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Predictive Maintenance in Automotive Market Set to Grow at 21% CAGR, Reaching US$ 130.77 Billion by 2030

01-13-2025 03:15 AM CET | Logistics & Transport

Press release from: STELLAR MARKET RESEARCH

Predictive Maintenance in Automotive Market

Predictive Maintenance in Automotive Market

๐๐ซ๐ž๐๐ข๐œ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ข๐ง๐ญ๐ž๐ง๐š๐ง๐œ๐ž ๐ข๐ง ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ was valued at USD 34.43 billion in 2023 and is projected to experience substantial growth, reaching USD 130.77 billion by 2030 at a robust CAGR of 21% during the forecast period (2024-2030). This growth is driven by the increasing adoption of advanced predictive maintenance technologies to enhance operational efficiency and reduce maintenance costs across the automotive industry.

๐๐ซ๐ž๐๐ข๐œ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ข๐ง๐ญ๐ž๐ง๐š๐ง๐œ๐ž ๐ข๐ง ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐Ž๐ฏ๐ž๐ซ๐ฏ๐ข๐ž๐ฐ:

Predictive Maintenance in the automotive industry leverages advanced statistical process control principles and real-time data analysis to monitor equipment health, detect anomalies, and predict maintenance needs. By analyzing the operational state of in-service equipment, predictive maintenance prevents failures, reduces downtime, and optimizes maintenance schedules. This approach enables seamless operation, minimizes disruptions, and ensures cost-efficiency. The rising demand for connected vehicles and smart diagnostic systems is fueling market growth, positioning predictive maintenance as a cornerstone in automotive innovation.

๐“๐จ ๐ž๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐Ÿ๐ฎ๐ซ๐ญ๐ก๐ž๐ซ ๐๐ž๐ญ๐š๐ข๐ฅ๐ฌ ๐š๐›๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก, ๐ฉ๐ฅ๐ž๐š๐ฌ๐ž ๐ ๐จ ๐ญ๐จ:https://www.stellarmr.com/report/req_sample/Predictive-Maintenance-in-Automotive-Market/435

๐ƒ๐ซ๐ข๐ฏ๐ž๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐๐ซ๐ž๐๐ข๐œ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ข๐ง๐ญ๐ž๐ง๐š๐ง๐œ๐ž ๐ข๐ง ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ:

The high costs associated with unscheduled or scheduled downtime in automotive production settings are major market drivers. Predictive maintenance enables real-time monitoring of equipment, helping to predict and prevent issues before they occur. This not only minimizes maintenance costs but also enhances operational efficiency. Additionally, the integration of Industrial IoT (IIoT) and Digital Twin (DT) Technology has transformed how automotive manufacturers and OEMs manage maintenance, providing detailed insights into equipment health and operations. The growing adoption of connected vehicle technology and Over-the-Air (OTA) updates further accelerates the implementation of predictive maintenance solutions.

๐๐ซ๐ž๐๐ข๐œ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ข๐ง๐ญ๐ž๐ง๐š๐ง๐œ๐ž ๐ข๐ง ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

Emerging technologies, such as Digital Twin (DT) and machine learning algorithms, are revolutionizing predictive maintenance by enabling highly accurate predictions and real-time monitoring of vehicle systems. IoT-enabled sensors are increasingly integrated into automotive systems to provide continuous data on vehicle performance and health. Moreover, advancements in connected vehicle ecosystems and remote diagnostic tools are paving the way for reduced vehicle recalls and enhanced customer satisfaction. These trends, coupled with increasing regulatory support for telematics and safety systems, are poised to drive significant growth in the predictive maintenance sector.

๐ˆ๐ง๐ช๐ฎ๐ข๐ซ๐ž ๐“๐จ๐๐š๐ฒ ๐Ÿ๐จ๐ซ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ:https://www.stellarmr.com/report/enquire_now/Predictive-Maintenance-in-Automotive-Market/435

๐Œ๐ž๐ซ๐ ๐ž๐ซ๐ฌ ๐š๐ง๐ ๐€๐œ๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ ๐ข๐ง ๐ญ๐ก๐ž ๐๐ซ๐ž๐๐ข๐œ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ข๐ง๐ญ๐ž๐ง๐š๐ง๐œ๐ž ๐ข๐ง ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ

๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐•๐ข๐ž๐ญ๐ง๐š๐ฆ

Vietnam's automotive market is rapidly adopting predictive maintenance technologies, spurred by the rise in vehicle ownership and demand for advanced automotive services. Companies like VinFast are investing in predictive maintenance solutions to improve vehicle efficiency and customer satisfaction. Vietnam's growing focus on digital transformation and smart mobility is further enhancing the adoption of these technologies.

๐๐ซ๐ž๐๐ข๐œ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ข๐ง๐ญ๐ž๐ง๐š๐ง๐œ๐ž ๐“๐ซ๐ž๐ง๐๐ฌ ๐ข๐ง ๐“๐ก๐š๐ข๐ฅ๐š๐ง๐

Thailand is emerging as a leader in the ASEAN automotive market, with predictive maintenance solutions gaining popularity among fleet operators and manufacturers. Collaborations between global technology firms and local companies, such as Toyota Thailand, are driving the adoption of AI-driven maintenance systems. The government's support for Industry 4.0 initiatives is also accelerating the market's growth.

๐Ž๐ฉ๐ฉ๐จ๐ซ๐ญ๐ฎ๐ง๐ข๐ญ๐ข๐ž๐ฌ ๐ข๐ง ๐‰๐š๐ฉ๐š๐ง'๐ฌ ๐๐ซ๐ž๐๐ข๐œ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ข๐ง๐ญ๐ž๐ง๐š๐ง๐œ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ

Japan continues to lead in automotive innovation, with companies like Toyota and Nissan incorporating predictive maintenance solutions in their manufacturing and service processes. The growing focus on electric and hybrid vehicles has increased the demand for advanced diagnostic tools, further propelling market growth. Japan's emphasis on AI and IoT integration ensures its leadership in this domain.

๐๐ซ๐ž๐๐ข๐œ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ข๐ง๐ญ๐ž๐ง๐š๐ง๐œ๐ž ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐ข๐ง ๐’๐จ๐ฎ๐ญ๐ก ๐Š๐จ๐ซ๐ž๐š

South Korea's predictive maintenance market is growing rapidly, driven by the country's strong automotive manufacturing sector. Companies such as Hyundai Motor Group and Kia Motors are leveraging machine learning algorithms to enhance vehicle reliability and performance. Government-backed smart factory initiatives and investments in AI technologies are key growth drivers.

๐’๐ข๐ง๐ ๐š๐ฉ๐จ๐ซ๐ž'๐ฌ ๐๐ซ๐ž๐๐ข๐œ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ข๐ง๐ญ๐ž๐ง๐š๐ง๐œ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ

Singapore is advancing its automotive ecosystem with a strong focus on predictive maintenance for fleet management and autonomous vehicles. Companies like Grab are utilizing predictive analytics to optimize their fleet operations. The government's Smart Nation initiative and emphasis on sustainable urban mobility provide a conducive environment for market growth.

๐‚๐จ๐ง๐ฌ๐จ๐ฅ๐ข๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐ญ๐ก๐ž ๐”๐’ ๐๐ซ๐ž๐๐ข๐œ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ข๐ง๐ญ๐ž๐ง๐š๐ง๐œ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ

The United States dominates the global predictive maintenance market, driven by the widespread adoption of connected vehicles and AI technologies. Recent mergers, such as General Motors' acquisition of predictive analytics startups, have streamlined the integration of advanced maintenance solutions. Federal initiatives supporting smart infrastructure and vehicle-to-everything (V2X) technologies further bolster the market.

๐”๐ฉ๐๐š๐ญ๐ข๐จ๐ง ๐ข๐ง ๐„๐ฎ๐ซ๐จ๐ฉ๐ž'๐ฌ ๐๐ซ๐ž๐๐ข๐œ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ข๐ง๐ญ๐ž๐ง๐š๐ง๐œ๐ž ๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ

Europe's automotive sector is embracing predictive maintenance to enhance vehicle performance and reduce operational costs. Companies like Bosch and Volkswagen Group are investing in advanced AI-driven diagnostics. The European Union's regulations on vehicle safety and emissions standards are encouraging manufacturers to adopt predictive maintenance systems to ensure compliance and efficiency.

๐‚๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐€๐›๐จ๐ฎ๐ญ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ? ๐†๐ซ๐š๐› ๐˜๐จ๐ฎ๐ซ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐“๐จ๐๐š๐ฒ:https://www.stellarmr.com/report/req_sample/Predictive-Maintenance-in-Automotive-Market/435

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ž ๐๐ซ๐ž๐๐ข๐œ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ข๐ง๐ญ๐ž๐ง๐š๐ง๐œ๐ž ๐ข๐ง ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ:

By Vehicle Type

Passenger Car
Commercial Vehicle

By Hardware

ADAS
Telematics
OBD

By Deployment Type

Passenger Vehicle
Hatchback
Sedan
SUV
Commercial Vehicle

By Application

Pro-active Alerts
Safety & Security

๐–๐ก๐จ ๐ข๐ฌ ๐ญ๐ก๐ž ๐ฅ๐š๐ซ๐ ๐ž๐ฌ๐ญ ๐ฆ๐š๐ง๐ฎ๐Ÿ๐š๐œ๐ญ๐ฎ๐ซ๐ž๐ซ๐ฌ ๐จ๐Ÿ ๐๐ซ๐ž๐๐ข๐œ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ข๐ง๐ญ๐ž๐ง๐š๐ง๐œ๐ž ๐ข๐ง ๐€๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐ฐ๐จ๐ซ๐ฅ๐๐ฐ๐ข๐๐ž?

Bosch (Germany)
Continental (Germany)
Valeo (France)
Garrett Motion (Switzerland)
Aisin Seiki (Japan)
Aptiv (UK)
ZF (Germany)
NXP (Netherlands)
Delphi Technologies (UK)
Siemens AG (Germany)
IBM Corporation (USA)
Microsoft Corporation (USA)
Robert Bosch GmbH (Germany)
SAP SE (Germany)
Teletrac Navman. (USA)

๐’๐ž๐ž๐ค๐ข๐ง๐  ๐๐ž๐ž๐ฉ ๐ฆ๐š๐ซ๐ค๐ž๐ญ ๐ค๐ง๐จ๐ฐ๐ฅ๐ž๐๐ ๐ž? ๐“๐ก๐ž ๐ฌ๐ฎ๐ฆ๐ฆ๐š๐ซ๐ฒ ๐จ๐Ÿ๐Ÿ๐ž๐ซ๐ฌ ๐œ๐ซ๐ข๐ญ๐ข๐œ๐š๐ฅ ๐ข๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ:https://www.stellarmr.com/report/Predictive-Maintenance-in-Automotive-Market/435

๐„๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ž ๐Œ๐จ๐ซ๐ž: ๐•๐ข๐ฌ๐ข๐ญ ๐Ž๐ฎ๐ซ ๐–๐ž๐›๐ฌ๐ข๐ญ๐ž ๐Ÿ๐จ๐ซ ๐€๐๐๐ข๐ญ๐ข๐จ๐ง๐š๐ฅ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ:

Electric Fireplace Market https://www.stellarmr.com/report/Electric-Fireplace-Market/529
Toys Market https://www.stellarmr.com/report/Toys-Market/539
Carbon Composite Hydrogen Tanks Market https://www.stellarmr.com/report/Carbon-Composite-Hydrogen-Tanks-Market/553
Mauritius Travel and Tourism Market https://www.stellarmr.com/report/Mauritius-Travel-and-Tourism-Market/575
Malta Microprocessor and GPU Market https://www.stellarmr.com/report/Malta-Microprocessor-and-GPU-Market/633
Coffee Production Market https://www.stellarmr.com/report/Coffee-Production-Market/667
Firefighter Personal Protective Equipment (PPE) Market https://www.stellarmr.com/report/Firefighter-Personal-Protective-Equipment--PPE--Market/680
Self-Tanning Products Market https://www.stellarmr.com/report/Self-Tanning-Products-Market/695
Dry Ice Market https://www.stellarmr.com/report/Dry-Ice-Market/718
Carpet Yarn Market https://www.stellarmr.com/report/Carpet-Yarn-Market/744

Contact Stellar Market Research:
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Pinnac Memories Fl. No. 3, Kothrud, Pune,
Pune, Maharashtra, 411029
sales@stellarmr.com

About Stellar Market Research:

Stellar Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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02-18-2025 | Health & Medicine
The Business Research Company
Emerging Predictive Biomarkers Market Driver 2025-2034: Rising Cancer Cases To B โ€ฆ
How Is the Predictive Biomarkers Market Projected to Grow, and What Is Its Market Size? In recent times, the size of the predictive biomarkers market has witnessed consistent growth. It is projected to expand from $20.05 billion in 2024 to $20.96 billion in 2025, with a compound annual growth rate (CAGR) of 4.5%. The growth observed in the past could be associated with factors such as the rise in research andโ€ฆ
11-08-2023 | IT, New Media & Software
Allied Market Research (AMR)
Manufacturing Predictive Analytics Market to Reach USD 2.52 Billion |Revolutioni โ€ฆ
Advent of Industry 4.0, evolution of IIoT, and rise in operational efficiencies from big data initiatives fuel the growth of the global manufacturing predictive analytics market. On the other hand, dearth of skilled workforce and threat of cyber-attack restrain the growth to some extent. Nevertheless, development of smart data-driven organizations and interference of artificial intelligence (AI) into manufacturing are expected to create multiple opportunities in the near future. The reportโ€ฆ
11-07-2023 | IT, New Media & Software
Allied Market Research (AMR)
Predictive Maintenance Market to Grow at 28.8% CAGR | Predictive Maintenance Pio โ€ฆ
According to a recent report published by Allied Market Research, titled, "Predictive maintenance market by component, technique, deployment type, stakeholder, and industry vertical: opportunity analysis and industry forecast, 2020-2027,"the global predictive maintenance market size was valued at $4,331.56 million in 2019, and is projected to reach $31,965.49 million by 2027, growing at a CAGR of 28.8% from 2020 to 2027. On the basis of deployment model, the on-premise segmentโ€ฆ
11-29-2022 | Health & Medicine
Vantage Market Research
Healthcare Predictive Analytics Market Size to Hit $74.62 Billion by 2028 | Heal โ€ฆ
Market Overview: According to our experience research team, Healthcare Predictive Analytics Market was valued at USD 20.16 Billion in 2021, and the global Healthcare Predictive Analytics industry is projected to reach a value of USD 74.62 Billion by 2028, at a CAGR of 27% during the forecast period 2022-2028 Vantage Market Research is a collection of market research studies on several industries, such as Chemicals, semiconductors & Electronics, Food & Beverages Technology,โ€ฆ