22 March 2021
Visiongain has published a new report on Integrated Vehicle Health Management Market Report to 2031: Forecasts by Health Management Type (Diagnostics and Prognostics) by Component (Software and Hardware) by Electric Vehicle Health Management Type (Diagnostics and Prognostics) by Channel (OEM and Service Centre). PLUS Profiles of Leading Integrated Vehicle Health Management Manufacturing Companies and Regional and Leading National Market Analysis. PLUS COVID-19 Recovery Scenarios.
Global Integrated Vehicle Health Management market was valued at US$ xx billion in 2019 and is projected to reach at a market value of US$ xx billion by 2031. The market is anticipated to witness positive growth over the forecast period, despite the disruptions created by COVID-19 in the year 2020. Visiongain expects the global integrated vehicle health management market to showcase a steady recovery from the COVID-19 slump, the details and measurement of which have been covered in detail in the report.
COVID-19 Impact on Integrated Vehicle Health Management Market
COVID-19 negatively impacted the Integrated Vehicle Health Management segment due to restricted public movement and limited economic activities in first few months after the spread of the virus. The demand for integrated vehicle health management market is directly proportional to new vehicle sales, which a major area of new health management application. The global slump in new vehicle sales and speciality vehicle sales lead to a domino effect and affected the market growth. However, with growing need of personal mobility and growing health awareness among customers is expected to boost the demand in near term.
The growth of the global integrated vehicle health management market is expected to be fueled by growing technological innovation in the automotive sector. With the OEM offering advanced health-related features in their tech-savy vehicles, customers are expected to get lured to the new and advanced vehicles as when compared to the conventional ones. Secondly, favorable regulatory scenario in many countries, where government themselves mandates some health and safety related features is expected to act as major positive for the demand of integrated vehicle health management market.
Significant opportunity exists in the new technology products in Integrated Vehicle Health Management, major players compete on technology and cost as key differentiation product to win the market. Affordability and convenience offered are the two such areas of opportunity. Many EV supply equipment manufacturers are investing significantly in R&D to make HEVs more cost effective. Growth opportunities also exist in the developing part of the world, i.e. regions such as Asia Pacific where countries such as Thailand, Malaysia, Indonesia and India are striving hard to achieve major electrification in near term.
Some of the company’s profiled in this report include Robert Bosch, Continental, Delphi Technologies, Garrett Advancing Motion, Onstar, Vector Informatik, Harman International, Visteon Corporation, Luxoft, and Verizon. Additional companies’ active in the market includes, Kpit Technologies, Zubie, Nonda, Fixd, Gofar, Intellicar, Intangles, Autonebula, Cariq, and Others. Players/Major OEMs are offering some of the health related devices factory-fitted in their cars. One such example is Kia motors, which recently announced its few models being equipped with air purifier having capability to kill germs.
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