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Stock impact report

Integrated Vehicle Health Management Market To Reach USD 51.4 Billion By 2032, Says DataHorizzon Research [Yahoo! Finance]

Visteon Corporation (VC) 
Last visteon corporation earnings: 4/30 06:55 am Check Earnings Report
US:NYSE Investor Relations: visteon.com/investors
Company Research Source: Yahoo! Finance
Fort Collins, Colorado, May 08, 2024 (GLOBE NEWSWIRE) -- High demand for integrated vehicle health management has encouraged industry growth. The demand for integrated vehicle health management (IVHM) solutions has soared due to the increasing complexity of vehicle systems and the necessity for proactive maintenance. IVHM systems facilitate real-time monitoring, analysis, and vehicle health reporting, enabling predictive maintenance to minimize downtime. A U.S. Department of Energy report states that predictive maintenance can slash maintenance costs by 25-30% and enhance equipment uptime by 10-20%. Furthermore, integrating IoT and AI technologies in IVHM systems has bolstered the precision and effectiveness of predictive maintenance, propelling the IVHM market's growth. Safety and reliability concerns in the transportation sector have emerged as pivotal drivers for the integrated vehicle health management market. IVHM systems play a vital role in ensuring vehicle safety by con Show less Read more
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