A Survey of Predictive Maintenance Methods: An Analysis of Prognostics via Classification and Regression

Abstract: Predictive maintenance (PdM) has become a crucial element of modern industrial practice. PdM plays a significant role in operational dependability and cost management by decreasing unforeseen downtime and optimizing asset life cycle management. Machine learning and deep learning have enabled more precise forecasts of equipment failure and remaining useful life (RUL). Although many studies have been conducted on PdM, there has not yet been a standalone comparative study between regression- and classification-based approaches. In this review, we look across a range of PdM methodologies, while focusing more strongly on the comparative use of classification and regression methods in prognostics. While regression-based methods typically provide estimates of RUL, classification-based methods present a forecast of the probability of failure across defined time intervals. Through a comprehensive analysis of recent literature, we highlight key advancements, challenges-such as data imbalance and high-dimensional feature spaces-and emerging trends, including hybrid approaches and AI-enabled prognostic systems. This review aims to provide researchers and practitioners with an awareness of the strengths and compromises of various PdM methods and to help identify future research and build more robust, directed adaptive maintenance systems. Future work may include a systematic review of practical aspects such as public datasets, benchmarking platforms, and open-source tools to support the advancement of PdM research.