, thereby enabling timely maintenance and reducing unexpected repair costs.

In aviation and defence sectors, vehicle health management is of paramount importance. IVHM systems in these sectors are sophisticated and capable of predicting component life and system failures, which is vital for mission success and personnel safety.

Meanwhile, for fleet operators, vehicle downtime translates to lost revenues. IVHM systems in commercial vehicles allow for real-time health monitoring, ensuring that fleet operators can perform timely maintenance, thereby reducing unscheduled downtime and operational costs.

Artificial Intelligence (AI) and Machine Learning (ML) are set to play a pivotal role in increasing the integrated vehicle health management market demand. These technologies can significantly enhance the predictive accuracy of IVHM systems. Additionally, as the Internet of Things (IoT) continues to gain traction in the automotive sector, vehicles will increasingly become part of a connected ecosystem, offering significant opportunities for the expansion of IVHM.

The North American region accounts for a significant portion of the integrated vehicle health management market share, attributed to early adoption of advanced vehicle technologies and stringent vehicle safety regulations. Europe and the Asia Pacific regions are also significant players, with increasing adoption of connected vehicles and growing emphasis on preventive maintenance.

Market Segmentation

The market can be divided based on health management, type, vehicle type, channel, and region.

Market Breakup by Health Management

  • Diagnostics
  • Prognostics

Market Breakup by Type

  • Software
  • Hardware

Market Breakup by Vehicle Type

  • Light Duty Vehicle
  • Heavy Duty Vehicle

Market Breakup by Channel

  • OEM
  • Service Centre

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global integrated vehicle health management market.

Some of the major players explored in the report are as follows:

  • Visteon Corporation
  • KPIT Technologies Limited
  • Harman International Industries
  • Garrett Motion Inc.
  • OnStar Corporation
  • Vector Informatik
  • Delphi Technologies
  • Others

About the Analyst

Acquire unparalleled access to critical industry insights with our comprehensive market research reports, meticulously prepared by a team of seasoned experts. These reports are designed to equip decision-makers with an in-depth understanding of prevailing market trends, competitive landscapes, and growth opportunities.

These high-quality, data-driven analysis provide the essential framework for organisations seeking to make informed and strategic decisions in an increasingly complex and rapidly evolving business environment. By investing in our market research reports, you can ensure your organisation remains agile, proactive, and poised for success in today's competitive market.

Don't miss the opportunity to elevate your business intelligence and strengthen your strategic planning. Secure your organisation's future success by acquiring one of these reports today.

The analyst always strives to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Integrated Vehicle Health Management Market Analysis
8.1 Key Industry Highlights
8.2 Global Integrated Vehicle Health Management Historical Market (2018-2022)
8.3 Global Integrated Vehicle Health Management Market Forecast (2023-2028)
8.4 Global Integrated Vehicle Health Management Market by Health Management
8.4.1 Diagnostics
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Prognostics
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Integrated Vehicle Health Management Market by Type
8.5.1 Software
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Hardware
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.6 Global Integrated Vehicle Health Management Market by Vehicle Type
8.6.1 Light Duty Vehicle
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Heavy Duty Vehicle
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.7 Global Integrated Vehicle Health Management Market by Channel
8.7.1 OEM
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Service Centre
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.8 Global Integrated Vehicle Health Management Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2022)
8.8.1.2 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2022)
8.8.2.2 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2022)
8.8.3.2 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2022)
8.8.4.2 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2022)
8.8.5.2 Forecast Trend (2023-2028)
9 North America Integrated Vehicle Health Management Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Integrated Vehicle Health Management Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Integrated Vehicle Health Management Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Integrated Vehicle Health Management Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Integrated Vehicle Health Management Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Visteon Corporation
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 KPIT Technologies Limited
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Harman International Industries
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Garrett Motion Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 OnStar Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Vector Informatik
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Delphi Technologies
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Integrated Vehicle Health Management Market: Key Industry Highlights, 2018 and 2028
2. Global Integrated Vehicle Health Management Historical Market: Breakup by Health Management (USD Million), 2018-2022
3. Global Integrated Vehicle Health Management Market Forecast: Breakup by Health Management (USD Million), 2023-2028
4. Global Integrated Vehicle Health Management Historical Market: Breakup by Type (USD Million), 2018-2022
5. Global Integrated Vehicle Health Management Market Forecast: Breakup by Type (USD Million), 2023-2028
6. Global Integrated Vehicle Health Management Historical Market: Breakup by Vehicle Type (USD Million), 2018-2022
7. Global Integrated Vehicle Health Management Market Forecast: Breakup by Vehicle Type (USD Million), 2023-2028
8. Global Integrated Vehicle Health Management Historical Market: Breakup by Channel (USD Million), 2018-2022
9. Global Integrated Vehicle Health Management Market Forecast: Breakup by Channel (USD Million), 2023-2028
10. Global Integrated Vehicle Health Management Historical Market: Breakup by Region (USD Million), 2018-2022
11. Global Integrated Vehicle Health Management Market Forecast: Breakup by Region (USD Million), 2023-2028
12. North America Integrated Vehicle Health Management Historical Market: Breakup by Country (USD Million), 2018-2022
13. North America Integrated Vehicle Health Management Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Europe Integrated Vehicle Health Management Historical Market: Breakup by Country (USD Million), 2018-2022
15. Europe Integrated Vehicle Health Management Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Asia Pacific Integrated Vehicle Health Management Historical Market: Breakup by Country (USD Million), 2018-2022
17. Asia Pacific Integrated Vehicle Health Management Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Latin America Integrated Vehicle Health Management Historical Market: Breakup by Country (USD Million), 2018-2022
19. Latin America Integrated Vehicle Health Management Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Middle East and Africa Integrated Vehicle Health Management Historical Market: Breakup by Country (USD Million), 2018-2022
21. Middle East and Africa Integrated Vehicle Health Management Market Forecast: Breakup by Country (USD Million), 2023-2028
22. Global Integrated Vehicle Health Management Market Structure

Companies Mentioned

  • Onstar
  • Vector Informatik
  • Delphi Technologies
  • Garrett Advancing Motion
  • Harman International
  • Visteon Corporation [VC (NASDAQ)]
  • Kpit Technologies [KPITTECH (NSE)]

Methodology

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Table Information