Integrated Vehicle Health Management Market by Type, Health Management Type, Channel, Vehicle Type (LDV & HDV), Repair Solution, Electric Vehicle Health Management Type, and Region (Asia Pacific, Europe, North America, & RoW) - Global Forecast to 2027
[179 Pages Report] The integrated vehicle health management market is estimated to be USD 11.3 billion in 2019 and is projected to reach USD 28.0 billion by 2027, at a CAGR of 12.0% during the forecast period. Increasing number of connected vehicles and growing awareness about vehicle health and safety are expected to drive this market.
Prognostics segment of integrated vehicle health management to grow at a significant rate during the forecast period.
Prognostics is estimated to be the fastest growing segment, by value, of this market from 2019 to 2027. The growth of this segment can be attributed to the evolution of vehicle health management from traditional maintenance to diagnostics and prognostics. Several OEMs across the globe now offer prognostics solution as a default or optional feature in different vehicle segments. Externally connected OBD II port devices offered by emerging and established players are also equipped with prognostics features. On the other hand, real-time prognostics solutions are also getting traction. All these factors have contributed to the growth of prognostics segment of the market.
The light duty vehicle is estimated to be the largest segment in the market.
The light duty vehicle segment is estimated to hold the largest market share. The objective of deployment of integrated vehicle health management in a light duty vehicle is to continuously monitor, detect, and analyze critical applications that are most likely to fail in adverse conditions. OEMs are also focusing on the commercialization of integrated vehicle health management in mainstream light duty vehicles that are used for the transportation of passengers. Integrated vehicle health management is in the growth stage and introduction stage of the product life cycle in developed regions and developing regions, respectively. All these factors are driving the growth of the global market in the light duty vehicle segment.
Europe is estimated to be the fastest growing market for integrated vehicle health management during the forecast period.
The European market is estimated to grow at the highest CAGR during the forecast period. Europe, which is home to technologically advanced countries such as Germany, UK, and France, has witnessed increased consumer demand for advanced technology inside vehicles. OEMs in the region are promoting and offering integrated vehicle health management solutions as an add-on feature in the economy and mid-sized vehicles. As a part of the European Union, countries in Eastern Europe are also following technologically advanced countries such as Germany and the UK.
Key Market Players
The key players in the integrated vehicle health management market are Visteon (US), Continental (Germany), Robert Bosch (Germany), Delphi Technologies (UK), OnStar (US), and Garrett Motion (Switzerland). OnStar is anticipated to be a dominant player in the market. OnStar is the global carmaker General Motor’s subsidiary that provides subscription model solutions of vehicle connectivity. Subscription includes packages of diagnostics as well as predictive maintenance that is an integral part of integrated vehicle health management. As a complete solution package provider, OnStar is a leading market player in integrated vehicle health management.
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Scope of the Report
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Report Metric |
Details |
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Years considered for the study |
2019–2025 |
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Market Size Available for Years |
2017–2027 |
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Base Year Considered |
2018 |
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Forecast Period |
2019–2027 |
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Forecast Units |
Value (USD million and USD Billion) |
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Segments Covered |
Health Management Type, Component, Channel, Repair Solution, Vehicle Type, Electric Vehicle Health Management Type, and Region |
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Geographies Covered |
Asia Pacific, Europe, North America, and RoW |
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Companies Covered |
Continental (Germany), Robert Bosch (Germany), Delphi Technologies (UK), Garrett Motion (Switzerland), OnStar (US), & KPIT (India) |
This research report categorizes the global market based on health management type, component, channel, repair solution, vehicle type, electric vehicle health management type, and region.
Market, By Health Management Type
- Diagnostics
- Prognostics
Market, By Component
- Software
- Hardware
Market, By Channel
- OEM
- Service Center
Market, By Electric Vehicle Health Management Type
- Diagnostics
- Prognostics
Market, By Region
- North America
- Europe
- Asia Pacific
- RoW
Key Questions Addressed by the Report
- Autonomous vehicles are questioning the existence of a driver’s control and interference with the vehicle’s operation. What does this mean for the IVHM solution providers?
- A tremendous amount of real-time data is generated with advanced IVHM solutions. It is expected to increase drastically in the future. How are companies planning to tap into this opportunity?
- What should be the go-to-market strategy for IVHM solution manufacturers to promote and expand their technologies in developing countries where the market is at a nascent stage?
- How will the advent of autonomous vehicles impact the market?
- Real-time data processing has threats from cyber-attacks. What are cyber-security solutions providers doing to protect this valuable data?
Frequently Asked Questions (FAQ):
Which applications are health management types are included in the integrated vehicle health management market?
The study includes key health management type such as diagnostics and prognostics.
What is the market size of the integrated vehicle health management market?
The automotive integrated vehicle health management market size is estimated to be USD 11.3 billion in 2019 and is projected to reach USD 28.0 billion by 2027, growing at a CAGR of 12.0% during the forecast period.
Who are the key players in the integrated vehicle health management market?
The integrated vehicle health management market is led by globally established players such as Visteon (US), Continental (Germany), Robert Bosch (Germany), Delphi Technologies (UK), OnStar (US), and Garrett Motion (Switzerland).
Which region in the integrated vehicle health management would have the most potential in the near future?
The European market is estimated to grow at the highest CAGR during the forecast period. Europe is home to technologically advanced countries such as Germany, UK, and France. It has witnessed increased consumer demand for advanced technology inside vehicles. OEMs in the region are promoting and offering integrated vehicle health management solutions as an add-on feature in the economy and mid-sized vehicles.
What is the reason for the growth of prognostics in the integrated vehicle health management market?
Several OEMs across the globe now offer prognostics solution as a default or optional feature in different vehicle segments. Externally connected OBD II port devices offered by emerging and established players are also equipped with prognostics features. On the other hand, real-time prognostics solutions are also getting traction. All these factors have contributed to the growth of prognostics segment of the market. .
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Table of Contents
1 Introduction (Page No. - 17)
1.1 Objectives of the Study
1.2 Market and Product Definition
1.3 Market Scope
1.3.1 Market Covered
1.3.1 Years Considered for the Study
1.4 Currency Exchange Rates
1.5 Package Size
1.6 Limitations
1.7 Stakeholders
2 Research Methodology (Page No. - 23)
2.1 Research Data
2.2 Secondary Data
2.3 Primary Data
2.4 Market Size Estimation
2.5 Market Breakdown and Data Triangulation
2.6 Assumptions
3 Executive Summary (Page No. - 30)
3.1 Highlights of the Global Market
3.2 Regional Overview
4 Premium Insights (Page No. - 33)
4.1 Attractive Opportunities in the Global Market
4.2 Prognostics, By Health Management Type, to Witness the Highest Growth in the Global Market (USD Billion)
4.3 Light Duty Vehicle, By Vehicle Type, to Witness the Highest Growth in the Global Market (USD Billion)
4.4 Software Segment By Component to Witness the Highest Growth in the Global Market (USD Billion)
4.5 Service Center Segment By Channel to Witness the Highest Growth in the Global Market (USD Billion)
5 Industry Overview (Page No. - 37)
5.1 Key Takeaways : Integrated Vehicle Health Management Product Life Cycle
5.2 Key Takeaways : Evolution of Integrated Vehicle Health Management
5.3 Relevance of Integrated Vehicle Health Management
5.4 Porter’s Five Forces Integrated Vehicle Health Management
6 Market Overview (Page No. - 42)
6.1 Drivers: Integrated Vehicle Health Management Market
6.2 Restraints: Integrated Vehicle Health Management Market
6.3 Opportunities: Integrated Vehicle Health Management Market
6.4 Challenges : Integrated Vehicle Health Management Market
6.5 Impact Analysis : Integrated Vehicle Health Management
7 Integrated Vehicle Health Management Market, By Health Management Type (Page No. - 49)
7.1 Introduction
7.2 Market Share Analysis: Integrated Vehicle Health Management, By Health Management Type
7.3 Integrated Vehicle Health Management Market, By Diagnostics
7.4 Integrated Vehicle Health Management Market, By Prognostics
7.5 Opportunity Analysis: By Health Management Type
7.6 Integrated Vehicle Health Management Market Outlook, By Health Management Type
8 Integrated Vehicle Health Management Market, By Type (Page No. - 55)
8.1 Introduction
8.2 Market Share Analysis: Integrated Vehicle Health Management, By Type
8.3 Integrated Vehicle Health ManagementMarket, By Software
8.4 Integrated Vehicle Health ManagementMarket, By Hardware
8.5 Opportunity Analysis: Integrated Vehicle Health Management, By Type
8.6 Integrated Vehicle Health Management Market Outlook, By Type
9 Integrated Vehicle Health Management Market, By Channel (Page No. - 61)
9.1 Introduction
9.2 Market Share Analysis: Integrated Vehicle Health Management,
9.3 Integrated Vehicle Health Management, By Light Duty Vehicle
9.4 Integrated Vehicle Health Management, By Heavy Duty Vehicle
9.5 Opportunity Analysis: Integrated Vehicle Health Management, By Vehicle Type
9.6 Integrated Vehicle Health Management Outlook, By Vehicle Type
10 Integrated Vehicle Health Management Market, By Channel (Page No. - 67)
10.1 Introduction
10.2 Market Share Analysis: Integrated Vehicle Health Management, By Channel
10.3 Integrated Vehicle Health Management, By Oem
10.4 Integrated Vehicle Health Management, By Service Center
10.5 Opportunity Analysis: Integrated Vehicle Health Management, By Channel
10.6 Market Outlook, By Channel
11 Integrated Vehicle Health Management Market, By Electric Vehicle Health Management Type (Page No. - 73)
11.1 Introduction
11.2 Market Share Analysis: Integrated Vehicle Health Management, By Electric Vehicle Health Management Type
11.3 Electric Vehicle Integrated Vehicle Health Management Market, By Diagnostics
11.4 Electric Vehicle Integrated Vehicle Health Management Market, By Prognostics
11.5 Opportunity Analysis: Integrated Vehicle Health Management, By Electric Vehicle Health Management Type
11.6 Integrated Vehicle Health Management Market Outlook, By Electric Vehicle Health Management Type
12 Integrated Vehicle Health Management Market, By Repair Solution (Page No. - 79)
12.1 Integrated Vehicle Health Management, By Repair Solution, Asia Pacific
12.2 Integrated Vehicle Health Management, By Repair Solution, Europe
12.3 Integrated Vehicle Health Management, By Repair Solution, North America
12.4 Integrated Vehicle Health Management, By Repair Solution, Row
12.5 Integrated Vehicle Health Management Outlook, By Repair Solution
13 Integrated Vehicle Health Management Market, By Region, 2017–2027 (Page No. - 83)
13.1 Regional Landscape
13.2 Asia Pacific
13.2.1 China
13.2.2 Japan
13.2.3 South Korea
13.2.4 India
13.2.5 Thailand
13.2.6 Rest of Asia Pacific
13.3 Europe
13.3.1 Germany
13.3.2 France
13.3.3 Spain
13.3.4 UK
13.3.5 Russia
13.3.6 Turkey
13.3.8 Rest of Europe
13.4 North America
13.4.1 US
13.4.2 Canada
13.4.3 Mexico
13.5 Rest of the World
13.5.1 Brazil
13.6.1 Iran
13.6.3 Others
14 Competitive Landscape (Page No. - 116)
14.1 Competitive Dashboard
14.2 Key Developments: Integrated Vehicle Health Management
14.3 Competitive Leadership Dashboard: Integrated Vehicle Health Management
15 Company Profiles (Page No. - 121)
15.1 Robert Bosch
15.2 Continental
15.3 Delphi Technologies
15.4 Garrett Advancing Motion
15.5 Onstar
15.6 Vector Informatik
15.7 Harman International
15.8 Visteon Corporation
15.9 Luxoft
15.10 Verizon
15.11 Kpit Technologies
15.12 Zubie
15.13 Nonda
15.14 Fixd
15.15 Gofar
15.16 Intellicar
15.17 Intangles
15.18 Autonebula
15.19 Cariq
16 Appendix (Page No. - 173)
16.1 Discussion Guide
16.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
16.3 Marketsandmarkets Knowledge Store : Snapshot
16.4 Related Reports
16.5 Author Details
List of Tables (19 Tables)
Table 1 Currency Exchange Rates (Wrt USD)
Table 2 Global Market Outlook, By Vehicle Type, 2017–2027 (USD Million)
Table 3 Global Market Outlook, By Type, 2017–2027 (USD Million)
Table 4 Global Market Outlook, By Vehicle Type, 2017–2027 (USD Million)
Table 5 Global Market Outlook, By Channel Type, 2017–2027 (USD Million)
Table 6 Global Market Outlook, By Electric Vehicle Health Management Type, 2017–2025 (USD Million)
Table 7 Global Market Outlook, By Repair Solution, 2017–2027 (USD Million)
Table 8 Global Market Outlook, By Region, 2017–2027 (USD Million)
Table 9 Asia Pacific: Market Outlook, By Country, 2017 – 2027 (USD Million)
Table 10 Europe: Market Outlook, By Country, 2017–2027 (USD Million) 105
Table 11 North America Market Outlook, By Country, 2017–2027 (USD Million) 110
Table 12 Rest of the World Market Outlooks, By Country, 2017–2027 (USD Million) 115
Table 13 Robert Bosch– Key Financials 123
Table 14 Continental– Key Financials 129
Table 15 Delphi Technologies– Key Financials 133
Table 16 Garrett Advancing Motion– Key Financials 138
Table 17 Visteon Corporation– Key Financials 153
Table 18 Luxoft– Key Financials 156
Table 19 Verizon– Key Financials 159
List of Figures (102 Figures)
Figure 1 Global Market : Research Design
Figure 2 Research Design Model
Figure 3 Regional Overview : Global Market
Figure 4 Increasing Number of Connected Vehicles to Drive the Global Market During the Forecast Period
Figure 5 Product-Life Cycle : Integrated Vehicle Health Management
Figure 6 Evolution of Integrated Vehicle Health Management
Figure 7 Relevance of Integrated Vehicle Health Management
Figure 8 Porter’s 5 Forces: Integrated Vehicle Health Management
Figure 9 Market Dynamics: Integrated Vehicle Health Management
Figure 10 Global Market, By Health Management Type
Figure 11 Market Share Analysis: By Health Management Type
Figure 12 Market Forecast, By Diagnostics , 2017 – 2027
Figure 13 Market Forecast, By Prognostics, 2017 - 2027
Figure 14 Opportunity Analysis: By Health Management Type
Figure 15 Global Market, By Type
Figure 16 Market Share Analysis: Integrated Vehicle Health Management, By Type
Figure 17 Global Market Forecast, By Software, 2017 - 2027
Figure 18 Global Market Forecast, By Hardware, 2017 - 2027
Figure 19 Opportunity Analysis: Global Market, By Component Type
Figure 20 Global Market, By Vehicle Type
Figure 21 Market Share Analysis: Integrated Vehicle Health Management, By Vehicle Type
Figure 22 Market Forecast, By Light Duty Vehicle, 2017 - 2027
Figure 23 Market Forecast, By Heavy Duty Vehicle, 2017 – 2027
Figure 24 Opportunity Analysis: Global Market, By Vehicle Type
Figure 25 Global Market, By Channel
Figure 26 Market Share Analysis: Integrated Vehicle Health Management, By Channel
Figure 27 Market Forecast, By Oem Channel, 2017 –2027
Figure 28 Market Forecast, By Service Center Channel, 2017 & 2027
Figure 29 Opportunity Analysis: Global Market, By Channel
Figure 30 Global Market, By Electric Vehicle Health Management Type
Figure 31 Market Share Analysis: Integrated Vehicle Health Management, By Electric Vehicle Health Management Type
Figure 32 Electric Vehicle: Market Forecast, By Diagnostics, 2017 - 2025
Figure 33 Electric Vehicle: Market Forecast, By Prognostics, 2017 – 2025
Figure 34 Opportunity Analysis: Integrated Vehicle Health Management, By Electric Vehicle Health Management Type
Figure 35 Asia Pacific: Market, By Repair Solution, 2017–2027
Figure 36 Europe: Market, By Repair Solution, 2017–2027
Figure 37 North America: Market, By Repair Solution, 2017–2027
Figure 38 Rest of the World: Market, By Repair Solution, 2017–2027
Figure 39 Regional Landscape: Market , 2019 – 2027
Figure 40 Global Market Value, By Region (USD Billion), 2017 – 2027
Figure 41 Global Market Share, By Region, 2019 & 2027
Figure 42 Asia Pacific: Market Snapshot
Figure 43 Asia Pacific Market Share Analysis
Figure 44 China: Market Forecast, (USD Billion), 2017 – 2027
Figure 45 China: Market Forecast, By Health Management Type, (USD Million), 2017 – 2027
Figure 46 Japan: Market Forecast, (USD Million), 2017 – 2027
Figure 47 Japan: Market Forecast, By Health Management Type (USD Million), 2017 – 2027
Figure 48 South Korea: Market Forecast, (USD Million), 2017 – 2027
Figure 49 South Korea: Market Forecast, By Health Management Type, (USD Million), 2017 – 2027
Figure 50 India: Market Forecast, (USD Million), 2017 – 2027
Figure 51 India: Market Forecast, By Health Management Type,(USD Million), 2017 – 2027
Figure 52 Thailand: Market Forecast, (USD Million), 2017 – 2027
Figure 53 Thailand: Market Forecast, By Health Management Type,(USD Million), 2017 – 2027
Figure 54 Rest of APAC: Market Forecast, By Health Management Type,( (USD Million), 2017 – 2027
Figure 55 Rest of APAC: Market Forecast, By Health Management Type,( (USD Million), 2017 – 2027
Figure 56 Europe: Market Snapshot
Figure 57 Europe Market Share Analysis
Figure 58 Germany: Market Forecast, (USD Million), 2017 – 2027
Figure 59 Germany: Market Forecast, By Health Management Type, (USD Million), 2017 – 2027
Figure 60 France: Market Forecast, (USD Million), 2017 – 2027
Figure 61 France: Market Forecast, By Health Management Type, (USD Million), 2017 – 2027
Figure 62 Spain: Market Forecast, (USD Million), 2017 – 2027
Figure 63 Spain: Market Forecast, By Health Management Type, (USD Million), 2017 – 2027
Figure 64 UK: Market Forecast, (USD Million), 2017 – 2027
Figure 65 UK: Market Forecast, By Health Management Type, (USD Million), 2017 – 2027
Figure 66 Russia: Market Forecast, (USD Million), 2017 – 2027
Figure 67 Russia: Market Forecast, By Health Management Type, (USD Million), 2017 – 2027
Figure 68 Turkey: Market Forecast, (USD Million), 2017 – 2027
Figure 69 Turkey: Market Forecast, By Health Management Type, (USD Million), 2017 – 2027
Figure 70 Rest of Europe: Market Forecast, (USD Million), 2017 – 2027
Figure 71 Rest of Europe: Market Forecast, By Health Management Type,(USD Million), 2017 – 2027
Figure 72 North America Market Share Analysis
Figure 73 US: Market Forecast, (USD Million), 2017 – 2027
Figure 74 US: Market Forecast, By Health Management Type, (USD Million), 2017 – 2027
Figure 75 Canada: Market Forecast, (USD Million), 2017 – 2027
Figure 76 Canada: Market Forecast, By Health Management Type (USD Million), 2017 – 2027
Figure 77 Mexico: Market Forecast, (USD Million), 2017 – 2027
Figure 78 Mexico: Market Forecast, By Health Management Type, (USD Million), 2017 – 2027
Figure 79 Rest of the World Market Share Analysis
Figure 80 Brazil: Market Forecast, (USD Million), 2017 – 2027
Figure 81 Brazil: Market Forecast, By Health Management Type, (USD Million), 2017 – 2027
Figure 82 Iran: Market Forecast, (USD Million), 2017 – 2027
Figure 83 Iran: Market Forecast, By Health Management Type, (USD Million), 2017 – 2027
Figure 84 Others: Market Forecast, (USD Million), 2017 – 2027
Figure 85 Others: Market Forecast, By Health Management Type, (USD Million), 2017 – 2027
Figure 86 Competitive Dashboard
Figure 87 Key Developments : Market Part 1
Figure 88 Key Developments : Market Part 2
Figure 89 Competitive Leadership Dashboard
Figure 90 Robert Bosch : Company Snapshot
Figure 91 Robert Bosch – SWOT Analysis
Figure 92 Continental– Company Snapshot
Figure 93 Continental – SWOT Analysis
Figure 94 Delphi Technologies : Company Snapshot
Figure 95 Delphi Technologies – SWOT Analysis
Figure 96 Garrett Advancing Motion : Company Snapshot
Figure 97 Garrett Advancing Motion– SWOT Analysis
Figure 98 Harman Internationals : Company Snapshot
Figure 99 Harman International– SWOT Analysis
Figure 100 Visteon Corporation : Company Snapshot
Figure 101 Luxoft: Company Snapshot
Figure 102 Verizon : Company Snapshot
The study involves four main activities to estimate the current size of the global market. Exhaustive secondary research was done to collect information on the market such as the use of diagnostics and prognostics solution in different vehicle types. The next step was to validate these findings, assumptions, and market analysis with industry experts across value chains through primary research. A top-down approach was employed to estimate the market size of different segments considered in this study.
Secondary Research
The secondary sources referred to in this research study include automotive industry organizations such as the Organisation Internationale des Constructeurs d'Automobiles (OICA); corporate filings (such as annual reports, investor presentations, and financial statements); and trade, business, and automotive associations. Secondary data has been collected and analyzed to arrive at the overall market size, which is further validated by multiple industry experts.
Primary Research
Extensive primary research was conducted after acquiring an understanding of the scenario of the market through secondary research. Several primary interviews were conducted with market experts from both demand- side (OEM) and supply-side (integrated vehicle health management providers) across 4 major regions, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW). Primary data was collected through questionnaires, emails, and telephonic interviews. In our canvassing of primaries, we strived to cover various departments within organizations, which included sales, operations, and administration, to provide a holistic viewpoint of the global market in our report.
After interacting with the industry participants, we conducted brief sessions with highly experienced independent consultants to reinforce the findings from our primaries. This, along with the opinions of the in-house subject-matter experts, led us to the findings as described in this report.
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Market Size Estimation
The top-down approach was used to estimate and validate the total size of this market. This approach was also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry and markets have been identified through extensive secondary research.
- The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation
After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and sub-segments. All parameters that are said to affect the markets covered in this research study have been accounted for, viewed in extensive detail, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated, enhanced with detailed inputs and analysis from MarketsandMarkets, and presented in the report. The data was triangulated by studying numerous factors and trends in the demand and supply sides in the market.
Report Objectives
- To define, segment, analyze, and forecast the market size, in terms of value (USD million/billion), of the market
- To provide a detailed analysis of numerous factors influencing the market (drivers, restraints, opportunities, and challenges)
- To define, describe, and project the market based on health management type, component, channel, repair solution, vehicle type, electric vehicle health management type, and region
- To project the market in 4 key regions, namely, Asia Pacific, Europe, North America, and the Rest of the World (RoW)
- To analyze regional markets for growth trends, prospects, and their contribution to the overall market
- To analyze the opportunities for stakeholders and provide details of the competitive landscape for market leaders
- To strategically shortlist and profile key players and comprehensively analyze their respective market share and core competencies
- To analyze recent developments, alliances, joint ventures, product innovations, and mergers & acquisitions in the global market
Available Customizations
With the given market data, MarketsandMarkets offers customizations in accordance with company-specific needs.
The following customization options are available for the report:
Additional Company Profiles
- Business Overview
- SWOT Analysis
- Recent Developments
- MnM View
Growth opportunities and latent adjacency in Integrated Vehicle Health Management Market