Predictive maintenance techniques are aimed to help users in determining the condition of in-service equipment to evaluate accurate time for maintenance. The adoption of predictive maintenance is mainly driven by cost-effective results achieved by their use. Predictive maintenance allows convenient scheduling of corrective maintenance, which prevents equipment failure.
Market Drivers: Benefits of Predictive Maintenance in Automotive Industry
Automation and predictive maintenance finds application in automotive industry. Implementation of predictive maintenance aids in production process and after sale maintenance. Several automobile companies are implementing predictive maintenance in post-sale maintenance to offer better and cost effective service to the customers. For examples, Nissan’s Predictive Forward Collision Warning feature, which analyses the speed and distance to the vehicle travelling ahead of the Nissan vehicle as well as that of the next preceding vehicle, by utilizing sensors.
An automobile contains large number of sensors that collect data about speed, emissions, fuel consumption, usage data for resources, security, and about car and engine parts. All the collected data can be utilized to find patterns and resolve quality issues either before time or prevent issues from arising. This reduces cost of quality management and increases customer satisfaction. Therefore, increasing industrial automation that includes data acquisition and processing is expected to boost growth of the market.
Key features of the study:
- This report provides in-depth analysis of predictive maintenance market size (US$ Mn), and compound annual growth rate (CAGR %) for the forecast period (2018– 2026), considering 2017 as the base year
- It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global predictive maintenance market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, key developments, strategies, and future plans
- Companies covered as part of this study include, Amiral Technologies, Embitel, General Electric, Honeywell International, Inc., IBM Corporation, Microsoft Corporation, Rockwell Automation, Inc., Senseye Ltd., Softweb Solutions, Inc., Warwick Analytics, SAP SE, Robert Bosch GmbH, Software AG, and Siemens AG
- Insights from this report would allow marketers and the management authorities of the companies to make informed decision regarding their future product launches, product upgrades, market expansion, and marketing tactics
- The global predictive maintenance market report caters to various stakeholders in this industry including investors, suppliers, manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision making through various strategy matrices used in analyzing the global predictive maintenance market
Detailed Segmentation:
- Global Predictive Maintenance Market, By Component:
- Solution
- Smart Maintenance
- Predictive Analytics
- Services
- System Integration
- Maintenance & Support
- Consulting Services
- Global Predictive Maintenance Market, By Deployment:
- Global Predictive Maintenance Market, By Application:
- Asset Maintenance
- Operation Maintenance
- Health & Performance Maintenance
- Global Predictive Maintenance Market, By End-use Industry:
- Oil & Gas
- Upstream
- Asset Maintenance
- Exploration Production & Drilling Optimization
- Midstream
- Transportation & Storage Optimization
- Downstream
- Demand & Trade Optimization
- Manufacturing
- Aerospace & Defense
- Automotive
- Power Generation
- Hospitals, Clinics, & Diagnostic Laboratories
- Biotechnology & Pharmaceutical Manufacturers
- Others
- Global Predictive Maintenance Market, By Region:
- North America
- By Component:
- Solution
- Smart Maintenance
- Predictive Analytics
- Services
- System Integration
- Maintenance & Support
- Consulting Services
- By Deployment:
- By Application:
- Asset Maintenance
- Operation Maintenance
- Health & Performance Maintenance
- By End-use Industry:
- Oil & Gas
- Manufacturing
- Aerospace & Defense
- Automotive
- Power Generation
- Hospitals, Clinics, & Diagnostic Laboratories
- Biotechnology & Pharmaceutical Manufacturers
- Others
- By Country:
- Europe
- By Component:
- Solution
- Smart Maintenance
- Predictive Analytics
- Services
- System Integration
- Maintenance & Support
- Consulting Services
- By Deployment:
- By Application:
- Asset Maintenance
- Operation Maintenance
- Health & Performance Maintenance
- By End-use Industry:
- Oil & Gas
- Manufacturing
- Aerospace & Defense
- Automotive
- Power Generation
- Hospitals, Clinics, & Diagnostic Laboratories
- Biotechnology & Pharmaceutical Manufacturers
- Others
- By Country:
- Germany
- Italy
- France
- UK
- Rest of Europe
- Asia Pacific
- By Component:
- Solution
- Smart Maintenance
- Predictive Analytics
- Services
- System Integration
- Maintenance & Support
- Consulting Services
- By Deployment:
- By Application:
- Asset Maintenance
- Operation Maintenance
- Health & Performance Maintenance
- By End-use Industry:
- Oil & Gas
- Manufacturing
- Aerospace & Defense
- Automotive
- Power Generation
- Hospitals, Clinics, & Diagnostic Laboratories
- Biotechnology & Pharmaceutical Manufacturers
- Others
- By Country:
- China
- India
- Japan
- Australia & New Zealand
- Rest of Asia Pacific
- Latin America
- By Component:
- Solution
- Smart Maintenance
- Predictive Analytics
- Services
- System Integration
- Maintenance & Support
- Consulting Services
- By Deployment:
- By Application:
- Asset Maintenance
- Operation Maintenance
- Health & Performance Maintenance
- By End-use Industry:
- Oil & Gas
- Manufacturing
- Aerospace & Defense
- Automotive
- Power Generation
- Hospitals, Clinics, & Diagnostic Laboratories
- Biotechnology & Pharmaceutical Manufacturers
- Others
- By Country:
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East & Africa
- By Component:
- Solution
- Smart Maintenance
- Predictive Analytics
- Services
- System Integration
- Maintenance & Support
- Consulting Services
- By Deployment:
- By Application:
- Asset Maintenance
- Operation Maintenance
- Health & Performance Maintenance
- By End-use Industry:
- Oil & Gas
- Manufacturing
- Aerospace & Defense
- Automotive
- Power Generation
- Hospitals, Clinics, & Diagnostic Laboratories
- Biotechnology & Pharmaceutical Manufacturers
- Others
- By Sub-Region:
- GCC Country
- South Africa
- Rest of the Middle East & Africa
- Company Profiles-
- Amiral Technologies
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Embitel
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- General Electric
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Honeywell International, Inc.
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- IBM Corporation
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Microsoft Corporation
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Rockwell Automation, Inc.
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Senseye Ltd.
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Softweb Solutions, Inc.
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Warwick Analytics
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- SAP SE
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Robert Bosch GmbH
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Software AG
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
- Siemens AG
- Company Highlights
- Key Developments
- Product Portfolio
- Market Presence
- Strategic Presence
