An automotive condition monitoring system is an on-board defect detection system, which is built into vehicles and detects defective vehicle conditions and notifies the driver of potentially dangerous situations. It keeps track and reports on engine diagnostics, vehicle mechanical issues, water level, and fuel status, among other important data. A condition monitoring system comprises a control unit coupled to sensors and a data acquiring module that transmits data in the form of input to the control unit. The output information is projected onto the display module by the control unit. This, in turn, provides critical information to the driver, who can use it to avoid accidents or serious damage. In the wake of its multitude of benefits, especially safety assurance, the latest vehicles are preferably equipped with a condition monitoring system.
This report contains market size and forecasts of Automotive Condition Monitoring System in global, including the following market information:
Global Automotive Condition Monitoring System Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Automotive Condition Monitoring System Market Sales, 2017-2022, 2023-2028, (K Units)
Global top five Automotive Condition Monitoring System companies in 2021 (%)
The global Automotive Condition Monitoring System market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Cloud System Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Automotive Condition Monitoring System include SKF, Siemens, Baker Hughes Company, Emerson Electric and PARKER HANNIFIN CORP, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Automotive Condition Monitoring System manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Automotive Condition Monitoring System Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Automotive Condition Monitoring System Market Segment Percentages, by Type, 2021 (%)
Cloud System
Local System
Global Automotive Condition Monitoring System Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Automotive Condition Monitoring System Market Segment Percentages, by Application, 2021 (%)
Passenger Car
Commercial Vehicle
Global Automotive Condition Monitoring System Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Units)
Global Automotive Condition Monitoring System Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Automotive Condition Monitoring System revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Automotive Condition Monitoring System revenues share in global market, 2021 (%)
Key companies Automotive Condition Monitoring System sales in global market, 2017-2022 (Estimated), (K Units)
Key companies Automotive Condition Monitoring System sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
SKF
Siemens
Baker Hughes Company
Emerson Electric
PARKER HANNIFIN CORP