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Frost & Sullivan’s global team of analysts and consultants continuously researches a wide range of industries across the globe. The primary and secondary analysis span the entire value chain, identifying organizations that consistently develop new growth strategies based on a visionary understanding of the future and a proven ability to address eme...

The COVID-19 pandemic has affected industries worldwide, but few felt it as directly as the global commercial vehicles aftermarket. The collapse of economic activity in many regions reduced the number of trucks on the road and average miles driven. It also has caused a skilled labor shortage of truck drivers, repair technicians, and other workers n...

30 Jul 2019  |  Global  |  Market Outlook

Global Medium/Heavy Commercial Vehicle Aftermarket Outlook, 2019

Manufacturer-level Revenue to Approach $100 Billion in 2019 Across 20 Key Markets

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The global commercial vehicles aftermarket is a large, but overlooked industry. Across the world, the average company spends nearly $5,000 a year on maintenance and repair parts for just one commercial truck, compared to less than $1,000 that a consumer spends for a passenger vehicle. The aim of this study is to identify the size of the global comm...

The convergence of artificial intelligence and augmented reality is transforming business applications and is likely to have a profound impact on customer experience and the way businesses work. Computer vision, an artificial intelligence technology, allows computers to understand the objects seen through cameras, which are identified and labeled u...

Smart Data is generated by filtering out noise from Big Data generated from various sources such as media, business transactions, Internet of Things (IoT), process ,and data exhausts from online activity. Smart Data reduces the risk of data loss by adding value and increases efficiency and revenue. Unstructured data/Big Data can be turned into Smar...

Cyberattacks have been getting more and more sophisticated day by day and are causing substantial damage to enterprise assets. Companies undertaking digitization initiatives are being discouraged by the possibility of exposing their networks to devastating cyberattacks. These companies are looking to ramp up their security controls to support and p...

Climate change is one of the main factors contributing to the extended duration and expansion of wildfires worldwide. In response to this new global scenario, firefighting agencies are adopting technologies to prevent, suppress, and recover from wildfires. Commercial drone platforms are being integrated into existing firefighting workflows to reduc...

The non-destructive testing (NDT) inspection services market rebounded in 2017 after two years of negative growth. It is expected to transform over the next five years with the advent of new technologies, changing customer requirements regarding connectivity and analytics features, and novel business models. The market was worth $8.79 billion in 20...

The global next-generation firewall (NGFW) market is undergoing a rapid transformation as organizations shift to hybrid, multicloud, and edge environments that outgrow traditional, perimeter-based security models. As cyber threats accelerate in sophistication and adversaries adopt AI-driven techniques, enterprises require unified and simplified sec...